CakeusdtHi.I think new bullrun is begun and cake is so super
bullish.pullback is confirm is confirmed.
CAKEUSDT trade ideas
CAKE PANCAKESWAP PRESENTS GOOD RISK REWARDBINANCE:CAKEUSDT is 100% away from this low. The TPs and invalidation level (stop loss) is clearly on the chart.
#CAKE: Strategic Entry on Support Breakout - Our Trade RationaleWe've decided to enter a trade on #CAKE/USDT after identifying a compelling technical setup that suggests a potential bullish reversal. Here’s a detailed explanation of our decision:
1. Descending Trendline Breakout: CAKE has been in a downtrend, confined within a descending trendline. Recently, the price has broken above this trendline, signaling a potential reversal and the start of a bullish phase.
2. Strong Support Level: The price has bounced off a strong support level around $2.20, which has held multiple times in the past. This increases the likelihood of a sustained upward movement from this level.
3. Volume Confirmation: The breakout above the descending trendline is accompanied by an increase in trading volume. This adds credibility to the breakout and suggests that the new bullish trend could sustain.
4. Bullish RSI Divergence: The Relative Strength Index (RSI) shows a bullish divergence, where the price is making lower lows while the RSI is making higher lows. This indicates a potential reversal and strengthens the bullish case.
5. Risk-Reward Ratio: Our entry point at $2.248 is well-calculated, with a stop loss set at $1.759 to manage downside risk. The target price is $5.381, providing an attractive risk-reward ratio for this trade.
In conclusion, the combination of a descending trendline breakout, strong support level, volume confirmation, and bullish RSI divergence presents a promising opportunity in CAKE. With a well-defined risk management strategy, this trade aligns with our overall trading plan. Let's see how this plays out!
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Cake usdHi everyone
this is not a financial, investment, trading, or other types of advice or recommendations
this is my idea
and its my art and way of seeing market today
trade with your plan
Alikze »» CAKE | Head and shoulder pattern scenario🔍 Technical analysis: PullBack to broken structure
- According to the analysis presented before, after touching the supply range, it faced selling pressure.
- It is moving in a downward channel in the daily time frame.
- In the last update, after reaching the 3.13 range, it faced selling pressure again, which touched the downward target in the range of 1.56.
- Currently, the level of 3.13 has returned as much as 100% of the previous wave.
- As can be seen, a head and shoulders pattern has been formed, which is confirmed by the break of the trigger line and neck line.
💎 Therefore, considering that it is located at the bottom of the channel, it can touch the target of 1.17 with pullback to the neck line.
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CAKEUSDT PancakeSwap 1W-TIMEFRAME ANALYSIS💥CAKEUSDT PancakeSwap 1W-TIMEFRAME ANALYSIS
💗Hello ladies and gentlemen
This is my new idea for 💥CAKE PancakeSwap
I hope my idea is clear
Support me by like and share thank you
Stay Safe💯💲💲💲
Good luck💰😍
papicoin long term strategy for pancake swap $caketrading view ideas
blessings to all sisters and brothers who search and work for consciousness, love and freedom.
for you who understand what is going on and see on crypto the opportunity to empower decentralized communities for decentralized power and wealth, i am glad to share my long term strategy on theses cryptos that I am willing to accumulate and hodl.
the green areas are the ones I will use to but and accumulate, the lower the prices the more amount of capital, of course.
in the blue areas I will be taking some profits, the higher the price the more I will distribute.
feel free to ask anything, i would be glad to answer, but I do not promise immediate responses, lol.
keep connecting to the vibrations and elevating the frecuencies for the human awakening by meditating, praying, celebrating and being the origin of love and harmony!
CAKE : buy in low Analysisfor CAKE/USDT
Author: ahmadarz
In this analysis, we are reviewing the CAKE/USDT pair. According to the provided chart, the price is at the lower support area of the trading range, and the entry point is specified.
Key Points:
- Entry Point: 1.943
- Target Prices (TP):
- TP-1: 1.966
- TP-2: 1.989
- TP-3: 2.014
- TP-4: 2.042
- TP-5: 2.087
- Stop Loss (SL): 1.917
- Explanation: The best position to enter a buy trade is in this support area. Target prices are specified sequentially, and the stop loss is determined in case the support area is breached.
Caption:
🔍 Analysis of CAKE/USDT: The price is in the lower support area of the trading range. The entry point is set at 1.943, and target prices are specified. 📈
Warning: This trading signal is based solely on technical analysis, and the trader is responsible for any decisions made.
CAKE looks bearishFrom where we placed the red arrow on the chart, it seems that the CAKE correction has started and wave A has ended and we have entered wave B.
Wave B is a zigzag diamond pattern.
We are looking for sell/short positions in the red range.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
pancake swap ready for 400 % profit (cakeusdt)hello dear trader and investors
this price action for cake with usdt pair and now cake in the QM bulish pattern after bitcoin retest supourt zone pancake collected liQ on the supourt zone
and fundamentally:
A multichain DEX PancakeSwap has recently announced a token burn event. As per the platform, the respective episode takes into account the burning of up to 9,039,859 NASDAQ:CAKE tokens with a value of up to $16 million. The company took to the social media platform X to disclose further details of this development.
9,039,859 NASDAQ:CAKE just burned – that’s $16M!
PancakeSwap Commences a Token Burn of up to 9,039,859 NASDAQ:CAKE Tokens
In its recent X post, the firm revealed that this burn event works as a part of PancakeSwap’s broader efforts. According to the platform, the current endeavors thereof focus on minimizing the NASDAQ:CAKE token’s supply and increasing its value. Apart from that, the post also offered insights into the trading fees. Additionally, it also discussed the activity across diverse sections of the platform.
In terms of trading fees, PancakeSwap noted that trading fees from Automated Market Maker V2 accounted for 89,000 NASDAQ:CAKE tokens. These coins had a value of up to $156,000, denoting a more than 9% change from the previous week. Nonetheless, trading fees from Automated Maker V3 accounted for nearly 71,000 NASDAQ:CAKE coins. This figure equaled the value of up to $124,000, signifying a change of -50% from the previous week.
Alikze »» CAKE | Dynamic trigger failure and pullback completionIn time 1W, after a zigzag correction, it will have the ability to rise to the targets specified in the chart by breaking the dynamic trigger and pullback to it by breaking the most important neck line resistance. According to the current motivational wave, this step can be fast. But its first supply zone will be in the range of 4.8 to 5.4 dollars.
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CakeHi friends
I have 1 idea for alt session and
In the chart 3 target
Target 1 yellow line
Target 2 orange line
Target 3 red line
Warning!!!This analysis is true for almost the whole crypto market, there is no other alt season, withdraw your capital at this point
CAKE - BEAR PREVAIL FOR 3 YEARS AND NOW WHAT
You need to see what this looks like on the weekly & monthly chart - a clean classical Head & Shoulder pattern unfolding and about to end. The thing is a lot are looking for perfect entry but that is a gravy mistake and often time they get sidelined, especially in this imminent bull run. The best way have always been to DCA and never go all in at once.
The invalidation level (red dotted line) is clearly on the chart for this scenario. BINANCE:CAKEUSDT
OTHER ANALYSIS
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BINANCE:ADAUSDT
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The price has broken through a significant supportThe price has broken through a significant support area around $2.364 and is currently testing it again. This retest is crucial as it will determine whether the support level can be reclaimed or if the price will continue to decline. If the price fails to reclaim this level and closes below it, we may see a move towards the next support area.
just an IDEA ( cake 1D )As you can see and I mentioned in my previous cake chart, unless we maintain above 3$, we couldn't move upward. As you can see, because of the blue trend line, we couldn't stay above 3$, and it was a fake break.
As you know, we have been in a range box for 2 months, and based on the range box rules, if we have a fake breakout on either side, there is a high possibility of returning to the opposite side of the range box again. This clearly happened here.
Now we are in a support area. We need to see a good reaction here to determine our next steps, but consider that we still have our blue trend line and the 3-dollar resistance above us.
📊Meanwhile, our volume is decreasing, which indicates that people are tired of this range box and these prices. Due to this situation, we could see a sharp move in either direction soon.
📈 Bullish Scenario:
We are currently in a support area. We need to see a good reaction here to determine our next steps, but keep in mind that we still have our blue trend line and the 3$ resistance above us.
• If the support at $2.40 holds and the price rebounds upward, it may target the next resistance levels around $3 and potentially 3.60 TO 3.80$ . These levels align with the Fibonacci retracement levels of 0.050 to 0.061 from our recent downtrend movement, as well as the resistance indicated by our yellow trend line.
📉Bearish Scenario:
• If the price breaks below the support at 2.40 and closes and maintains there, the next target could be the support levels around 2.15.
• There are also more bearish scenarios that I don’t want to consider yet. We need to see the reaction at 2.15, and then we will think about that scenario. However, we should keep it in mind.
Keep a close watch on these levels and the overall market sentiment to make informed trading decisions.
Please let me know what you think.
Will CAKEUSDT Make a Big Move? A Key Event Can Push Cake PriceYello, Paradisers! Do you see the potential for a massive breakout in #CAKEUSDT? We have some exciting information that could be vital for the #CAKE movement in the next few days
💎#CAKEUSDT has consistently followed a symmetrical triangle pattern, and right now, we're seeing a bullish double bottom pattern forming at the crucial support zone around $2.29. If the price maintains its momentum, there's a strong possibility of a bullish surge toward the supply area.
💎#PancakeSwap ( NASDAQ:CAKE ) has an upcoming event from June 19 to June 20, 2024. This event could drive demand for #CAKE and associated tokens, potentially causing significant price movement.
💎If #PancakeSwap sustains its momentum, we could see a bullish breakout from the support at $2.29. If the price fails to hold momentum and breaks below the ascending support, we anticipate a bullish rebound from the lower support level at $1.91.
💎However, if NASDAQ:CAKE break below the strong support at $1.91, it would invalidate the bullish outlook, leading to a significant price drop.
Stay focused, patient, and disciplined, Paradisers. Make sure to keep an eye on these key levels and trade smartly.
Just an 'IDEA' I think it will move like this , but mean while it can change , for now I think we need to close above EMA 200 first , then try to fill the FVG and get to fibo 50-61.8 .
