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CAKE / TetherUS

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CAKEUSDT trade ideas

CAKE is bullishWe have a bullish structure on the chart and also a head and shoulders can be seen at the bottom. By maintaining the demand range, it can move towards the supply side. The targets are clear on the chart. Closing a 4-hour candle below the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
by iMoneyTeam
1
CAKE ready for a POP ! Basing up and holding. above resistance.CAKE strong looking chart, continually basing up and maybe one to follow the DEFI names that already popped. UNI UNFI and SUSHI. just bought the 4h HL off of 4h Ema 12. stop under there.Guys and Gals remember it is no problem buying a strong chart high up. Just respect your stop and let it play out. TA rules, Learn TA from the MASTERS . Learn real setups . Study our Playbook. Get profitable fast! You love Charts and so do we ;) Chris Chartman and the Freedom traders
by ChartmanChris
4
Comprehensive Analysis of the CAKE/USDT Chart1. **Key Support and Resistance Levels**: - **Resistance**: There are two major resistance zones on the chart: - The first zone is between 5.500 and 5.800 USDT. - The second zone is between 6.580 and 6.965 USDT. These areas are highlighted in red and indicate significant selling pressure where the price is likely to encounter resistance. - **Support**: The major support zone is around the 2.500 USDT price level. This area is marked in green, indicating significant buying pressure where the price is likely to find support. 2. **Liquidity Levels (LIQ)**: - **LIQ (weekly)**: Located around 1.206 USDT and 7.500 USDT. - **LIQ (daily)**: Located around 6.580 USDT and 0.994 USDT. Price Movement Prediction: - **Upward Movement**: - If the price can break through the resistance at 5.500 USDT, it may move towards the higher liquidity targets at 6.580 USDT and then 7.500 USDT. These areas are indicated by blue lines and can be considered potential targets for upward movement. - **Downward Movement**: - If the price falls below the support at 2.500 USDT, it may decline towards the weekly LIQ around 1.206 USDT. This level can be considered a target for downward movement. Conclusion: - For short-term traders, monitoring price movements around the key resistance and support zones is important. Traders can look for signs of price reversal in these areas. - For long-term investors, focusing on liquidity levels and overall price movement predictions can aid in better decision-making. If major resistances are broken, a move towards higher liquidity targets is likely, and if key supports are broken, a move towards lower liquidity targets is likely.
by Hooman_Badiefar
6
CAKE looks cheap hereCAKE/USDT (PancakeSwap) Sector: Decentralized Exchange Market Cap: $690M CAKE, PancakeSwap's token, one of the most used DEX, failed to accumulate during the Bear Market, keeping its price in a clear range. We're seeing an exit from the bottom, but we've managed to get back in, and now the upper and lower limits are clear. We are now consolidating on the lower boundary, which offers us a trade opportunity with a limited risk by placing a Stop Loss below this support. We can envisage a return to the upper end of the range, where it would be wise to sell part of our position. And why not hold on to part of the bag, hoping to extract it and sell at the next resistance levels.
Long
by vf_investment
CAKE: Repeating Patterns or a Bullish Reversal?CAKE, the native token of the PancakeSwap decentralized exchange (DEX), has a history of forming and breaking trendline support levels, creating a pattern of potential reversals. This pattern raises the question of whether CAKE is poised for another downward move or a long-awaited bullish breakout. Historical Pattern of Trendline Breaks: January 2022: CAKE broke below a trendline support level in a manner resembling a bearish flag pattern, suggesting a potential downtrend. April 2023: CAKE once again broke below a trendline support level, reinforcing the pattern of potential bearish reversals. Current Price Action: CAKE is currently testing a critical support level, forming a pattern similar to the previous trendline breaks. This raises the crucial question: will CAKE follow its historical pattern and break down once more, or will it defy expectations and initiate a bullish reversal? Bullish Reversal Indicators: Despite the bearish trendline breaks, there are indications that CAKE may be poised for a bullish reversal: Accumulation Phase: CAKE has been accumulating within a defined range, suggesting a potential buildup of buying pressure. Positive Sentiment: The PancakeSwap DEX continues to attract users and generate volume, providing a fundamental basis for potential price appreciation. Conclusion: CAKE's price action presents a compelling scenario for both bears and bulls. While the historical pattern of trendline breaks suggests a potential bearish continuation, the accumulation phase and positive fundamentals hint at a possible bullish reversal.
by Yaroslav_Krasko
CAKE Set For a Breakout As PancakeSwap Announces $25 Mln BurnPancakeSwap, a decentralized exchange platform on the Binance Smart Chain, announced a token burn of over 8.9 million NASDAQ:CAKE tokens, collected from trading fees across Automated Market Makers (AMM) Version 2 and 3. The $25 million token burn likely helped the NASDAQ:CAKE price recover from recent losses. The DeFi token, which was initially valued at $2.808, rose nearly 3% on the day after the announcement. The DEX burned 8,924,466 NASDAQ:CAKE tokens worth nearly $25 million. PancakeSwap had collected 119,000 NASDAQ:CAKE worth $332,000 as trading fees for its AMM Version 2 and 160,000 CAKE worth $448,000 for its AMM Version 3. The DEX is integrated with market makers on Ethereum and Binance Smart Chain to help traders execute their trades at a relatively low cost. The DEX recently announced plans to redirect NASDAQ:CAKE emissions from farming pools to bribe locker protocols and boost the liquidity of the DeFi token for users, which has no impact on NASDAQ:CAKE supply since it simply redirects emissions to liquidity pools.
Long
by DEXWireNews