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CAKEUSDT trade ideas

Keep an eye on this one / new bridges unlock BSC liquiditythe title says it all. Now with these new bridges into and out of Binance Smart Chain or BSC a bunch of liquidity gets to travel cross chain so it only stands to reason the primary DEX on BSC CAKESWAP (UNISWAP code but launched on BSC just like SUSHISWAP) on BSC should see some action... I would also keep an eye on SNX INJ and any and all Synthetics type projects that help everyone swap for cheeeeeep. My currant go to is ZKSync ERA BRIDGES but there is no wrong way to go D33p W00dz crypto exploring. just get out there and get comfortable with these new types of projects specifically bridges. This is how u get to early projects not yet listed on major exchanges. once they get listed games up so to speak and most of the big gains are done, at least with 90% plus ALT Coin projects. (Most only get one hype cycle) Another way to hunt for ALTs is keep an eye on NEW or Exciting blockchain Developments/ like how a project on Polkadot just went bananas due to the DOT hype it self. A LOT easier to move a 900 ranked market cap coin then a top 10 or even top 100 market cap ranked project/coin. The last bit of advice that at least worked for me was >1. dont spread into to many ALT positions especially on multiple DEXs/Exchanges. You need to move quick sometimes 5 10 mins is all you get so good luck moving that many positions with the gun to your head as the market turns REDRUMMMMM. >and 2. DONT B SKEEEERD TO take PROFITS. When I was new i would always get stuck dreaming of lambos and rainbows & best case not take profits per say but lock it up in some long term DeFi pool or project. NOW If I get a 15 to 30% pump I am almost always, like 99% of the time, take some serious profits. We would need a true FoMo situation for me to sit on my hands like during the OG DOGE pump.... Hope we get a small, healthy market pullback (whatever that is anymore), so we can reload on some ETH BTC & of course an ALT or 2 or 3... happy hunting all and good luck as we enter 2024
Long
by HustleGrindMomentum
PancakeSwap (CAKE) Price Trajectory: Channeling Upwards?Bias: Neutral to Bullish Description: CAKE/USDT is currently trading within a rising channel pattern, which is typically considered a bullish continuation pattern. The price action is hovering around the mid-line of the channel, with the RSI near the neutral 50 level, indicating a balance in market sentiment. Direction: Possible Continuation Upwards Entry: Look for potential entry points near the lower boundary of the channel or after a bounce from the mid-line, signaling continued support. Stop Loss: A stop loss could be placed below the lower channel line or a recent swing low to protect against a breakdown. Targets: Take-profit levels might be set near the upper channel line or historical resistance levels. Adjust these targets if the price action indicates a stronger move. Caution: A breakdown below the channel could negate the bullish outlook, so watch for any shifts in volume or price patterns that might suggest a reversal.
by SpyMk
CAKE Basic trend. Working with reversal zones. Money management.Logarithm. Time frame 1 week. Major trend. Combined education and potential trade in ideas. Pivot zones from key liquidity zones. The main idea and meaning of this idea is to show the logic of working with reversal zones from key resistance support levels, which will determine the further development of the trend. I have shown all possible scenarios of secondary trend development from more probable and logical to less probable, but which have the right to be realized. You should always keep even unlikely scenarios in your mind, even if you do not believe in them. Few people calculate different variants of trend development ahead of time. In most, as a rule, there is one scenario of price movement, but it is built in most cases on the desire that it was exactly as profitable. This is how this trend looks like on a line chart. Exchanges and surprises. Money management. CAKE (PancakeSwap) is a decentralized exchange (DEX) token on the Binance Smart Chain, launched by anonymous developers The coin as an example of similar crypto of the third liquidity group, which lose capitalization, that is, people's faith in the project itself - "the faith of the community is killed". It is quite possible that at one moment the faith in anonymous developers will be "killed" and they will use the existing liquidity for the last time. I emphasize what blockchain the token is made on and how many bad triggers (FUD and not only) in the info space, not only with the designation “4”. The idea (long-term trend) is more educational than trading because of the degree of risk (liquidity, “ugly chart” for the future, large depreciation, breaking a long horizontal channel at a very large %). My desire is to trace on a live chart how the fate of two exchanges will be reflected on the price of this token in the future. Liquid, popular, reliable and conditionally decentralized with “anonymous developers”. Local trend. Work in it (only in it and nothing else). Risk Management. But, in the local trend at the moment, this coin is interesting to work, especially since the triangle is almost formed and soon the dénouement. Stops will be quite short in the direction of the breakout, that is work. I will post an idea for local-medium term work below. Take a local profit (maybe substantial) and forget once and for all about crypto fantasies and what will happen to the price next. No regrets if you took a relatively small profit and further development of the trend showed an order of magnitude more. In the end, it may be the other way around, you will be the lucky one who “made it” before the “sunset”. Learn to take profit from the market, it is better to take a little bit at a time, limiting risks, than to take a potentially large profit (which is what most “sectarians” are waiting for). In the long run, I highly recommend not getting involved with this or other similar cryptocurrencies. You will be playing casino, and not so much with risk management (risk/profit ratio in trading) but with money management (money management in general, places to store and trade). So stops can be useless in some not quite trading situations. Note how I've written a lot of information that doesn't really apply to this cryptocurrency directly, but only indirectly, as a potential consequence of more global yet equally potential events . Observe money management and risk management in trading, diversify where you trade and store crypto assets, this will guarantee a sound sleep in the future. . Secondary trend + local work. Time frame 3 days. 08 2023
by SpartaBTC
12
$CAKE Jumps 5% on Proposal to Slash Token Supply by 300 MillionPancakeSwap's CAKE token jumped by 4% following the proposal, which would see its maximum supply reduced from 750 million to 450 million. NASDAQ:CAKE , the native token of decentralized exchange (DEX) PancakeSwap, is up by almost 7%, following a proposal to reduce its maximum token supply. According to data from CoinGecko, PancakeSwap's NASDAQ:CAKE is currently trading at $3.71, up 6.8% on the day and 40% in the last seven days. The proposal to slash the maximum supply of CAKE by 300 million to 450 million has garnered widespread support from the community of token holders, with over 90% voting in favor so far. Despite its overnight jump, CAKE has a long way to go before it can reclaim its all-time high of nearly $44, posted in April 2021. The move caps off a busy few months for PancakeSwap. In August 2023, it expanded to the Coinbase-incubated Base layer-2 network, and Ethereum layer-2 scaling network Linea, as part of an ongoing multi-chain expansion by the PancakeSwap team. Last month, the DEX launched its own crypto gaming marketplace with tower defense game Pancake Protectors and city-building sim Pancake Mayors as the launch titles. PancakeSwap is currently the third-largest decentralized exchange by volume, accounting for $500 million worth of trades in the past day, according to CoinGecko. The total volume on decentralized exchanges, $5,726,720,165, currently accounts for 5% of all crypto trading, according to the crypto price aggregator.
Long
by DEXWireNews
Mock Up Price Action for CAKE | Mid Term (12HR)Mock Up Price Action for BINANCE:CAKEUSDT | Mid Term (12HR) - Watching and waiting for opportunity to enter short Personal Approach & Base Chart Setup - Stacked Parallel Channels for Grid of Confluence Points - High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles - Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements - Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade - I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Short
by Trevictus
CAKE Signals Green: Buy Now, Thank Me Later!"**Fundamental Analysis of PancakeSwap (CAKE)** PancakeSwap (CAKE) is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC). It is the second-largest DEX by trading volume, and it has been praised for its user-friendly interface and its wide range of features. CAKE is the native token of PancakeSwap, and it is used to incentivize liquidity providers, reward token holders, and power the exchange's governance system. **Recent News** * **August 30, 2023:** PancakeSwap announced that it is expanding to the Coinbase-incubated Base Network. * **August 9, 2023:** PancakeSwap deployed on the Ethereum scaling network Arbitrum. * **September 19, 2023:** PancakeSwap launched a new lottery feature that allows users to win prizes in CAKE and NFTs. * **October 10, 2023:** PancakeSwap burned over 1.9 million CAKE tokens, reducing the total supply by 0.07%. * **December 6, 2023:** PancakeSwap announced that it is partnering with the decentralized finance (DeFi) protocol Bril Finance to launch a new NFT marketplace. **Disclaimer** Please note that cryptocurrency investments are inherently risky and volatile, and there is no guarantee that any investment will be profitable. It is important to do your own research before investing in any cryptocurrency, and to only invest what you can afford to lose.
Long
by MoonTradingForecast
1
cake 2024🤑🎄 Hello friends, today I want to write my analysis of the trend of Cake here. CZ has been working on his side projects since his dismissal. His biggest side project is Cake. And recently Cake has decided to destroy half of its supply. This will be a sign of the lack of fear among new buyers. Based on technical analysis, my price target is the same as the previous ceiling, but according to the available news, $100 in the new year does not seem unlikely. Have a happy and profitable new year
Long
by vahidzamani67
9
THis one is a no BrainerYes we saw a 75% pump in late Nov. but this one has been beaten down from $40 and with all the new hype and L2 bridges into Binance Smart Chain or BSC unlocking all the BRC20 Liquidity this is where they go to swap so why not blow up yes there are better places to buy this token but you all know how this stuff works. SEE ZKSpace new Bridge into anywhere and everywhere for cheap via ZKSync Era BRidge partnership and tech. I would wait and see if 1. BTC keeps grinding up and sideways or 2. She spills and pulls the rest of the market with it. Lets see a nice shake out b4 the BTC ETF "Go single." This is when i would load up heavy on ALTs/ If we see a BTC and market Pull Back you can watch how ALTs handle it and pick the ones that seem to hold up the best or T and A or whatever, at least 1 or two but try to not spread to thin ie to many alt positions can be danger danger for many reasons.
Long
by HustleGrindMomentum
PancakeSwap Proposes Token Supply Cut To 450 Mln, Will CAKE Pric PanCakeSwap ( NASDAQ:CAKE ), the crypto built on the Binance Smart Chain, has lost over 23% in value in the past year. The price decline has been a concern for its investors and the PanCakeSwap ecosystem. Hence, PanCakeSwap has now announced a proposal to reduce the CAKE total supply from 750 million to 450 million, in a bid to push the prices up and uncover the journey to the “ultrasound CAKE.” PanCakeSwap To Restrict NASDAQ:CAKE Total Supply The current circulating supply of CAKE is around 388 million and restricting it to 450 million would leave room for only 62 million new coins to be added in the future. The move has been supported by the CAKE community as they believe that the crypto can recover significantly after it has lost a massive value since attaining its all-time high at $43.96 in April 2021. The CAKE crypto has been witnessing a constant decline for the past two years and is now trading at over $2.50. Therefore, restricting its total token supply could be beneficial. PanCakeSwap also announced it has reevaluated incentives for ecosystem growth to attain accurate estimates after nearly 3 years of development. Therefore, the ecosystem believes that the reduced token supply would do better justice to its community. Furthermore, for the ultrasound CAKE, a crucial step of lowering the total token supply has to be undertaken. It signals that PancakeSwap is aiming to shift from a hyperinflationary tokenomics model. In addition, it believes that the revised CAKE total supply of 450 million coins is reasonable enough to ensure that there is sufficient flexibility for growth and development. PanCakeSwap Price Rallies 20% The recent development has pushed the PanCakeSwap price up and it has gained about 20% in the past 24 hours. The PancakeSwap price was up by 19.09% as it traded at $2.61 on Thursday, December 21. In addition, the 24-hour trade volume witnessed a spurt of 179.65% and was recorded at $197.29 million. Furthermore, the CAKE market cap stood at $683.84 million, gaining 18.33% in value. Despite the recent surge, the crypto has lost 1.90% in the past month. However, in the last seven days, it managed to gain 3.66%.
Long
by DEXWireNews
4
CAKE - A Sweet Setup: Bullish Rally After the Fakeout🍰🚀Time to delve into the delectable world of PancakeSwap (CAKE)! The CAKE chart is cooking up something intriguing as it gracefully moves beneath a substantial trendline, creating ripples of anticipation. Let's break down the layers of this confectionery and explore the potential for a sweet bullish rally after a crafty fakeout. 📈🚀 Analyzing CAKE's Chart: Trendline Mastery and the Triangular Tale Dominating Trendline Dynamics: Under the Trendline Spell: CAKE is currently trading beneath a significant trendline, setting the stage for a potential transformative move. Historical Importance: Trendlines often act as powerful influencers, marking critical levels for price action. Triangular Formation: Ascending Triangle Unveiled: CAKE is crafting an ascending triangle, a pattern characterized by higher lows and a horizontal resistance line. Fakeout Drama: A recent fakeout attempt below the triangle's lower boundary has added an element of suspense to the narrative. Trading Strategy Insights: Bait and Switch: Fakeout Drama: The false move below the triangle's lower edge could be a tactical maneuver to bait traders. The Sweet Spot: Watch for potential upward momentum following the fakeout, especially considering the liquidity gathered beneath the trendline. Confirmation Signals: Retesting the Trendline: A successful retest of the trendline could serve as a confirmation for a bullish surge. Volume Validation: Observe trading volumes during the retest for added confirmation of the potential rally. Price Projection: Targeting the Heights: If the anticipated bullish rally unfolds, CAKE could aim for higher levels, with attention on previous resistance zones. Conclusion: As PancakeSwap's CAKE undergoes this intriguing setup, traders should remain vigilant for potential bullish signals post the fakeout episode. A successful retest of the trendline could be the sweet confirmation needed for a delightful rally. Stay tuned for real-time updates, 🌐 ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
CAKE LOOKS BEARISHIt looks like we have a contraction triangle on the chart. The lower trend line of the triangle is broken and the price has failed to recover it. We are expected to move towards the green range with high volatility. We specified the targets. Closing a 4-hour candle above the red range 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
by behdark
1