Fellow traders, here's a comprehensive breakdown of the CAKE/USDT price action. The chart uncovers a prevailing downtrend, but with the recent bullish spike, the dynamics might be changing. Here are the key technical levels and projections to watch: Key Technical Levels: Resistance Levels: The most immediate resistance to observe is the peak before the...
These are my Keylevels on 2days ,timeframe, even if we have a 2x from 1 to 2usd , there is still a downtrend.
PancakeSwap is an automated market maker, a decentralized finance application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. Cake's price rose as its popularity did; then cake entered a corrective phase, a long one. It seems cake's price is headed toward the Fibonacci's golden pocket 0.618-0.65 area. Let's see if...
Based on the given market data, the CAKE/USDT pair is currently priced at 2.347 USDT. From a technical perspective, the Relative Strength Index (RSI) is currently at 89.61 for the 4-hour chart, 92.41 for the daily chart, and 58.66 for the weekly chart. These figures suggest that the currency is currently overbought in the short-term (4h and 1d) and may be due...
BINANCE:CAKEUSDT BINANCE:BTCUSDT ⚠️ Disclaimer: The following insights reflect my personal perspective on the market, relying on publicly available information and historical data. While some opinions stem from my actual trades, others do not. I am not a financial advisor, and I bear no responsibility for your trading choices. ✅ Feel free to reach me out with...
Much work was done to remedy the inflation from an unsustainable 60-80% to 3-4%. CAKE is now burning more than emitting which makes this token technically deflationary even if there is still emission running at a rate of 1.45cake per block which is 1/10 of what we saw in previous months. From oversold area now rising with impressive volume back to live. It entered...
PancakeSwap (CAKE), the dominant decentralized exchange (DEX) platform on the Binance Smart Chain, appears to be back on track, with a parabolic price surge. At the time of writing, the altcoin is up by 28%, with its price changing hands at $1.55. By the current outlook, PancakeSwap has soared in a parabolic manner to its highest price level in the past...
On several previous occasions I've written about CAKE and the fact that this token is dying. I don't see CAKE perform well in the next bull-run, but that doesn't mean that CAKE can't go up. I'm looking at the falling wedge on the chart. If we can get a break out in the near future, ideally above 2$, I'd wager that the break out is a success. My target would be...
Local trend. Logarithm. Time frame 3 days. Local trend. Work in it Risk Management. In the local trend at the moment, this coin is interesting to work on, especially since the triangle is almost formed and the dénouement is coming soon. Stops will be quite short in the direction of the breakout. Take a local profit (probably substantial) and forget once and...
◳◱ An intriguing development has unfolded on the NASDAQ:CAKE / CRYPTOCAP:USDT chart as we've identified a compelling Trend Reversal. This shift in price dynamics indicates a noteworthy potential trend change. It's crucial for us to pay attention to the next resistance levels located at 1.181 | 1.245 | 1.374 and the significant support levels found at 1.052 |...
PancakeSwap is the place you trust when it comes to swapping your AltCoins. Its symbol: CAKE ( CAKEUSD , CAKEBUSD , CAKEUSDT ). If you take a look at this one, it's a no-brainer. Things are looking up. Although the Crypto Markets have been smashed lately, the Sun will shine on almost all projects. And I intend to be ready. Got myself a portfolio and adding...
Trading proposals post based on price action, technical analysis, major intraday supports and resistances, rejections, breakouts, chart patterns and other factors . Trading suggestion : 📍 CAKEUSDT - Cake 🔰 LONG 🟢Buy Now or Buy at : 1.160 ⛔️Stop Loss : 1.115 🌀Take Profit 1 : 1.306 🌀Take Profit 2 : 1.475 🌀Take Profit 3 : 1.727 ⛔️ Trading and...
Many tokens have entered a bearish channel since March, and the price has fallen continuously and even updated their lows for the year. If you pay attention to the on-chain data, then you should know that this is due to the withdrawal of liquidity from the market. There are more tokens and less funds. Funding will be concentrated toward stronger projects, just as...
Hello Friends. How are you today ?! I hope you feel great and always be happy and successful. Do you agree that you can buy cake at a great price in this area? I have identified price reaction areas to this descending channel and drew circles in different colors. please focus on these colors. some of them mean reacting to the top of the channel (Green...
Based on technical factors there is a Buy position in : 📊 CAKEUSDT 🔵 Long Now 1.288 🧯 Stop loss 1.255 🏹 Target 1 1.325 🏹 Target 2 1.355 🏹 Target 3 1.400 💸RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
Below you can check Cake’s Bus Stops on its way to the “underworld” of tokens. Who knows if it can be saved at this sad point. Sad story. Good times are now long gone.