It looks like the CAKE symbol is inside a large diametric and has now completed a large bearish wave. Now for E branch it can move up. The target is somewhere inside the yellow circle.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
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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...
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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...
CAKE has a good chance of making one last leg down before hitting a good Buy Zone ($1.20 - $1.05)!
I’m not a big fan of support lines, but this one has some validity especially since the MACD is losing momentum.
Then the next move we may see some serious green candles to the upside.
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I like to keep my analysis simple and...
📊 #CAKEUSDT
⏱ TIME: 1W
📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner.
📍The initial buying limit: 1.18 $
📍The second buying limit: 0.47 $
📌TP1: 2.47 $
📌TP2: 5 $
📌TP3: 12.2 $
📌TP4: 43 $
📊 #cakeusdt
⏱ TIME : 1W
📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner. It has also been checked for fundamental analysis and is a sustainable and strong project for the future.
📍The initial buying limit: 1.18 $
📍The second buying limit: 0.47 $
📌TP1 : 1.45 $
📌TP2 : 2 $
📌TP3 : 2.9 $
📌TP4 : 5.5 $
After several weeks PancakeSwap experienced bearish, now we can see the bottom in 1.8. This level can influence people to buy and increase the price to the potential level in 2.9. But if it break the yellow line, it will fall to 1 - 1.04.
PancakeSwap token does not look good...
With recent FUDs, I think it has started this downtrend a bit sooner than the rest of the market and it's heading towards the Weekly Base. Retracements of this coin, can be option for build up sell positions.
HI DEARS
2 days ago something big happened to Pancake Swap's liquidity pools.
Reports that a so-called "mass unlock" of calls on the CAKE smart contract drove a reduction of 4% in the protocol's total value locked (TVL) over the past day. This comes as PancakeSwap officially concluded the integration of its V3 liquidity pools with Ethereum and BNB Chain.
after...
PancakeSwap is a decentralized cryptocurrency marketplace that runs on Binance's BEP-20 network. PancakeSwap is the largest decentralized marketplace on the BEP-20 network. Many crypto asset projects use pancakeswap as their primary option to list their tokens for listing and add liquidity. However, the weakness of this token is that the supply is not limited, so...
Two upward corrective waves were made, and a final C wave remains, five waves ascend, of which wave one and wave two have ended, and three final waves remain.
PancakeSwap, a decentralized exchange built on the Binance Smart Chain, is currently generating a lot of attention in the cryptocurrency market. The recent bullish trend seen in the 20 and 50 exponential moving averages is providing a positive outlook for the asset. This crossover of the EMAs is a positive sign for traders and investors, indicating that the price...
As all of you know already , if the ascending triangle pattern happen in the downtrend channel then there is more than 60% possibility to reverse the trend and break the triangle up!
Cake move:
Short term:
1) small pump up to 5.5-6$, deviation, dump
2) dump to the mid-range of the small range (3.5$), pump to 8-9$, then dump
Long term:
1) deviation, consolidate in the 1.5-2.5$ range, initiate new pump
2) consolidate in the 1.5-2.5$ range, final dump to Jan 2021 prices, consolidation, initiate new pump
This is true for cake and for many other alts.
![CAKEUSD: [UPDATE CAKE] What can happen?](https://s3.tradingview.com/i/iM1ls9Zh_mid.png "[UPDATE CAKE] What can happen?")
