CAKE is crawling sideways in between a bull channel and above the Weekly Resistance. The price hasn't been able to break above the 30EMA nor has it broken below the Weekly Support. How do we trade this? The overarching trend is bullish, so we should set our bias to long. The price is establishing support at the previous Weekly Resistance, so it's reasonable to...
CAKE is in a descending wedge pattern and currently flirting with breaking out. After last week's bull bar closing near its high, we had a slight pullback to the 30EMA and bounced back to the top of the wedge. We have yet to breakout let alone confirm a breakout. Until then, this is what we have for data: Key Points 1. The Descending Wedge Pattern is...
The long-term BINANCE:CAKEUSDT channel is broken! We have to wait for the completion of pullback. 75% profit can be obtained!
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 Thank You
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...
Hey Traders! 📣 Exciting news on the CAKE/USDT chart! We're eyeing a potential short-term setup with the falling wedge pattern! 🍰💰 📊 Technical Analysis: Falling Wedge Pattern ✅ Weekly Bullish Divergence ✅ Potential Breakout Soon! 🚀 🎯 Entry Point: Consider an entry upon a breakout above the upper wedge trendline. 🎯 Short-Term Take Profit Targets: Target 1:...
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...
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. Follow me for more of my content! 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. 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.
2.5 - 2.6 is the last strongest support since 2021. I think if the price break this support, it will going to 0.9 to 1.5.
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...
Hi guys since may 2022 cake started accumulation zone and play between 3 to 5 usd. this is educational purpose. DYR
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...