#CAKE/USDT is trying to hold the support level is 4-Hour TF! I am expecting a sweep below PDL $3.68 and then a bounce or it can sweep Previous Low before a bounce. The major resistance level for NASDAQ:CAKE is PWH $4.653.
Please pay special attention to the accurate trend, and colored levels. The chart is very sensitive and you should be very careful with your capital. Be careful BEST MT
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#Cake, with negative inflation and reduced production numbers in tokens, is creating a new phase of ascent. Everything is indicated in the chart. Please buy only in spot and avoid trading cakes in futures markets. This year is the year of #cake growth. Good luck
PancakeSwap, the decentralized exchange (DEX) synonymous with the Binance Smart Chain (BSC) ecosystem, has ignited a flurry of excitement in the cryptocurrency community with its recent strategic maneuvers. As the platform burns over 8.7 million NASDAQ:CAKE tokens worth a staggering $35 million, investors eagerly anticipate the implications for both PancakeSwap...
As you can see, the cake has reached the ceiling of the channel and we have to wait for the fall of this currency
CAKE broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 2.9 is possible.
💎Paradisers, let's dive into #CAKEUSDT as it's positioning itself for a bullish rebound off its support zone, indicating a potential upward shift. 💎With #PancakeSwap moving within an ascending channel pattern, it's approaching a critical moment at the $2.54 support level. The observed reduction in volume at this juncture suggests a continuation of the bullish...
Hi guys In the medium term, if the resistance range of $6.34 is completely consumed, the possibility of continuing the upward trend and seeing higher areas will be strengthened. In the weekly RSI time frame, it is in the saturated range. After the specified resistance range is consumed, we can check the entry points more carefully. What do you think?
If the Cup and handle patter its confirmed we should be looking at the next resitance at $6.5 USD. Also, the last Fibonacci retracement is proyecting to $6.5 USD. Will update soon.
As I know Cake has really Great Ecosystem in Pancakeswap ! So why not but it in this way and wait for TP! 123 bullish made for it ! major and minor R and S areas Clear.
#CAKE The 1-day bearish channel was broken strongly to the upside Supported by stability above the Moving Average 100 It is supported by a rebound from the green support area on the chart This support area was adhered to well We also have a positive divergence on the RSI indicator Entry price 2.82 First goal 3.04 The second goal is 3.30 Third goal 3.60
You can buy Cake between 2 and 4 area and this place with money management.
NASDAQ:CAKE #PancakeSwap is sitting now a bit above $4.00. Will it be able to retest those ATH levels or at least that golden zone of fib? There is a probability to see another leg up after a breakout through this massive resistance zone. Full send after a breakout and no predictions only probabilities.
This is an update to the analysis you see in the "Related Ideas" section The diametric that we considered for CAKE in the previous analysis is running. We are looking for buy/long positions on the green range. The targets are clear on the chart Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget...
After 14 hours 30min of waiting finally TP has got reached. Long Live & Prosper Cake! 🖖