CAKEUSDT.P trade ideas
CAKE on the way to $11 11 dollars would make the total market cap of CAKE to 4.5B which is medium size in this crypto market.
They need to have a better launchpad, perpetual trading, should have mobile app. They have already integrated with gaming that is good sign.
CAKEMedium-term trading strategy with CAKE is set up in the blue entry zone. Price target in the direction of the arrow. You can buy CAKE right now. The expectation that the price can surpass CAKE's old peak makes this the most attractive trading code at the present time
CAKE: Bulls on the Rise! Potential Breakout Ahead 💎Cake has recently broken out of a resistive trendline and is currently forming an inverse head and shoulders pattern, indicating an increased likelihood of a bullish move.
💎If CAKEUSDT manages to break above the resistant zone, we can anticipate a bullish movement towards the next resistance levels. In the case of a pullback, we might expect a bounce from the bullish OB, which also serves as a demand area.
💎However, if CAKE shows signs of panic selling and breaks down below the demand area, it would be prudent to wait for better price action to form before considering any further actions.
CAKE: Bullish Momentum Builds with W Pattern Breakout💎 CAKE has broken out of a descending channel and formed a W pattern at the FVG and 200 EMA. Additionally, the price has shown CHoCH, indicating an increased probability of a bullish reversal.
💎The price may exhibit a pullback and find support at the bullish OB level, or it may retest the breakout zone of the W pattern before establishing a bullish structure.
💎If the price fails to show any bullish candles near the bullish OB level, it would be prudent to avoid trading CAKEUSDT. Furthermore, if the price falls below the last bullish OB level, we can anticipate a bearish movement in CAKE.
Riding the Sugar Rush: Exploring the Bullish Momentum of CAKEUSDTechnical Analysis:
- Current Price: $2.619
- 24-hour Price Change: +4.39%
- 7-day Price Change: +6.42%
- BOLL Support Price: $2.535
- BOLL Resistance Price: $2.618
From a technical perspective, the current price of CAKEUSDT is $2.619. Over the past 24 hours, it has experienced a price increase of 4.39%. In the last 7 days, it has seen a positive price change of 6.42%. The BOLL support price is at $2.535, indicating a potential level of support, while the BOLL resistance price is at $2.618, suggesting a level of resistance.
Fundamental Analysis:
- Market Cap: $603,194,010
- Token Total Supply: 239,510,025
- Token Circulation Supply: 239,510,025
In terms of fundamentals, CAKEUSDT has a market capitalization of $603,194,010. The token's total supply and circulation supply both stand at 239,510,025.
Combining Technical and Fundamental Analysis:
Based on the technical analysis, CAKEUSDT has shown positive price movements in the short term, with both the 24-hour and 7-day price changes being positive. The BOLL support and resistance prices can be used as potential levels for traders to consider.
From a fundamental perspective, the market capitalization indicates the overall value of the token. The total supply and circulation supply provide insights into the token's availability in the market.
It is important to note that this analysis is based on the provided data and should be considered as a starting point for further research and analysis. Market conditions and other factors can influence the future performance of CAKEUSDT.
Risk Disclosure: Predictions are for reference only, not investment advice. Investing involves risks; please make decisions cautiously.
PanCake Swap Reversal TradeThis crypto has reached the lower trendline and has taken support, It has also broken out from a triangle pattern. This gives us a good point to enter.
Risk Reward Ratio - 3:1.
SL is placed below all time low and support Zone.
Target is placed near swing high.
CAKEUSDT LongCAKEUSDT Long
IMO
Give a Like and Feel free to share your opinions in the comment!
Happy Trading 😊
#Cake cup and handle break out!#Cake cup and handle break out! Targets: 21- 23- 25- 27 - 30 - 34 dolores. Stop Loss: 17
PancakeSwap #CakeUsdtAll level mentioned on chart.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. If you check all previous charts, you will understand how beautiful price action trading is and how one can become independent trader by following some simple rules.
Reach out if you wish to learn powerful technical analysis based on simple price action.
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#Cake$ Breakout !!!!#Cake can be traded in trend breakout!! Volume and order book are good, I expect a rise in the long term. It is not financial investment advice.
Low Risk Set Up ✌✌✌This Coin at Demand Zone and it is good for short Term pick up. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
CAKE in Major Demand Zone!!CAKE has been following the Fibonacci Fan and has been forming a triangle too. Now, it has reached a major demand zone and is going to touch the 0.618 level on the Fibonacci on the daily chart. It might retrace back from here and go for a new higher high. Pancake Swap must be having something good upcoming.
PANCAKE (CAKE) BREAKOUT!!CAke is respecting its pattern and forming a nice triangle and is currently below its best price level
Levels mentioned in chart !!!!
Ready for a CAKE party?Cake making a symmetrical triangle here,(could break either direction but looks strong bullish).
MACD also squeezed.
Will Grandpa BTC allow for the part?
Technical Analysis of PancakeSwap 'CAKE USDT' in a 4 hour TF 'CAKE' USDT is making an Ascending Pattern in a 4 Hour TF.
Yellow line is the Trendline Resistance, and for Cake to go Bullish it needs to give a breakout past this line. Next Resistance zone is marked in Grey at 26
Support zone is at 16.80 - 17.80, if there is a pullback, it needs to Hold the price at this range, or else Support would be broken, and we might see a correction, with next support at 15.
U can also hold this coin in spot Trade for a short term.
CAKE idea updated.CAKE might be bearish till the end of the week, but the future is very bright. And also, Pancake Swap must be working on another pump too!
CAKE is not the coin to buy right now.CAKE has be following the Fibonacci for a long time now, currently in a downtrend. It bounced back from the 0.618 level on Fibonacci retracement. Wait for it to break out from any side before buying or shorting.
