As you can see in the chart, the price of CAKE has experienced significant growth after a period of decline and volatility. The price bounced back from the $1 support zone and has since experienced another minor increase after a pullback to the $2.50 demand level. The price is currently trading at $3.20.
By examining the behavior of candles in the long-term time...
What we are experiencing right now is price reacting to the resistance for the third time. Haven't done that I expect BINANCE:CAKEUSDT to stretch to the 50% Fibonacci level to complete an Expanded Flat for wave 2 before the bullish momemtum returns.
There is another scenario that suggest going lower but to keep it simple I will let this unfold first. Stay...
Hello everyone,
first of all, please take a look at my recent ideas on the pair (CAKE/USDT) from back in
FEB 5th:
& March 7th:
NOW,
I can imagine two HIGH PROBABILITY scenarios with different timings yet exactly the same target for the near term future of (CAKE/USDT)
both of which are drawn as paths on the chart.
Scenario A: RED PATH / lower probability...
For a long time, we haven't looked at Pancake Swap Coin. We are seeing a good chance of reaching that 100 EMA in the daily timeframe (which would also break the triangle formation we are seeing).
If we reach that zone, we will be looking to trade below that 100 EMA!!
Swallow Team
#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
📊Analysis by AhmadArz:
🔍Entry: 3.987
🛑Stop Loss: 3.859
🎯Take Profit: 4.114-4.185-4.265-4.334
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
#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...
💎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?
