CAKE : Are we left behind?Hello friends🙌
😉We came with a good currency analysis from the decentralized exchange Pancake Swap.
So you see that we have a good price support that buyers supported the price well after each collision.
🔊Now, considering the collision with this support, we can expect growth to the specified areas
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Pancake Swap (CAKE): Buyers Took Control Over EMAs | +22% ComingCAKE coin had recently dumped below the local triangle pattern, which would have been a good entry for a short position, but buyers took back control, it seems.
What we see is a slight pressure and dominance from buyers, which glides the price near the broken trend area, looking for explosive move
Pancake Swap (CAKE): Had a Good Breakout, Aiming For Upper AreaCake coin has done a nice upward movement since last touching the supportive trend, where the price has made so far 25% of the market price movement. We are now aiming to see the price reach as high as $2.90, from where we will be looking for smaller corrections to lower zones.
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CAKE/USDT – Head & Shoulders Breakdown in Play Pair: CAKE/USDT 💱
Timeframe: 1D 📅
Pattern: Head and Shoulders Top 🧠
CAKE is developing a clear head and shoulders pattern on the daily chart, often seen as a bearish reversal setup. Price is currently testing the neckline support around 2.18, which also aligns with an ascending trendline. A breakdo
Pancake (CAKE): Breakdown From Bullish Support Trend | BEARISHWell, we had a nice ride since last time, where price reached the pressure point and now is showing downside dominance, where sellers are dominating and resulting in a breakdown from the local support trend.
We are looking for further sell-side dominance and possibly a good ride to lower zones her
CAKE/USDT R/R:6CAKE is holding strong above the key $2.20 level. For over 550 days, it has been consolidating within a gigantic box structure — a powerful pattern indicating potential for a major breakout.
This extended accumulation phase suggests significant strength, and any sustained move above the upper bound
#CAKE/USDT#CAKE
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move with a breakout.
We have a support
#CAKE/USDT#CAKE
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading towards a strong breakout and retest.
We are experiencing a rebound from the lower boundary of the descending channel, which is support at 2.35.
We are experiencing a downtrend on the RSI
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of CAKE / Tether USD (CAKE) is 2.3371 USDT — it has fallen −3.79% in the past 24 hours. Try placing this info into the context by checking out what coins are also gaining and losing at the moment and seeing CAKE price chart.
CAKE / Tether USD price has risen by 4.57% over the last week, its month performance shows a −4.62% decrease, and as for the last year, CAKE / Tether USD has increased by 25.15%. See more dynamics on CAKE price chart.
Keep track of coins' changes with our Crypto Coins Heatmap.
Keep track of coins' changes with our Crypto Coins Heatmap.
CAKE / Tether USD (CAKE) reached its highest price on Apr 4, 2022 — it amounted to 10.9000 USDT. Find more insights on the CAKE price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
CAKE / Tether USD (CAKE) reached the lowest price of 1.0500 USDT on Oct 20, 2023. View more CAKE / Tether USD dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The safest choice when buying CAKE is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade CAKE right from TradingView charts — just choose a broker and connect to your account.
Crypto markets are famous for their volatility, so one should study all the available stats before adding crypto assets to their portfolio. Very often it's technical analysis that comes in handy. We prepared technical ratings for CAKE / Tether USD (CAKE): today its technical analysis shows the buy signal, and according to the 1 week rating CAKE shows the buy signal. And you'd better dig deeper and study 1 month rating too — it's neutral. Find inspiration in CAKE / Tether USD trading ideas and keep track of what's moving crypto markets with our crypto news feed.
CAKE / Tether USD (CAKE) is just as reliable as any other crypto asset — this corner of the world market is highly volatile. Today, for instance, CAKE / Tether USD is estimated as 9.59% volatile. The only thing it means is that you must prepare and examine all available information before making a decision. And if you're not sure about CAKE / Tether USD, you can find more inspiration in our curated watchlists.
You can discuss CAKE / Tether USD (CAKE) with other users in our public chats, Minds or in the comments to Ideas.