Huobi Token (HT) is interesting here w. their new own ecosystem.HT (huobi token/ 2nd largest exchange in the world) recently released their knockoff version of Ethereum similar to what BNB did. The transactions are 1/10 of one penny. Lots of new projects are being released on their chain (defi, dex, ect.)
BSC
CAKE, PancakeSwap - Top 20 incoming ?Hello all,
The CAKE/USDT and CAKE/BUSD pairs run like clockworks these days. Even during the weekend drop, all major levels were respected and the price reacted perfectly upon touching them. Yesterday we saw the pair dropping all the way down to the very, very solid resistance at $19, so now I think we can assume it turned into support on the daily chart (yet to be confirmed on the next test of that level).
So, the price reacted immediately and the trading pair went back into the old $21.5-$25 trading range. Also, regained positions above the 21-day EMA and the diagonal uptrend line.
The bullish scenario here will be to form a solid bullish engulfing candle on the daily chart, then make a quick move to $25 (probably fueled by the recent token burn and the upcoming IFO) with an extension to $45. Such a big move will result in 91 percent of price increase. When added to the current marketcap, it will place CAKE at #22 on CoinGecko's Top 100 list, still way behind the leading DeFi project - UNISWAP.
The bearish scenario will be to loose the range and close below $21, which will put the CAKE/USDT pair in position to re-test the support line at $19.
Regards
Bullish on CAKEIn my personal opinion, $CAKE could go up to 37$ in mid-term.
As we can see, even though the market dropped we touched the bottom line of the parallel channel and now we are riding the reversal patterns.
Pitchfork is showing us going straight up through fibonacci levels. We should withstand the support line and aim for the middle line of the parallel trend channel.
In case we fix in the middles, there is a high probability of us touching the upper side of the channel, which could lead up to 37$ level.
Goals: 24.7 - 26.7 - 28.3 - 33.7 - 37
SL: 21.2
CAKE Price Trend AnalysisI graphed trend lines - one based on the all time lowest low, then lined it up with the recent 2nd swing low in mid April. I did the same with the previous ATHs.
Please give me any feedback or critic, as I would love to hear from another experienced trader. Should I have connected the lower trend line to different swing low, or was my positioning accurate?
Ready to eat more CAKE? @SmileyTradesHello Traders!
Looks like CAKE has triggered our entry for the Meso Degree setup! Looking for a break of ATH and a target of ~$31.2!!!
Take note...the Stop Loss for the Meso setup is pretty close to the Entry of the Macro setup so make sure you are position sizing accordingly!
Key levels on the chart.
I'll update again if we get either a break of ATH or a Stop Loss of the Meso setup. I will definitely keep my eyes on this.
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
BAKE Trading IdeaNot financial advice, DYOR bla bla.
First time posting an analysis here (mainly beacuse it’s the first one i spot by myself, not too much free time)
I predict Bake is going to have the same pattern for the last time before changing behavior.
1.75-1.80 is a good entry point imho
2.00 First target
2.25 Second target
2.50 min last one, too risky going forward.
Good luck y’all, stay safe.
Binance Secure Chain Index I've created this ticker myself to get an idea on how BSC projects perform as an asset class. I may not have all of the BSC assets in this index so if you know any other worthwhile projects, let me know.
Anyways, I am seeking an entry to BSC and looking for possible consolidation around 0.00185 levels. If it reaches there, I might get bigger positions in the BSC projects.
Cheers to those have eaten CAKE! @SmileyTradesHello Traders!
We have finally met our Macro degree Target! A big congratulations to those who took this trade with me.
I must say, it's been a trade with bottom entries and top targets! It's been ~250% in price gains from Entry to Target! Great trade.
I've included what's next for CAKEBUSD on the chart. Pay attention to how price begins to consolidate after the Target has been met; it will tell you how bullish/bearish it is.
Key levels on the chart!
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
Liquidty run + Cup and Handle + Bull Flag$BZRX broke the major resistance and turned it into a major support. It's also respecting the diagonal trendline and creating a squeeze and Bull Flag formation on top. Given that we already have a major cup formation a break through here might push this coin back up to 1.6 and beyond
$BNT Up Only. It's TimeMy $BNT bag has been very heavy. Bought more on FA than technicals. OBV Volume breaking out, could mean higher prices ahead. $10 to $15 by end of April, $25 by Summer would be my guess. $vbnt burn is live and exchange supply is ATL's. Most $BNT is staked in the platform, roughly 70-75%.
Prosper PROS/ETH - Cheap BUY! LP Staking starts tomorrow!!!
About Prosper
prosper.so
World's first prediction market with the on-chain liquidity aggregation.
Working Product - Currently only 4.5 million tokens in circulation 100 million in total
Partnerships with Binance Smart Chain, Chainlink, Polygon, Avalanche, Polkadot, Tron
Currently in Beta and running prediction mining event on the Binance Smart Chain at beta.prosper.so
LP Staking starting tomorrow April 8th, 2021 - Info here medium.com
Very little marketing / promoting up to now so very much under the radar
PROSPER'S LP staking program
From April 8th, 2021, 410,400 $PROS tokens will be rewarded , in addition to the current staking mining campaign of 291,600 $PROS tokens.
To elaborate, approximately $2,000,000 USD worth of $PROS tokens will be distributed via liquidity pools.
The rewards will be distributed on an hourly basis with a 7 days vesting period from the claim action.
The process will happen on our own platform,
Staking happens on the PROS/USDC pair,
Stakers will need ETH in order to pay the gas fees.
Total reward pool: 410,400 $PROS
Daily reward pool: 9,120 $PROS
Hourly reward pool: 380 $PROS
During the LP staking program, the user may choose the lockup duration, which will reflect on his reward ratio. The lock-up period starts from the moment of staking.
OPTION 1 14 days lock up: x0,75 reward return ratio;
OPTION 2 30 days lock up: x1 reward return ratio;
OPTION 3 45 days lock up: flexible return ratio;
Dia the futur LInkHe break the resistance, next resistance 1000 sat.
Here we go.
Market Cap
$91,525,638
Circulating Supply
28,271,916 DIA
He's in the Binance Smart Chain (BCS) now :)
medium.com
BNB- Short closedPersonal Reference only. not trade advice.
Short closed at 561. This is just the warmup. ID'd the new support line. GEEEEZ i wish i could sleep with open leveraged positions lol. Just can't seem to shut it down or i'd have longed it at 561. Good night. 30 point swing on 1000bnb. Tomorrow night is going to be even bigger. Eyeing the .50 or .318 fib retracement levels ($450 and i forget the other one bc i can't look at the chart while typing.
Opened a long on XLM and ETH. not there yet. This was just a long squeeze. Not alot of real asset transfer. Which is good for tomorrow.
Pretty damn awesome about ETH and BTC. holding up price over the past 7 days while BNB and XRP combined to add $100 BILLION to their caps. With CZ Binance adding like 13,500 btc to the BNB treasury to support BTCB....i suspect he has an idea where all the BNB and CAKE selloff is going tomorrow....
If you are heavy-long BNB, carry onStrong vs. BTC:
And this is vs. USD...
Trade this fun yellow coin's future on the best exchange in the world: ftx.com
$BNB Critical UpdateBNB has had an amazing run up. A small correction / relief was needed.
After printing a double top we have broken the 20EMA level.
There is a good possibility we test the 50EMA which would level out near the trend support.
BNB is super bullish , there is a token burn coming very soon according to CZ. This token burn will remove BNB from supply. Simple supply & demand would correlate to a upward price action.
If price can consolidate above 20EMA level, we would continue further up.
XVS / USDT Venus early breakout in baseXVS Venus early breakout while it is building a base. 10-13% Stop Loss.
1st Profit target: 35% to major resistance at previous ATH. I plan to see how the market is and will probably hold 50% of my position to see if it breaks thru resistance after a rejection. Follow on profit targets if it breaks thru resistance: 50%
I expect Venus to hold above the trendline as circled.
Venus is a Binance Smart Chain project, and therefore should see some tailwind momentum following BNB's epic rise the past few days.
Accumulation football under $5 for SXPSXP
- Owned by Binance
- Mobile wallet software
- Requires SXP for everything, including withdrawal
- Not allowed for USA customers (now we know it's good!)
- 80% of SXP fees are burned, 20% goes to dev team
- Sick debit card that provides cash back in BTC and somehow doesn't liquidate the crypto that backs the purchases
- Large financial incentives for SXP whales. Think FTT & FTX. Few hold it despite tremendous upside.
- Linked to defi and already well-respected in BSC. Allowed as collateral in Venus etc.
- All kinds of stuff is ripping vs. USD and SXP looks like its next up
CAKE Meso Target Met, Macro coming! @SmileyTradesHello Traders!
Hopefully, some of you have been paying attention to my analysis for this coin! So far, we have had some seriously amazing trades that have led to insane profits!
I will mark the previous setups for your viewing pleasure (maybe to instill confidence within my trading).
For now, even though we have met the Meso Target, we are still waiting for the Macro Long Target to be met at $26.30. In the meantime, IF price allows it, there is a Micro Extension that we are observing to see if price trades, but also some Meso degree setups below us as marked on the chart.
Let's allow price to develop, ideally in our favor ;)
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
BINANCE #BNB TO HIT $500. THEN ONTO $1000, I WILL SHOW YOU WHY!I COMPARE BINANCE TO COINBASE
THE FIRST CRYPTO IPO IN THE WORLD!
