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CAKEBNB

CAKE sidelining CAKE REVIEW Rough consolidation for CAKE, just experienced a bad event recently with the DNS attack, luckily the team managed it really carefully. Most of the value of CAKE remained because of people staking it and using farms for rewards. Price action could be explained by less buyers in and more early adopters selling to invest elsewhere. Lack of new incentives to buy $CAKE is reason why price is slowly dropping. As long as TVL remains high and solid, I wouldn’t panic. The fact that the price is under the 200EMA in the 4H chart makes me kinda bearish, but when we zoom out to the daily we are only near the 50EMA, which is still fine for now. RSI has been under 55 for the main time since mid February (but never went completely oversold)which shows that a lot of people are still holding and staking. Pancake is willing to be the Uniswap of Binance, for so it has revamp itself, which is going to happen before June 30th with CAKE V2 to happen in Q2. On a fundamentals perspective, I am really bullish on CAKE since they are planning to change the contract for migration and develop: * The ability to create a referral program (users can earn a percentage from referral fees). * Adding an automated buyback and burn mechanism (from trading fees). * Enable automatic compounding on syrup pools. * Enable access to minting logic; governance votes decide on emission rates. * LENDING & BORROWING PancakeSwap is currently working on a Minimal Viable Product (MVP) version for lending and borrowing. The high demand for such products can be seen in projects like Venus, which is currently the project with the highest TVL on the BSC. PancakeSwap wants to be able to offer this service to its users as well. The fees generated by lending and borrowing would be used to buyback and burn $CAKE. This product will be released after the release of their prediction market. These are the reason why I would buy more if ever we would retest the red support at 5$. Otherwise I’d keep staking in the syrup pool and earn juicy CAKE that I would sell not less than 22$ Cheers
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by OobCast
CAKEBUSD (CAKE) - POSSIBLE PRICE ACTIONS ANALYSIS 🔎 - CAKEBUSD is consolidating in a symmetrical triangle pattern . - A relatively big move is imminent. POSSIBLE PRICE ACTIONS - Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance and the horizontal resistance level (R1). - Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support and the horizontal support level (S1). TARGETS 🎯 - Uptrend ⬆️: Horizontal resistance levels (R2, R3, R4). - Downtrend ⬇️: Horizontal support level (S2).
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by Chibuike_Odoh
CAKEUSDTThis is my first look into PancakeSwap token also called CAKE Launched on Binance Smart Chain . The hottest blockchain right now. It made an ATH on debut on Binance exchange of $18 Been on a downtrend ever since to find balance, solid base where it can begin a definite move. I guess many FOMO'd buying top on launch, while whales traded gains on Long and Short . Downward trend found balance at near $10. Volume show down trend accordingly. RSI similar trend since launch. Major Milestone on chart for CAKE to work out . Once overcame, it start ascending journey. Hopefully BTC does not pressure it to break below $10. Overtime CAKE is good choice. Follow 🚶 Like 👍 Share your thoughts !
Long
by CryptonKidd
4
Cake Presents A Buy OpportunityBINANCE:CAKEBNB - 4H Pancakeswap and its accompanying CAKE token have taken DeFi by storm since the beginning of the month. Overall BSC has added 9B in TVL since the end of January. Much of that added value has gone into PCS vaults, which spurred its volume over Uniswap's yesterday. A couple weeks ago I argued for a potential Tron run based on an influx of DeFi refugees and new entrants. Tron succeeded in attracting people but nowhere near the scale of what BCS & PCS have done. I'm fortunate to have previously entered CAKE, but I'm also looking for good additional entries as I believe this run has another month or two ahead of it. The pairing with BNB presents a challenge as BNB has absolutely rocketed in price the past two weeks. Nevertheless the CAKE:BNB trade has been in a consistent up trend on the 4H since late January. I won't pay much mind to the massive wicks pushing the price up, but I am interested in the bottoming out that may have just happened. I think .054 may have been the floor, as that candle was predated by the largest sell volume CAKE has seen in its existence and it bounced back nicely. But I'm looking for a candle to rocket up the near juncture of the bottom trendline & EMA sometime tomorrow. If that doesn't happen, and CAKE surges up I'll move in somewhere between .0615-.063 depending on closes. Generally speaking the difference between .0535 and .057 BNB isn't that much at present. So if you have no cake and are looking to long into triple digits, there's little reason to delay. Short term .076 would be a good exit target. This isn't investment advice and trading cryptocurrency is high risk.
Long
by LoDoCrypto
CAKE/BNB - CAKE gaining quickly, after epic crash Pancakeswap.finance is doing pretty well, as CAKE has more than doubled over the last couple weeks. We are reaching levels from prior, and looks like at this pace they will be surpassed quickly. If you are farming LP tokens, you might want to rethink your strategy. Currently, 1BNB = 21 CAKE. About a week ago, 1 BNB = 23.8 CAKE. This may continue to lose, as CAKE is the UNI of BSC. (Dex's are popular, decentralized exchanges, that is why I have picked this one.) Plus - this is addictive, easy to use, and fun.
Long
by Shwayze
12
CAKEBUSD - Neutral, with potential reversal signsTo keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome. Trend: bullish (HH, HL), but getting harder to make HH with reducing volume Note: - Hard to get a read on this chart. Potentially forming a rising wedge that could break down. - Volume decent, but decreasing Trade: - No clear trade that I see. - Could continue upwards if we break/close above 4H resistance. Would trade the breakout and retest - 3 decent wicks above resistance tho, buyers could be getting exhausted and we could retrace to 0.618/D1 support level
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by Sidders
2