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CAKE

CAKEUSDT --> Missed the CAKE party? Try this entry!PanCAKEswap has been seeing some explosive growth. Here's me back at $16 with a ton sitting in a syrup pool wishing I just had of... haha, isn't the crypto life just full of near hits and misses? If you missed out on the CAKE party, here's some ways to get a seat at the birthday table. Its a classic case of the FIB support play. If we come down further, have a buy order set for either of the 2 green buy zones I have charted. Being active in these trades with a stop limit is ESSENTIAL. Do not floopflop around with this trade idea if you aren't using a stop limit, that would be crazy. Until further patterns develop, these are some decent plays. Lastly, be careful over the next few days, BTC isn't exactly out of the woods, we have some major resistances to break coming up and there's a chance at all of them that we experience what we did today, a VERY sharp rejection. -=-=-=-=-=-=- CAKE TRADE -=-=-=-=-=-=- BUY: $34.5 OR $32 TARGET: $44 STOP: 5% BE TIGHT WITH IT!, when catching a falling knife you gotta be careful, otherwise it may just go straight through your hand! -=-=-=-=-=-=- --==--==--==-- Fundamentals --==--==--==-- Rank #25 Market Cap = $6,200,866,276 DEFI Supply: 160,447,894 --==--==--==----==--==--==-- *Tokenomics are good, they burn lots... actually they may be really good tokenomics. I have used the dapp a bit, they always adding new things. Very active project. Is it worth $40? is it worth more? ... if we assume further growth in crypto... defi is a massive sector... yeh look maybe $100 for CAKE eventually?
Long
by tommytoan11
10
Bake cake!Hi fellas lets talk about $Bake boys BakerySwap is a decentralized automated market-making (AMM) protocol that is based on the Binance Smart Chain (BSC). The BAKE token is a native BEP-20 governance token on the platform.Users have the ability to earn BAKE tokens by providing liquidity on BakerySwap, and BAKE holders can use their tokens for governance voting and to receive transaction fee dividends. The BAKE rewards are offered in several liquidity pools, initially including BTC, ETH, DOT, LINK, BUSD and BAKE versus BNB targets 7 - 7.5 - 8 - 9 stop loss 5.5 - 5 - 4.5
BLong
by amirsediq
CAKE looking for continuation Here's a quick look at CAKE 30 min chart. As we can see, the price is right now printing a bull pennant which is a continuation sign. CAKE had a great run and could easily go higher from here! Keep an eye on CAKE! The idea is: Buy the breakout from the falling channel and Take profits at the levels shown in the chart. Targets: 1. 42.5$ 2. 44$ 3. 47$ 4. 52$ Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
4
CAKE Rides Channel To ATH But Weakness Is Showing-Cake has held steady in a channel for over 7 days -20MA has supported the price throughout the bull trend -Major support lands at $39.85 CAKE has had awesome week, rising nearly 100%. The bulls heavily grabbed low prices of $23 as cake rebounded like a cannon. Since the dip, the price has been steadily respecting an ascending channel with a high of near $44 at the time of writing. For CAKE to continue its uptrend to a new ATH, it must break & hold key resistance of $43.7. The bears have been defending this level well the last 2 days as it coincided with the top trend line of the evident price channel. Throughout the run, from low 20s, CAKE has been held up by the 20 MA. Major support for cake comes in near $40. The price has risen drastically the last week so the current supports cannot be depended on very much. If CAKE breaks below its bottom trend line of its ascending price channel, It will fall to the $39 range. This is the most probable scenario after such an explosive 100% run. If this zone cannot hold, CAKE may be in for a larger fall to major support of $36.20. Confirming a potential bearish view, the MACD has just crossed bearish for the first time in 48 hours. The histogram also printed a bearish tick. The RSI tells a similar story as the well respected trend of the last week has been broken. CAKE intraday levels Spot rate: $41.68 

Trend: Bullish 

Volatility: High 

Support: $39.84
 Resistance: $43.73
by CoinGape
4
CAKE 4X!Good indicator for the price of exchange token is the volume of the exchange. It is the trust and also part of the revenue flow into the token. Pancakeswap has volume 200M more than Uniswap. Pancakeswap is just all the time increasing the popularity since the fees on ETH network has made it impossible for majority of users to trade on Uniswap. Yet Cake the native token of Pancakeswap is 4X lower at price than UNI the native token of Uniswap. This means that it's only a matter of time before the token follows the exchange and takes over the UNI same way as Pancakeswap took over Uniswap. CAKE is being burned at increasing speed since the more volume the more fees collected and more CAKE burned. It's a matter of time for the CAKE token to over take the UNI in trading volume and thus over take it in mcap as well.
Long
by SolidPosition
Pancake Swap - $CAKE - Strong Despite BTC WeaknessDISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed financial planner or investment advisor. Cryptocurrencies carry a lot of risk and you could lose everything when buying and selling them. I will not be held responsible for any losses or gains as a result of my content. Please DO YOUR OWN RESEARCH before making investment decisions.
Long
by brendanwenzel
4
ATOM ETHI know many of you are new to crypto, so consider yourselves lucky if you see this. Atom is about to pump and shake the crypto verse. It has broken out of a long term major downtrend and has been testing/ accumulation above previous resistance for a while now. Selling looks exhausted, and there are several bullish patterns forming. I dont think you guys are ready for whats next. Atom tends to pump hard, so if you miss out you miss out. At this point you should definitely have a decent amount of exposure on Atom. Im currently looking at the ATOM/ETH pair since i believe ETH will pump and take ALTs with it to the promised land. So not only will ATOM generate more ETH, ETH will also pump and go up in USD. In other words, ATOM/ETH Go up up= more ETH = more USD= ONLY UP UP FROM HERE. This is not financial advice, i am not a financial advisor! What you do with your money is up to you. I can only show you what i see.
Long
by Oroboros-
1
Killer CAKE!Someone call the police because CAKE has been killing it and it does not want to stop. As the premier DeFi project on the Binance Smart Chain, CAKE has been growing in leaps and bounds. CAKE already hit the $38 dollar target and appears to have another 2x or 3x in it before it slows down. At the time of writing CAKE is sitting at a market cap of 6.4B dollars. I expect it to quickly catch the likes of LINK (14B) and UNI (21B). Looking at the technical the RSI is still looking really good. During it's first pump in February it reached RSI levels in the 90s three seperate times before price action finally started to fall. I also don't see a rapid crash in the price of CAKE given all the CAKE currently accruing interest in liquidity pools. The price looks to be moving within a pretty tight parallel channel. If it stays within this channel we can see it hitting 56 within the next week or 2 or even 90 by the end of May. A break above the channel could have us flying into the stratosphere and 127 would not be surprising. There's plenty of CAKE so come get a slice! BINANCE:CAKEBUSD
C
by variousCryptos
3
CAKE, divergence and explaination on where it would goCAKE's price is going up but the volume is low, this indicates a divergent situation. RSI is overpriced, this could be a phenomenon called power zone, where the price will keep going up due to retail's excitement. so, based on my analysis the price will keep going up until $46-47 and then going down to the trend line i draw. im using snr and trend line drawings, and i use RSI and Volume indicator for this analysis. i hope my analysis could help you to make your decision, best of luck to y'all
C
by papacan
1