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Pancakeswap

PancakeSwap #CAKE to 31 $ ?After seeing how the target of $ 25 was perfectly met as I mentioned in my old publication, we can see again the formation of a triangle, which should break up at the end of this month, obtaining as a target $ 31 that would represent the 61.80% fibo of the May correction. However, I believe that if the market remains bullish and we continue with the respective token burn, we will be able to see an even stronger momentum up to $ 36.86 which represents the 78.60% fibo. Cake is undoubtedly one of my biggest bets in the remainder of the year and I hope to see it reach high prices, which I will share with you later in my next reviews.
CLong
by TheLuckyLeandro
4
CAKE, a long term vision. CAKEUSDTHello my friends, A multi timeframe analysis of CAKE and a long term vision for investment. The price breakup the major resistance and usually after that will pullback to level as a retest. So If the price fixation in this area I expect price growth. You can consider it and the price actions in the circle to buy it. Good luck If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below for me
Long
by ArashBanakar
8
CAKE Consolidates Within Ascending Channel, Eyes Breakout to $28-CAKE has risen 27% over the last week -Price has been stuck within an ascending channel -50MA has held as support for a month Pancake swap has been in a strong uptrend for nearly a month. The rest of the cryptocurrency market has been going berserk as many coins have been surpassing their all time highs. CAKE has been working its way up to its major resistance zone ever since the start of August. Compared to other coins in its class, CAKE has yet to fully breakout and experience a parabolic push. As long as BTC stays steady, CAKE should soon experience a large parabolic push back near $30. Shown in light blue, we can see how price has respected the ascending channel extremely well over the last month. It has kept price very tight with little swings. Each time CAKE has touched either trend, it has gotten pushed to the opposite. At the time of writing, CAKE is attempting to breakout of the top trend line of its channel. Along with this top trend lies the major resistance area found at $24.56-$26.53. If Bulls manage to clear this zone along with the top trend line, we may see CAKE surge to its given targets. Consolidation within this resistance zone is likely to occur as its one of the largest areas to break for CAKE to go parabolic. In this case it fails to hold this resistance zone, price will first find support at the bottom trend of its channel. This area is also near a major support level of $22.98. If bears push price down to this level, there will likely be some type of bounce. In addition to these two supports lie the 50MA. This MA has held price up for a month. If at any time CAKE breaks below this, expect a downtrend to occur. 

 While looking at the Stochastic RSI, we can see that strength is hanging out within the over bought territory. CAKE must break out of its channel soon or it will begin to lose strength. Breaking below the 80 value will likely cause a retracement to occur. The RSI has been attempting to break a downtrend line for many weeks now. For CAKE to really see some explosive growth, price must fully break this downtrend line & aim towards the overbought region. CAKE Intraday Analysis Spot rate: $25.33 Trend: Bullish Volatility: High Support: $24.56 Resistance: $26.53
by CoinGape
HONEYBEAR FINANCE IS HOT!OK so it's been a big drop but look at the Boll bands dialing in and the cloud pulling out of a dive and leveling out and LOOK at all the volume is green. Ok if I run the fibs on this to measure the power of this tide it is gonna be huge we should see consolidation from here and then energy will build up for a nice size wave up after that. Of course after a big drop just before. I like the rates BEAR is Paying for farming and pools but if I see Bear close below 490 on the daily I'm out. But I think the real gem is this toke HONEY. It is the layer 1 token and should be worth the most. I have it pegged at !30-137 for a buy. Bear is probably valued at around $900 and Honey should go back to the $400's. When layer 3 comes out I think it will be GEM coin and You will want to have all the BEAR and HONEY you can get because the only mintable token from layer 3 could be GEM so these 1st layer tokens are the ones that are limited time to get the funds in the project then we will see if they do what the promised or do a rug pull. but the next few weeks will be exciting on these layered finance tokens farmable now on beefy finance and honey bear finance 9-13% a day and pools for 4-6 % a day...WOW!!! BIG MONEY! awesome platform very smooth and the exchange feature utilizes pancake swap.
H
by FLASHGORDON10
#CAKE, #PancakeSwap is approaching resistance: potential +24%!A quick look at PancakeSwap (#CAKEUSDT, 1D, Binance): According to CoinMarketCap, "PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return." The token registered an impressive +98% gain over the last month, following the trend of the overall market. Main Points Price approached resistance at $21.17. If it flips it to support, price could easily head to $26.28 for a +24% profit. If rejected, closest support level is at around $19. Strategy If price breaks the resistance (wait for confirmation) : TP1: $26.28 SL: n/a(*) If you want to read more about PancakeSwap on CoinMarketCap, click here . What do you think? Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome. But if you enjoy my chart, please like, comment or follow me. :) Thank you and Happy trading! (*) I do not use Stop-Loss for the simple reasons that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash. ------------------------------------------------------ Some of my charts represent actual trades, and some are just paper trading. Needless to say, this is not financial advice!
by BitfulMind
PancakeSwap (CAKE) - August 10Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (CAKEUSD 1W Chart) If the price is maintained above the 15.1757179-16.1961041 section, it is expected to create a new wave. (1D chart) If the price is maintained above the 20.0044522 point, we expect the uptrend to continue. If it goes down, we should see support and see if we can move up the key zone of 10.8786252-16.1961041. 'How far will it rise...' 'If you know this, you will be able to realize profits...' So, if you look at my chart, unfortunately, you can't tell. Setting a target point is a good habit for good trades. However, it must be a target point that you set yourself. A goal set by someone else is practically meaningless because it's likely to be unbearable until you reach that goal, and your goal point may change along the way. If you dare to set the target section on this chart, you can set it as the 38.3519782-40.8453058 section that forms the high point section. Will you be able to climb all the way up at once to reach the goal section? Will it be able to overcome the volatility that shakes up and down to the target section set by others? “Where will the purchase principal be recovered from?” You need to think about this. 'How to increase the number of tokens remaining by recovering the purchase principal' ------------------------------------- (CAKEBTC 1W chart) There is nothing to tell from this chart. However, if the price is maintained above the 26870 Satoshi-29030 Satoshi section, it is expected that the upward trend will continue. (1D chart) If the price holds above the 34500 Satoshi point, it is expected to turn into an uptrend. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:CAKEUSD
by readCrypto
1
CAKE Approaches Major Resistance Zone-Cake has risen 23% over the last week -Price has been respecting an ascending channel the last 2 weeks -30MA continues to hold as support Pancake Swap has been a laggard over the last few weeks as it has still yet to break over its major resistance zone (shown in grey). After much hype around this platform in April & May, the talk has since died down, along with the price. With the general market flashing bullish signs the last few weeks, we can assume CAKE will soon make its way higher to levels traded at earlier this year. The technology along with CAKE brings great utility & as long as the usage of the platform continues, the price will reflect it. Over the course of the last month, CAKE has firmly bounced twice off its major support of $11.00. This printed a clear cut double bottom, which is bullish sign that prices will not go below that mark for some time. CAKE has been stuck within a bullish ascending channel the last few weeks that has brought prices up nearly 62% from its low set in late June. Bulls must now break & hold the major resistance zone of $17.20-$18.20 to really see some large price spikes. Throughout the ride from $12.00-$17.50, CAKE has been held up by the 30MA. This mark is good to reference over the next few days as a break below this will likely trigger a short term bearish trend change. This MA is also near the bottom trend line of the ascending channel. Both of these marks must hold or CAKE will revisit $15.66 & below. While looking at the RSI, we can see that strength has been hangin out above the 50 value, continuously peaking into the overbought territory. For the past few weeks, the RSI has been holding above a support line which is shown in black. Strength must continue holding this support to be in position to break over the major resistance zone. The MACD has been trending sideways for nearly 15 days which indicates some bigger move is on the horizon. A break to either side will trigger price to follow. CAKE Intraday Analysis Spot rate: $17.58 Trend: Bullish Volatility: High Support: $15.66 Resistance: $18.25
by CoinGape
4
CAKEUSDT (PancakeSwap) - Coin of the Week PancakeSwap is an automated market maker (AMM), a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. It's a decentralized exchange for trading BEP20 tokens on Binance Smart Chain that debuted in September 2020. Users of PancakeSwap trade against a liquidity pool using an automated market maker mechanism. Users deposit cash into these pools in exchange for liquidity provider (LP) tokens, which are used to fill the pools. These tokens can later be used to reclaim their share of the pool, as well as a portion of the trading fees. These LP tokens are known as FLIP. Technically, the PancakeSwap chart has a similar pattern with the bigger market cap cryptocurrencies. On the 4h timeframe we see a consolidation in the making that has a higher probability of going to the upside. If the blue trendline is broken sharply with a decisive candle and a consolidation occurs after that, we should take into consideration a retest of the support area (lower probability). Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by financialflagship
14
🔥 CAKE Potential Long Term InvestmentCAKE has been on my radar for quite some time now. It has a lot of great things going on with their staking, lotteries and prediction game. With Bitcoin falling, CAKE is becoming a better long term investment by the day. Assuming that pancakeswap will become bigger with time, CAKE will naturally follow. I'm eyeing the red support area for a potential buy into a long term hold. Assuming my theory that the current bear market is a mid-cycle correction is correct, I'm expecting CAKE to perform much better in the future. That would mean that a sub $10 would be a great buy, right? Happy trading!
by FieryTrading
18
PancakeSwap (CAKE) - July 18Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (CAKEUSD 1W Chart) If the price holds above the 9.0760290 point, it is expected to maintain an uptrend. However, since the support section is weak, it is recommended that the price rise above the 16.1961041 point and maintain the price. (1D chart) If the price is maintained in the 9.3962999-17.7234416 range, it is expected to turn into an uptrend. However, if you touch the 9.3962999-10.8786252 section, you have to watch for a sharp rise. If it falls from the 9.3962999 point, it is expected to enter the mid- to long-term investment area, so you should also think about it. In order to continue the uptrend, the price must rise above the 20.4991555 point to sustain the price. ------------------------------------- (CAKEBTC 1W chart) If the price is maintained above the 26870 satoshi-34500 satoshi range, it is expected that the upward trend will continue. (1D chart) If the price is maintained in the 40530 Satoshi-53580 Satoshi section, it is expected that the upward trend will continue. If it falls from the 40530 satoshi point, it can touch the 20950 satoshi-27480 satoshi section, so Stop Loss is required to preserve profit and loss. However, since you can touch the 26870 Satoshi-34500 Satoshi section and rise, you should also think about preparing for it. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L : Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:CAKEUSD
by readCrypto
3