PANCAKESWAP expecting more gain as CAKE becoming deflationaryreasons:
1. Pancake V2 product incoming next week Auto-compounding $CAKE Syrup Pool, prediction market.
2. Every trade you make on the V2 exchange will burns $CAKE.
3. more product/features incoming
4. but be cautious of possible cooling down to the 100 SMA yellow line.
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!! That is my personal hope & observation nor financial advice. I am not self-claimed pro/wizard TA analysist lol.
just documenting my own reasons of my investment & trading.
Pancakeswap
🔥 CAKE Ignoring The Sell-Off: Buy OpportunityCAKE is one of the coins which is seeing an amazing influx of new buyers after the big BTC drop of today.
One reason for that could be the fact that CAKE is currently seeing a very strong uptrend, potentially going parabolic in the near future once it creates a new ATH.
Another reason could be that with BTC showing signs of uncertainty, people are flocking towards coins which are either non-correlated to BTC or ones that have a very bright future ahead of them. CAKE is both. Since it's the main coin of the PancakeSwap DEX, you could compare it with an early version of BNB. To trade on the PancakeSwap exchange you will most likely touch CAKE. Also, the current staking rewards are still around 100% APR.
All in all, I think that CAKE is one of the best long-term holds of this year.
Happy trading!
Pancake Swap - $CAKE - Gaining Strength Despite BTC WeaknessWe've been watching BTC struggle while alts have been gaining strength.
One of the top alt coins gaining strength is pancake swaps cake token.
I've been saying this for the last three weeks that pancake swap is massively undervalued and has a ton of upside.
There were only be a limited amount of time before the market fully catches up and properly values it.
SAFEMOON TO RENDEZVOUS WITH ELON MUSK IN SPACE!If you don't know about this coin... Well then now you do. This is a hype coin with outstanding performance and potential much like Doge...
With the exception of the Safemoon protocol being far superior to Doge in every aspect. Community driven, auto-liquidity response tokenomics which include:
10% Charge on Sell, 5% redistributed to holders, 5% 50/50 BNB liquidity. Means you get more coins everytime someone bottles out like a wimp.
Coin burn and static returns, this is the ultimate hype hodl poocoin!
Now having completed almost 500% just the past 5 days, you are missing out if you don't put some dolla in before the inevitable dip comes!
Please note: "The dip is temporary, failure to invest is forever." - (Me 2021)
As you can see by my wave analysis... it's going up lol.
More serious graphical info at:
coinmarketcap.com
Disclaimer: This is not financial advice. Buy the coin.
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
#CAKE, #PancakeSwap Breaking out of Formation?A quick look at #PancakeSwap (#CAKEUSDT, #Binance, 4HR):
Whether we see a wedge or a broadening formation, CAKE is broke up from it with a nice spike in volume.
If confirmed, it could be a good entry.
If it fails, price could go back to the $23-$22 level.
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!
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Needless to say, this is not financial advice!
Pancake - CAKEI'm buying some cake on the breakout of this falling wedge.
Cake and the defi market is only getting stronger. Pancake is a great swap site with lots of hidden gems. Good burning & good utility.
Pancake Swap - $CAKE - Great Recovery Shows Its StrengthPancake Swap, $CAKE, has had a GREAT recovery from yesterday and that further builds my already confident bullish stance on this project and coin.
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
Buying CAKE at $22.22 as It ConsolidatesI've been watching CAKE bounce around inside this triangle for a while now.
The idea is to buy one more time at $22.22 after just now selling at $23.50.
With the end coming soon, I'm likely going to wait it out the next time as I don't want to miss the exit of this triangle.
With BSC congestion at all time highs, I can't even imagine how big the volume on Pancake Swap will be for the last 24 hours.
What a steal in the low $22 range right now!
CAKE - Am I crazy?Short term targets are easy to reach. The long term target price could pus CAKE between 100 and 130$ in my opinion. Let's see the next Fibonacci of May/June crash what will tell us.
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
Next Run for PancakeSwap ($CAKE) to $30+ IncomingI expect CAKE to break out of this upward triangle to make its next run that will likely take it to the $30 range before moving sideways again for a bit. You'll notice it goes up 15-20% then pulls back to the previous high, moves sideways for a bit and then makes the next 15-20% jump.
I will be bullish on CAKE until they reach 80% of Uniswap's market cap. At that point, I'll move out of this position as they have way too much inflation to be able to hold a solid per coin value once they are properly valued.
1D time-frame chart, $CAKE ready to shot up above $50 Hi guys, this is my second TA about $CAKE. Before I start, please be aware that this is not financial advice.
If you guys are aware, $CAKE has formed a perfect parabolic teacup resulting in vertical shot-up in the coming days. But where will it go? the target?
So I revisit the 1D time-frame chart last February when $CAKE gains 200% price movement in just 11 days (11 bars). Together with that, Bitcoin also gains almost 50% price movement after Elon Musk announced Tesla buys BTC. Today, Bitcoin price comeback trading in around 60k and ready to shot up. I don't know what will happen in these 2-3 weeks, which big news will boost bitcoin price up to 50% which probably almost 80k. But along with that, it will also boost $CAKE 200% move up to $50.
Please refer to bitcoin and cake charts below:
CAKE.USDT (Y21.P2.E1).Setup completeHi Traders,
Here is one that is taking off.
1st resistance or target is 19.693
All the best,
S.SAri
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
PancakeSwap (CAKE) - April 9Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also ask for the "Like" clock.
Have a good day.
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Shortly after the chart was created, the support and resistance points are weak.
Check only the flow of the chart.
You should watch for any movement that deviates from the 19.4166740-21.9057849 section.
If you decline at 16.1961041, you need a short stop loss.
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(CAKEBTC 1D chart)
3289 Satoshi-3686 Satoshi should be watched for any movement that deviates from it.
The next expected volatility period is around April 12th.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
