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Pancakeswap

CAKE - Potential Head and Shoulders PatternCAKE shows what looks like a head and shoulders pattern developing on the 1D chart. Otherwise looks like it will be bullish long term, but looks to correct first. Looking for backup on the 4HR Chart, we see something similar, a bearish result. The MA100 crosses up and over the MA50, which is a bearish signal. The upwards movement is being rejected currently by the MA50, and may lead to further downward movement. The consolidation here would be at the MA200 on the 4HR chart.
CShort
by Shwayze
🆓PancakeSwap/BUSD Analysis (27/2) #CAKE $CAKECAKE is moving sideways around 11.5$ zone and with the support of MA50 line of 8H timeframe so we can expect a recovery from here to 14$ zone in the next few days. 14$ zone is very important and a selling force may be exist here to dump it to 7$ zone. But if CAKE conquers this zone successfully, CAKE will move up to 19$ zone easily 📈BUY -Buy: 11.2-11.8$. SL if B -Buy: 13.7-14.3$ if A. SL if B 📉SELL -Sell: 13.7-14.3$. SL if A -Sell: 18.5-19.5$. SL if A ♻️BACK-UP -Sell: 11.2-11.8$ if B. SL if A -Buy: 6.7-7.3$. SL if B ❓Details Condition A : "If 8H candle closes ABOVE this zone" Condition B : "If 8H candle closes BELOW this zone"
CLong
by CryptoStation
1
PANCAKESWAP CAKE back to $22 before pancakeswapV2 ?Reasons: 1. PancakeSwap planning to release their V2 around early Q2. expecting hype before their V2 like before UniswapV2. 2. Some of their V2 features are: Buy-back and burn mechanic to trading fees. Auto-compounding pools, Referral program. 3. They also developing into: Prediction market, more NFT & gamification platform, Lending & borrowing. 4. by TA perspective,, Finally 4H MACD back bellow 0 after a looong bullish week. 5. 4H candle hit the 100 SMA line, and hopefully cross my bearish structure. 6. Bitcoin on-chain data by Glassnode & CryptoQuant looking good, preparing to continue the bullrun. -- !! 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.
CLong
by rafiirfan
1
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
We all know that March is coming. But what about the new #DeFi?It's true. We all know that historically, March is a bad month for $BTC and the crypto space in general. But, could this be different for the new (and probably much more stronger) wave of DeFi platforms ? The Binance Smart Chain came to stay, that is out of the question. Also, we've seen a huge rising on the use mainly due to the failure of Ethereum and their Gas Fees. Pancakeswap has been working on expanding their presence and so far it's going smooth. Their Idea of bringing NFT's, plus a gamification based in profile, earning points by completing tasks, among other things is a well placed strategy for the booming in the following months. Based on that and on some well-know flag patterns I see that $Cake will see a new ATH soon. Will you stack your pancakes? 🍯🍯🍯🍯🍯 Hurry up!
CLong
by BitBMEX
1
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's pump is awesome!...is there another 100% pump coming?Hello Traders! Wow, what a serious pump from PancakeSwap's native token CAKE, wish I was a part of this earlier. But as they say, the trend is your friend, until it isn't ;) I know I am posting this one a little late re: the entries but even now, the entries and setup remain valid and price has been accumulating in our entry zone. Volume on this pullback is decreasing and the Correction Channel is picture perfect with the Median Line bounce. This has set up to be quite a high probability trade! Entries below... ENTRY 1: 14.9 (already triggered) ENTRY 2: 13.7 (already triggered) STOP LOSS: 12.25 TARGET 1: 24.5 TARGET 2: Trailing Stop Let me know if you are joining me in these trades! The R/R is definitely worth it and I hope some of you are finding value within these posts. Happy Trading, always manage risk.
CLong
by SmileyTrades
CAKE M15 getting yeast and expanding !!? Let's go upTechnical analysis regarding the price of PANCAKE SWAP in relation of dollar Tether for the next scenarios, based on 15 minutes movement. In this shorter period chart (yes, M15 is a very warm chart to consider something), but in my view, we can already get valuable information regarding the price. It is forming a symmetrical triangle (descending tops and ascending bottoms) and well, it is a pattern of uncertainty (we do not know which previous direction the price will take), but it seems that it will be very high, as there is a tremendous demand in this cryptographic. We will see in the next scenarios whether this training will materialize! I believe that we will see PANCAKE reaching new ATH more and more throughout the scenario. disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Long
by luizhcruz
4
CAKEBUSD - Quo Vadis? Bullish Idea - 225% up?Ok friends, time for an update. I do not have a pro account, hence, publishing my updates separately. - RSI Bullish - MACD Bullish - Broke the trend line and we wait for a retest here The targets seem crazy at first, but this one seems to follow sushi, uni and co. IFO listings, lottery, farming, staking, swapping. A good alternative to uniswap with small fees. With a little bit of volume this baby will blow through the resistances. Watch!
CLong
by europoor
4
Pancake Swap TrendThe last month has been quite a ride for the easily accessible swaping and staking platform "PancakeSwap". Here we can see in a 4 day cycle they have had a steady increase of 78% up to a maximun 123%. Since the platform hasnt reach its full potential and if it keeps following this trend. It will pass by uniswap in the following month to come. Give it atleast 3 more cycles and we could see the price increase anywhere from $10 to $25. Since the platform burns excess coins by lotery and has an easy to understand platform. They also have pools with 100%+ APY with extremely low fees that help increase value. If your new to the crypto world, do not jump quickly into a swap. First dip your toes with simple exchanges and once you feel you have a firm understanding, concentrate your attention to platforms like PancakeSwap. BINANCE:CAKEBUSD
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by Lightests
2