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Pancakeswap

PancakeSwap (CAKE) Project Overview + Targets (245%)What Is PancakeSwap (CAKE)? 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 launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return. 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. PancakeSwap also allows users to farm additional tokens such as CAKE and SYRUP. On the farm, users can deposit LP tokens and get rewarded with CAKE. PancakeSwap allows users to trade BEP20 tokens, provide liquidity to the exchange and earn fees, stake LP tokens to earn CAKE, stake CAKE to earn more CAKE and stake CAKE to earn tokens of other projects. Source: Coinmarketcap.com -------- Here we have CAKEBTC (PancakeSwap) with a bullish chart setup. Prices moving above EMA21 and bullish action only in the past four days. You have multiple targets marked on this chart up to 245% of potential profits. This is not financial advice. Thanks a lot for your support. Namaste.
Long
by MasterAnanda
11
Pancake Swap ($CAKE) Hitting New Support Before HUGE UpswingPancake Swap ($CAKE) is heading to at least $13.45 where I believe it will experience some significant that resistance that could push it into channeling between $11.90 and $13.25 for a little bit while it cools off, but testing all ATH in the next week or so is entirely possible. My idea is to sell 50% at every resistance line and buying back in on the next support down. This should allow me to add to my coin count for the same cost as we go up the hill without taking all my chips off the table in case of a run right one of them. The line graph is nothing exact, only there as a visual representation of the general movement I plan to see on the way up.
Long
by brendanwenzel
1
Pancake Swap Ready to Break OutWith Pancake Swap approaching the end of this triangle, my expectation is that it'll break through the top, get through that $10.60 resistance with little effort, find a little resistance at $11.80 and my price target is $13.50 by mid to late-week. The FUD from the hack is finally subsided and they are getting closer to having version 2 ready according to their latest Twitter post. (I can't link to it yet due to my rep score) I'm bullish on the DEXs right now all around. You really can't go wrong with any of them at this point, so grab a few of the smaller caps like Pancake, 1inch and Julswap for more upside, but Uni and Sushi are looking juicy as well.
Long
by brendanwenzel
6
CAKE's pit stop to the MOON is over!Hello Traders! Following up on my previous CAKEBUSD analysis, we have seen price consolidate above the setup for some time now and we have also seen good reactions from the ATWHWB setups, witnessing a confluence between two setups develop. While it can be tempting to maximize potential and use the higher Stop Loss to get a larger position size for the Meso degree setups, it would be wiser to use the lower Stop Loss of the two confluent setups. I have found that making sure we use our ultimate directional bias as our TRUE stop loss ends up allowing us to better react to new market data. I've included the Opposing Setups in this analysis to show the confluence of the Profit Targets that exist directly in the Short Entry zone. While I am bullish and I expect the short to break, we must be aware of the opposition. The chart provides key levels to pay attention to and a significant correction channel that we are now bouncing off of the Lower Boundary of. Enough of me, time to let price do the talking. Happy trading, always manage risk. Quality in trading is the ability to react to one's own psyche P.S. I accidentally called the Target at $26.366 the Meso target instead of the Macro target as it actually is. Minor human error!
CLong
by SmileyTrades
4
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