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Pancakeswap

New FixedTerm Staking Works GOOD !With this new fixedterm staking till now PS semi-burned about ~74 Million cake tokens ! And also Pancakeswap is going to redesign tokenomics of CAKE token so they can burn even more tokens weekly ! Then what do you think !? ^_- And if we talk technically as you can see price is in uptrend channel and after this panic sell off it is now going to create a reversal pattern ! So we can have 2 scenarios here : 1- if BTC drops more with bad news we can see lower prices bcuz of market crash ! strong support is around $7.2 next $7 2- but if market starts to heal up again... we can see higher prices again ! first target is around $10 next is around $12 what do you think !? Leave a comment below !
by DrMomeX
1
Do you want some cake?At the request of a subscriber. Breaking through the downtrend on high volumes, it is advisable to bury the day above the current values, the price has not yet corrected the fall, so there is an increased probability of going down to 0.5 fibonacci. The option of working out this scenario is higher if there is a retest after the beating, after the retest, you can apply the fibonacci extension and start from these levels. Option to cancel the scenario closing the day below the downtrend. It is better to enter after fixing above the downtrend Thanks to all investors for trusting us <3
Long
by Colibri_Capital
8
CAKEUSDT This route can be happenHello everyone Cake is one of the most powerful token of defi exchange that can be have a campaign with Dydx in future According to the chart and to the trend of market , you can see the market is moving to have some correction and need to recovery itself then its ready to continue the route as the trend wanna go . This route that we can drwan on chart it can be the movement of the price to re-test again the support zone in the bottom (Blue box) and until the price is not broken the second key point level the trend is moving in downward and when this key point is broken the trend can be change to the upward. If you wanna take position and buy or sell, check the chart with your own analysis and use your own strategy Previous analysis : Good Luck Abtin
Short
by Abtin00
2
CAKEUSDT (PancakeSwap CAKE) 18-2-22 to 17-3-22 Midhigher RangeCake/usdt midhigher timeframe range, This range is fairly new and it formed a new bottom than backed up. as the range is new with a new bottom price can be pushed from these zones to a retrace point but that depends if market see's money coming into alts and peoples shows their to their ol cake. their are no logical profitable intraday setup showed up yet until march 16 2022. but this range did provided 2 swing positions.
by cryptoforever1
Bulls are consolidating CAKE price in preparation for a rebound The CAKE token has a vital support level of $5.50, and the current price of crypto is struggling to close the daily price candle above $6.7 level, then the neckline of double top formation ($4.6-level) may act as an immediate resistance level. Stoch RSI is still in the bullish territory; will it affect the current trend? The CAKE token price has been moving downwards in the RedZone of super trend indicator as well as the price is below the EMA Ribbon in terms of the daily price chart. The bulls need a robust bounce-back move. Moreover, the 200-line is far above the current price. The Stoch RSI is expanding towards the overbought territory over the daily price chart, where the k-line is at 81 and D-line is at the 66-mark. Conclusion The PancakeSwap investors have to keep patients for a good return on investment. The crypto price may generate excellent returns above the $9.0 level. Support level- $5.6 and $5.0 Resistance level- $7.5 and $8.5
Short
by TheCoinRepublic
CAKEUSDT: SHORT OPPORTUNITY AHEAD, BEARISH BIAS STILL PREVAILS?Hello CryptoTrading Enthusiast! Help the Channel Growth by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :) CAKEUSDT retested the trendline and created an impulsive rejection. The stochastic pointed down in the neutral area that could be an indication of bearish bias for Pancake Swap ahead. *Now We put all the explaination on the chart* Enjoy! *DISCLAIMER: This isn't a recommendation to buy or sell cryptocurrency, only an Outlook from technical perspective. *FOLLOW FOR MORE CONTENTS AND UPDATES*
Short
by financialfreedomgoals101