Cake reach nearly ATL with bnb (Nov'2020)
I think this is a good entry if you continue to believe in the growth of the bnb ecosystem, cake is a top dex exchange on bnb, accounting for most of tvl as well as trading volume on bnb. The project is still working very well and there are constantly updates to make the product better
Longshot on BSC Defi token CAKE via BNBI think Pancakeswap is worthy of a small capital allocation at this time considering it has been about 2 years of steady bleeding. Swapping a bit of BNB right here. Already have swapped lower and have a tiny amount farming at 40% apy in the CAKE-BNB LP (staking). Bought a small position of roughly 1
CAKE holders (bottom-ing) Diamond HandsPancakeSwap (CAKE) - looks like never stops falling .. does not look good,
my ideea is CAKE may reverse soon
CakeBnb - Series of bullish Divergences in 12h TFCake is near bottom.
Wait for the 3D to turn up.
W TF there will probably be Adam pattern forming. Sharp V coming..
Not Financial Advice. Do your own research.
Time to CAKE!As is expected, CAKE mostly underperforms against its native chain token BNB when fear, doubt, and uncertainty are on the rise. People tend to have better sleep when holding "safer" coins like BNB. With bitcoin breaking 47k, market sentiment is most probably going full bull mode in October and coins
CAKE/BNB LP on 4H CAKE/BNB LP on 4H timeframe
After breaking the first trendline, a double bottom was formed and a sign of a strong resistance point with 3 touches. After bouncing back up we saw a retracement when hitting the trendline and created another resistance point. Then I saw a new trend line forming when i
Cake, Make or Break The 7D MA needs to cross 30D EMA to repeat the previous upward trajectories. If by next few days, the ratio doesn't bounce of the 0.043-0.044 zone, we will probably see a collapse to 0.037 level.
Simple Idea on CAKE/BNB pairHi,
This is not financial advice, You invest at your own risk. This is only my prediction for short term.
CAKE/BNB pair is looking very good, I think there will be little bit more downtrend ,but also I expect another wave to come.
Keep bnb in mind because I expect retracment there (you can see th
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Summarizing what the indicators are suggesting.
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Moving Averages
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Displays a symbol's price movements over previous years to identify recurring trends.