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CAKE, CAKEUSDT - two possible scenariosHello guys, Quick idea here The CAKE/USDT pair continues to move in a short-term downtrend. Now the bull flag pattern has reached the previous horizontal resistance (and our target from the initial call when the price was $22), which turned into support. From here I expect a reversal with the next target marked on our chart. The daily chart is in line with the consolidation pattern as well. So in brief, I think if the price stabilized around this area we will see an uptrend continuation and reach the $45 target, then make a pullback to $40, which will be turned into support. The more pessimistic scenario will be to break below the support and touch the lower boundary of the bull flag, very similar to what we had on April 18. Old idea here: Stay safe ! Cheers
Long
by FutureBlockchain
6
Bake cake!Hi fellas lets talk about $Bake boys BakerySwap is a decentralized automated market-making (AMM) protocol that is based on the Binance Smart Chain (BSC). The BAKE token is a native BEP-20 governance token on the platform.Users have the ability to earn BAKE tokens by providing liquidity on BakerySwap, and BAKE holders can use their tokens for governance voting and to receive transaction fee dividends. The BAKE rewards are offered in several liquidity pools, initially including BTC, ETH, DOT, LINK, BUSD and BAKE versus BNB targets 7 - 7.5 - 8 - 9 stop loss 5.5 - 5 - 4.5
BLong
by amirsediq
BNB has pumped a lot and will pump even more!1. Biggest exchange 2. Exchanges coins are hot after getting destroyed harder than many others 3. Only other way to get exposure to exchanges as Coinbase IPO is hot 4. Natural demand from the products Binance offers 5. BSC has grown quite a bit and might grow even more as people migrate from other chains and especially Ethereum 6. Lots of BNB trading pairs and BNB is listed on several exchanges and can be used outside Binance Chart looks super strong, with the previous ATH in BNBBTC turning into support and now BNB making a higher close. Very promising! From now on I'll be sharing a lot more stuff here on tradingview. I have no idea why I wasn't doing in before and kept it only for long posts. Now that things are moving so fast, I'll keep posting quality setups. Not much fluff, straight to the point, easy to understand. Before that I was doing it mostly on Twitter and Telegram, but now I'll share more here. It is a shame I can't show coins I talked about a lot in the past and people to get to know me better, but it is a fresh start after being on this platform for 4+ years.
Long
by BitcoinMacro
4
BNB Will visit previous ATH soon!Here's a quick look at BNB 2 hr chart. As we can see, the price has been in a bigger triangle for some time now, and soon we will see a breakout. If it breaks out from the triangle then it will probably revisit previous ATH! Keep an eye on this! The idea is: Buy the breakout from the triangle and Take profits at the levels shown in the chart. Targets: 1. 637$ 2. 768$ Note: Profits can also be taken in the resistance zone . Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
2
$BNB is Parabolic + Fractal !Binance coin has been killing it for the past few months! It is moving & respecting its parabolic curve! We can see in February to March we had been a period of consolidation. Towards the end of march we saw a massive move to the upside. Which was 180% in 20 days. Perfectly matching the previous consolidation & move to the upside, we can see a fractal forming which could put us near the 1000$ mark. Fundamentals: Binance Smart chain is growing everyday and has surpassed Ethereum in daily transaction. BSC Ecosystem has $30+ Billion USD volume locked in liquidity and is growing exponentially ! $500,000,000 USD worth of BNB where burned a few weeks ago. (supply shock)
BINANCE:BNBUSDLong
by BigLava
5
$CAKE 🍰 Strong Fundamentals !! Cake has just created a new all time high! If price consolidation occurs above the $30 level. We can expect to make a test towards our fib extension levels. If price does not break resistance, we could possibly see the low & mid $20 area. I am very bullish on cake for over a few months now! A few weeks ago around $85,000,000 worth of $CAKE where burned. Just recently, with the new Pancakeswap update, all CAKE tokens acquired from transaction fees will be instantly burned. With simple supply & demand principles: The progressive CAKE burns will cause a supply shock! First Projection:
by BigLava
7
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
Long
by FutureBlockchain
2
Bullish on CAKEIn my personal opinion, $CAKE could go up to 37$ in mid-term. As we can see, even though the market dropped we touched the bottom line of the parallel channel and now we are riding the reversal patterns. Pitchfork is showing us going straight up through fibonacci levels. We should withstand the support line and aim for the middle line of the parallel trend channel. In case we fix in the middles, there is a high probability of us touching the upper side of the channel, which could lead up to 37$ level. Goals: 24.7 - 26.7 - 28.3 - 33.7 - 37 SL: 21.2
BINANCE:CAKEUSDLong
by DeFi-tacular
3