CAKE 4X!Good indicator for the price of exchange token is the volume of the exchange. It is the trust and also part of the revenue flow into the token.
Pancakeswap has volume 200M more than Uniswap. Pancakeswap is just all the time increasing the popularity since the fees on ETH network has made it impossible for majority of users to trade on Uniswap.
Yet Cake the native token of Pancakeswap is 4X lower at price than UNI the native token of Uniswap. This means that it's only a matter of time before the token follows the exchange and takes over the UNI same way as Pancakeswap took over Uniswap.
CAKE is being burned at increasing speed since the more volume the more fees collected and more CAKE burned. It's a matter of time for the CAKE token to over take the UNI in trading volume and thus over take it in mcap as well.
CAKE
CAKE/BUSD Bear Flag FormingLooks like there's a bit of a bear flag forming on the 1H candles. Of course I hope I'm wrong and we keep moving upward, but if this is a true bear flag, expect a correction at most down to Cake's major support line, after which we should be hopping right back on the gain train!
🚂🚂🚂
Also, with the Auto-compounding pools coming out soon, this news should help fuel the train.
Pancake Swap - $CAKE - Strong Despite BTC WeaknessDISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed financial planner or investment advisor. Cryptocurrencies carry a lot of risk and you could lose everything when buying and selling them. I will not be held responsible for any losses or gains as a result of my content. Please DO YOUR OWN RESEARCH before making investment decisions.
ATOM ETHI know many of you are new to crypto, so consider yourselves lucky if you see this.
Atom is about to pump and shake the crypto verse. It has broken out of a long term major
downtrend and has been testing/ accumulation above previous resistance for a while now.
Selling looks exhausted, and there are several bullish patterns forming.
I dont think you guys are ready for whats next. Atom tends to pump hard, so if you miss out
you miss out. At this point you should definitely have a decent amount of exposure on Atom.
Im currently looking at the ATOM/ETH pair since i believe ETH will pump and take ALTs with it
to the promised land. So not only will ATOM generate more ETH, ETH will also pump and go up in USD.
In other words, ATOM/ETH Go up up= more ETH = more USD= ONLY UP UP FROM HERE.
This is not financial advice, i am not a financial advisor! What you do with your money is up to you.
I can only show you what i see.
Trading Plan: CAKE/BNBNext resistance is at 0.07725 and 0.9759. If it can break 2 Resistance # 2, it means it can go to 0.1.
Other scenario, price will bounce at Resistance #1 0.7225 and back to near support.
$CAKE $BNB
#CAKEBNB $CAKE broke the resistance area and closed at 0.007120 after going sideways and forming a Double Bottom pattern.
Killer CAKE!Someone call the police because CAKE has been killing it and it does not want to stop.
As the premier DeFi project on the Binance Smart Chain, CAKE has been growing in leaps and bounds.
CAKE already hit the $38 dollar target and appears to have another 2x or 3x in it before it slows down.
At the time of writing CAKE is sitting at a market cap of 6.4B dollars. I expect it to quickly catch the likes of LINK (14B) and UNI (21B).
Looking at the technical the RSI is still looking really good. During it's first pump in February it reached RSI levels in the 90s three seperate times before price action finally started to fall. I also don't see a rapid crash in the price of CAKE given all the CAKE currently accruing interest in liquidity pools.
The price looks to be moving within a pretty tight parallel channel. If it stays within this channel we can see it hitting 56 within the next week or 2 or even 90 by the end of May. A break above the channel could have us flying into the stratosphere and 127 would not be surprising.
There's plenty of CAKE so come get a slice!
BINANCE:CAKEBUSD
CAKE, divergence and explaination on where it would goCAKE's price is going up but the volume is low, this indicates a divergent situation. RSI is overpriced, this could be a phenomenon called power zone, where the price will keep going up due to retail's excitement. so, based on my analysis the price will keep going up until $46-47 and then going down to the trend line i draw. im using snr and trend line drawings, and i use RSI and Volume indicator for this analysis. i hope my analysis could help you to make your decision, best of luck to y'all
CAKE/BTC Bearish Divergence - RSI & volumeTaking profit on CAKE/BTC after a 220% rise from entry. Yes, we broke its previous ATH, but there are two good reasons for being bearish.
1) Bearish divergence across the board (volume & RSI).
2) We should backtest that previous ATH (red line) as support. BTC, ETH, and others consolidated around their previous ATH's for a while before making another impulse up. I am expecting the same to occur here.
polygon / quick: chicken or egg?quick is the principal amm (uniswap fork) for polygon (previously matic - an l2 ethereuem chain).
considering the recent interest in BSC (l2 chain) and the popularity of its principal amm (pancake swap), matic and quick are starting to draw attention. of particular interest should be the ratio of an amm token marketcap to its underlying blockchain marketcap - which for quick is comparatively undervalued. the movements of poly and quick are clearly tied but which moves 1st and which follows - which is the chicken and egg? is there a signal in the relationship?
CAKE BUSD NOT LOOKING GOOD !!Hello,
i Check my all custom indicators on cake busd to get any bullish sign but it seems cake is done here and need to retrace to demand zone in order to pick some genuine volume.
also, its a dex platform so its hard to say anything about the volume cause its diversified in dex and binance so binance could be on low vol as compare to pancake dex.
well, lets see how it play out, overall this coin is bullish from a long time as it is supporting CZ BSC movements and cz is supporting this platform and token in return !!
Technically we broke out the rising wedge which is ultra Bullish sign if we retest sucessfully then good to go.
there is also exaggerated bearish divergence on daily timeframe
Cheers.
Helium (HNT) ABOUT TO INCREASE 40% + AND HUGE INTEREST MINERS Hello trading friends,
We expect a huge increase trend on Helium (HNT), this depending on the study to this coin, and it looks its only about time before it can hit 20 USD +
they have very hot product miners, where the most can earn more than normal miners.
# Data on the internet shows a high interest in this coin, and even the miners sold out for more batches.
all those users will get paid in HNT, in long term will make this the price increasing more.
# do always your own study and take risks depending on risk management, this is our option for this coin.
Have a great day, follow and like for more updates, thank you 😃
GOT CAKE ? Bonjour
If you are my follower you probably got cake in your bag and some of you get even diabetes ! cake is hot for many reasons, and for new comers who dont know, what kinda cake we talkin about, CAKE is the governance token for PancakeSwap and PancakeSwap is a Decentralized Exchange (DEX) built on top of Binance Smart Chain (BSC). It is the biggest Automated Market Maker (AMM) based exchange in BSC...
if you day trader, watch BTC chart too, short story long
Target 34-36-39--40--42
Stop loss 30-29--27
Au revoir
CAKE IS BULLISH UNLIKE THE MARKETGreeting from IRAN to whole trading community ✔💙
CAKE is moving through an ascending channel since 21st March
CAKE could maintain in it's ascending channel unlike most of the market that lost their bullish momentum after that massive sell-off has occurred in market
CAKE is above its major support 26$
As long as it can stay above 26$ , we expect from CAKE to rest then attack to its ATH and rise above 30$
KEEP IT SIMPLE :)