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Cakeanalysis

CAKE: Breaking The SupportGood day to all profit makers If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you! If we break through this support we can see a nice possible buy setup unfolding. - Consult the chart for more information. - On the chart, you will find possible support setups -This is just an idea, the price might go up or even further down - The market is extremely volatile. - Trade with care - Note: - This is just my current idea. - I am not a financial advisor and this is not financial advice! - The timing of this chart will most likely not be accurate - There is always a huge chance of different patterns taking shape in these ever-changing charts. - My views and charts can and most probably will change. - I can be 1000% wrong! - Important: - Trade responsibly. - Respect your wallet - Greed is never good - Be focused. - Have a plan. - Stick to the plan. - No FOMO. - Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money. - Never trade what you are not willing to lose - Remember Stop-loss is your friend. - Smile! - Good Trading and Good Luck If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
C
by dstvst
CAKEUSDTThis is my first look into PancakeSwap token also called CAKE Launched on Binance Smart Chain . The hottest blockchain right now. It made an ATH on debut on Binance exchange of $18 Been on a downtrend ever since to find balance, solid base where it can begin a definite move. I guess many FOMO'd buying top on launch, while whales traded gains on Long and Short . Downward trend found balance at near $10. Volume show down trend accordingly. RSI similar trend since launch. Major Milestone on chart for CAKE to work out . Once overcame, it start ascending journey. Hopefully BTC does not pressure it to break below $10. Overtime CAKE is good choice. Follow 🚶 Like 👍 Share your thoughts !
Long
by CryptonKidd
4
We all know that March is coming. But what about the new #DeFi?It's true. We all know that historically, March is a bad month for $BTC and the crypto space in general. But, could this be different for the new (and probably much more stronger) wave of DeFi platforms ? The Binance Smart Chain came to stay, that is out of the question. Also, we've seen a huge rising on the use mainly due to the failure of Ethereum and their Gas Fees. Pancakeswap has been working on expanding their presence and so far it's going smooth. Their Idea of bringing NFT's, plus a gamification based in profile, earning points by completing tasks, among other things is a well placed strategy for the booming in the following months. Based on that and on some well-know flag patterns I see that $Cake will see a new ATH soon. Will you stack your pancakes? 🍯🍯🍯🍯🍯 Hurry up!
CLong
by BitBMEX
1
PancakeSwap (CAKE) DeFi Play on Binance Smart Chain (BSC)Hi Folks, after a longer period of focusing on my trading I am back with some ideas. Not sure you are familiar with the Binance Smart Chain (BSC). Basically it is like the Ethereum network, but with appropriately low transaction fees. PancakeSwap is a Binance Smart Chain-based DEX (decentralized exchange). I wasn't really aware of it until the recent Binance Coin (BNB) and CAKE price surges. . I have produced these four views on CAKE for you to use / copy if you'd like. Top left is the USD chart. CAKE has lost 30% of its value and if you believe in it being currently the better (way less expensive) exchange solution compared to UNI, MAKER, SUSHI & COMP then this just may be a good time to start or extend your position. Bottom left is the EUR chart. Top right is the CAKE vs. Uniswap (UNI) ratio. This ratio shows that CAKE has been losing value against UNI, but it appears a support level may be forming for it to attack UNI again. Bottom right the same style ratio with SushiSwap (SUSHI), same view as on UNI. Looks like a support level is forming. CAKE is number 8 in the dappradar rankings in terms of total balance and has had a phenomenal growth in terms of volume, users and transactions over the last 30 days. With Bitcoin likely taking a breather today and tomorrow below $60k and only maybe sneaking up to $60k next week there seems to be a likelihood that the overall market will be drawn down as well. It may also be the time for altcoins to shine and may give CAKE an opportunity to catch up with UNI and have a fantastic gain. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
Long
by CarpeMomentum
CAKE M15 getting yeast and expanding !!? Let's go upTechnical analysis regarding the price of PANCAKE SWAP in relation of dollar Tether for the next scenarios, based on 15 minutes movement. In this shorter period chart (yes, M15 is a very warm chart to consider something), but in my view, we can already get valuable information regarding the price. It is forming a symmetrical triangle (descending tops and ascending bottoms) and well, it is a pattern of uncertainty (we do not know which previous direction the price will take), but it seems that it will be very high, as there is a tremendous demand in this cryptographic. We will see in the next scenarios whether this training will materialize! I believe that we will see PANCAKE reaching new ATH more and more throughout the scenario. disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Long
by luizhcruz
4