CAKE: breakout very soonBINANCE:CAKEBUSD
BINANCE:CAKEUSDT
Just now, BTC broke out from a mid-term resistance line, retested, then pumped hard to 55555usd. I see similar pattern on CAKE. The breakout is imminent. I don't predict price of few days. Let's see the real bull run target.
Now CAKE is in a half-year correction. It finished a classic Wyckoff re-accumulation phase and entered phase E. A new uptrend is coming. My first target is the previous high of 44, then 100. Price around 150 is very like in altseason.
Fundamentally, Pancakeswap is the most important application on BSC. Its token CAKE, unlike the solely reward token (UNI, CRV, et al.), is extremely useful. CAKE's single asset pools have the highest and most stable yields among DeFis. It is also a distribution platform of other tokens, and an NFT marketplace. I'm expecting CAKE entering Top 10 rank at least for a short while.
And there is a secret behind CAKE: Why does Binance not open futures trading for CAKE? Because CZ has his plan.
NFA.
CAKEBNB
Cake to 36.86 $ USD?In my last analysis we were able to observe a triangle that was invalidated as a result of the market crash, however not everything is negative. This fall managed to show us a bullish channel in #CAKE which is very positive.
Within this new bullish channel we have a new triangle that should break no later than the beginning of October and would have as its main target $ 31 and then $ 36.86.
If the market remains bullish, I have no doubt that Cake will have a big rally, assuming that we are days away from its first anniversary and that every Monday there is a burning of tokens that represents 1% / 3% of the current supply. #Cake #Pancakeswap
PancakeSwap #CAKE to 31 $ ?After seeing how the target of $ 25 was perfectly met as I mentioned in my old publication, we can see again the formation of a triangle, which should break up at the end of this month, obtaining as a target $ 31 that would represent the 61.80% fibo of the May correction.
However, I believe that if the market remains bullish and we continue with the respective token burn, we will be able to see an even stronger momentum up to $ 36.86 which represents the 78.60% fibo.
Cake is undoubtedly one of my biggest bets in the remainder of the year and I hope to see it reach high prices, which I will share with you later in my next reviews.
Cake / Usdtright now price trying to hold above important support , a little down to 18s and we are ready to go to next resistance at 27 $
stop will be daily fixed below support
CAKE - Important accumulation zone before being bullishThe price is trapped inside the 20 and 50 averages, this zone must be broken to confirm the trend (bullish or bearish).
Basically we continue with the same idea presented previously.
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited to share your vision in the comments. Thank you
CAKE - Precise as a Swiss watchWe need to break the bearish channel and the resistance zone to be able to go bullish.
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited to share your vision in the comments. Thank you
CAKE - Best purchase price impossibleWe are at the best price to buy or at the beginning of a bearish market deepening.
To sum up: if you buy, be cautious if you own, keep your fingers crossed that a new rally is coming.
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited to share your vision in the comments. Thank you
$CAKE/USDT Ready for 100% profit...?#CAKE/USDT TA Update:-
$CAKE is looking good at this level.
I am buying here some $CAKE
Entry:- $27-$30.50
Targets:- $40/$44/$50/$61
First $37 is big resistance right Now.
If breakout this resistance then we can see $60 also.
I am accumulating $CAKE at every big dip.
Support:- $28/$21
Resistance: $40/$44/Moon
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Must follow me for latest crypto real time updates.
Thank you.
Ready For The Next Cake Party?🥞/Super Bullish/Previously on Cake:
- Just broke it's bull flag.
- Retest successful
- Rsi forming a good trend
- Follows Bnb and Bnb mostly follow BTC / BNB is very bullish moving up to $750/
Episode2
*Cake was resting in bull flag after the party!
*Hangover mode of the cake is going away!
*I fell bullish for the next few weeks.
*LET'S FIRE THE SECOND ROCKET.(There will be more rocket to fire)
It's always good point to buy cake but If you are looking a point to buy more just wait for few drawbacks to the up trendline and buy it! /Deff. Not financial advice/
Follow if you like and wanna see more updates on cake.
How bullish is the cake-🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞🥞
Cake ATH DAYS ...CAKEUSDT
Cake 4h chart a big picture make you understand more!
$40 price is short-mid term price ( i think $100 maybe is ok :D )
THIS IS NOT A SIGNAL !!! just a simple analysiss
Bullish Cup and Handle Forming for Pancake Swap ($CAKE)I'm getting more and more bullish on Pancake Swap ($CAKE) on a daily basis. The chart is bullish, the fundamentals are bullish and they are taking their inflation concerns seriously.
If they keep adding more coins moving over from the ETH network, they can easily be one of the top market cap DEXs on the market.
CAKE sidelining CAKE REVIEW
Rough consolidation for CAKE, just experienced a bad event recently with the DNS attack, luckily the team managed it really carefully.
Most of the value of CAKE remained because of people staking it and using farms for rewards.
Price action could be explained by less buyers in and more early adopters selling to invest elsewhere. Lack of new incentives to buy $CAKE is reason why price is slowly dropping. As long as TVL remains high and solid, I wouldn’t panic.
The fact that the price is under the 200EMA in the 4H chart makes me kinda bearish, but when we zoom out to the daily we are only near the 50EMA, which is still fine for now.
RSI has been under 55 for the main time since mid February (but never went completely oversold)which shows that a lot of people are still holding and staking.
Pancake is willing to be the Uniswap of Binance, for so it has revamp itself, which is going to happen before June 30th with CAKE V2 to happen in Q2.
On a fundamentals perspective, I am really bullish on CAKE since they are planning to change the contract for migration and develop:
* The ability to create a referral program (users can earn a percentage from referral fees).
* Adding an automated buyback and burn mechanism (from trading fees).
* Enable automatic compounding on syrup pools.
* Enable access to minting logic; governance votes decide on emission rates.
* LENDING & BORROWING
PancakeSwap is currently working on a Minimal Viable Product (MVP) version for lending and borrowing. The high demand for such products can be seen in projects like Venus, which is currently the project with the highest TVL on the BSC. PancakeSwap wants to be able to offer this service to its users as well. The fees generated by lending and borrowing would be used to buyback and burn $CAKE. This product will be released after the release of their prediction market.
These are the reason why I would buy more if ever we would retest the red support at 5$.
Otherwise I’d keep staking in the syrup pool and earn juicy CAKE that I would sell not less than 22$
Cheers
Baking is now ready the new hobbie, $CAKE for everyone!$BNB is now a strong asset to look at, so just check with other assets are stronger than $BNB, here we have one $CAKE.
Cheers!
CAKEBUSD 4H-TIMEFRAME ANALYSIS✨CAKEBUSD 4H-TIMEFRAME ANALYSIS✨
Hello ladies and gentlemen
This is my new idea for PancakeSwap CAKEBUSD
I expect the price to move higher...
I hope my idea is clear
Support me by like and share
Stay Safe💯
Good luck💰
