Get started

CAKEBUSD

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
C
by OobCast
CAKE's pit stop to the MOON is over!Hello Traders! Following up on my previous CAKEBUSD analysis, we have seen price consolidate above the setup for some time now and we have also seen good reactions from the ATWHWB setups, witnessing a confluence between two setups develop. While it can be tempting to maximize potential and use the higher Stop Loss to get a larger position size for the Meso degree setups, it would be wiser to use the lower Stop Loss of the two confluent setups. I have found that making sure we use our ultimate directional bias as our TRUE stop loss ends up allowing us to better react to new market data. I've included the Opposing Setups in this analysis to show the confluence of the Profit Targets that exist directly in the Short Entry zone. While I am bullish and I expect the short to break, we must be aware of the opposition. The chart provides key levels to pay attention to and a significant correction channel that we are now bouncing off of the Lower Boundary of. Enough of me, time to let price do the talking. Happy trading, always manage risk. Quality in trading is the ability to react to one's own psyche P.S. I accidentally called the Target at $26.366 the Meso target instead of the Macro target as it actually is. Minor human error!
CLong
by SmileyTrades
4
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
CAKE/Tether Trendiline breakoutLooks Bullish ! We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Long
by CryptoTrend-Alerts
2