Cakeusd
Cake looks Bullish !!Cake/usdt Had an amazing run a few days ago over 70% pump which was tremendous .1 personally can see cake at 30$ before may,Futher a Cup and handle confirming it gives us more confidence in it . We could also Presume it as a Bull flag. And the target would still be Astronomical.i would like to see the breakout of the neckline In the next few days.further btc dominance falling into new lows adds to the hype.
Fundamentally speaking Cake has a circulating supple of 150M Price 18$ Uniswap 500M price about 30$
Also with ethereum Scaling solution Layer 2 being postponed for July could give room for dexes like pancake swap room to grow.
I hope you all good trades
Do your own research none of this is financial advice
Cheers!
CAKEUSDT potential 350% gainsFirst mover advantage on Binance smart chain , sister contract of Uniswap with highest trade volume, backed by Binance openly socially, 60% supply staked..
Higher lows since last bull run on 4H chart,
5x to reach anywhere close to Uniswap market valuation.
All leads to thinking that CAKE is going to explode in next few days .. Altseason is here
CAKEUSDT To The Moon!CAKEUSDT (4H CHART) Technical Analysis Update
Resistance zone breakout
CAKE/USDT currently trading at $16.40
Buy-level: $15.75 - $16.40
Stop loss: Below $13.00
Target 1: $20
Target 2: $25
Target 3: $30
Target 4: $40
Max Leverage: Don't use any leverage on this trade
ALWAYS KEEP STOP LOSS...
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Bullish Cup and Handle Forming for Pancake Swap ($CAKE)I'm getting more and more bullish on Pancake Swap ($CAKE) on a daily basis. The chart is bullish, the fundamentals are bullish and they are taking their inflation concerns seriously.
If they keep adding more coins moving over from the ETH network, they can easily be one of the top market cap DEXs on the market.
possible 39% gain in 10 daysCake has gone through the biggest hurdle now and did really good when almost every coin dropped 5-10% last evening. It seems that their is a high probability that cake reaches around 40% gain coming days. Good money, especially if you stake cake with 250-300% apy. measurement from current point until highest resistance point is 39%.
Pancake Swap ($CAKE) Buy Zone Around $10.65 With BTC CorrectionI'm starting to get more bullish long-term on Pancake Swap and would love to grab more tokens in the range of $10.65-10.75.
This one will take off once we get out of this correction with lots of good news and they are taking their coin inflation seriously.
With more tokens going over the Binance to reduce fees for buyers, Pancake Swap is quickly gaining market share.
Pancake Swap ($CAKE) Consolidating Before $14.60 TargetPancake Swap ($CAKE) is in a great spot to buy on the low end while it bounces between $12.80-13.55.
I'm looking to sell about 75% each time it hits $13.50 and then buy back in at $12.85. I like to have a bit of cushion as I've missed out on trades by pennies trying to get exact.
Look for it to breakout over the next few days to reach my price target and previous resistance around the $14.60 mark.
CAKE - Still work to do to get to $13Cake finally showing some bullish price action but still neutral on this ALT based on initial sketched TA
Immediate Target is $14.5. Punchy at 45% with lower probability than I'd like. Ideally Id like to see cake break and hold the $13 - $14 range. Downside still looks lumpy.
Best, Hard Forky
Pancake Swap ($CAKE) Hitting New Support Before HUGE UpswingPancake Swap ($CAKE) is heading to at least $13.45 where I believe it will experience some significant that resistance that could push it into channeling between $11.90 and $13.25 for a little bit while it cools off, but testing all ATH in the next week or so is entirely possible.
My idea is to sell 50% at every resistance line and buying back in on the next support down.
This should allow me to add to my coin count for the same cost as we go up the hill without taking all my chips off the table in case of a run right one of them.
The line graph is nothing exact, only there as a visual representation of the general movement I plan to see on the way up.
🆓PancakeSwap/BUSD Analysis (27/2) #CAKE $CAKECAKE is moving sideways around 11.5$ zone and with the support of MA50 line of 8H timeframe so we can expect a recovery from here to 14$ zone in the next few days.
14$ zone is very important and a selling force may be exist here to dump it to 7$ zone. But if CAKE conquers this zone successfully, CAKE will move up to 19$ zone easily
📈BUY
-Buy: 11.2-11.8$. SL if B
-Buy: 13.7-14.3$ if A. SL if B
📉SELL
-Sell: 13.7-14.3$. SL if A
-Sell: 18.5-19.5$. SL if A
♻️BACK-UP
-Sell: 11.2-11.8$ if B. SL if A
-Buy: 6.7-7.3$. SL if B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
PANCAKESWAP CAKE back to $22 before pancakeswapV2 ?Reasons:
1. PancakeSwap planning to release their V2 around early Q2. expecting hype before their V2 like before UniswapV2.
2. Some of their V2 features are: Buy-back and burn mechanic to trading fees. Auto-compounding pools, Referral program.
3. They also developing into: Prediction market, more NFT & gamification platform, Lending & borrowing.
4. by TA perspective,, Finally 4H MACD back bellow 0 after a looong bullish week.
5. 4H candle hit the 100 SMA line, and hopefully cross my bearish structure.
6. Bitcoin on-chain data by Glassnode & CryptoQuant looking good, preparing to continue the bullrun.
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!! That is my personal hope & observation nor financial advice. I am not self-claimed pro/wizard TA analysist lol.
just documenting my own reasons of my investment & trading.