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Pancakeswap

CAKE Rides Channel To ATH But Weakness Is Showing-Cake has held steady in a channel for over 7 days -20MA has supported the price throughout the bull trend -Major support lands at $39.85 CAKE has had awesome week, rising nearly 100%. The bulls heavily grabbed low prices of $23 as cake rebounded like a cannon. Since the dip, the price has been steadily respecting an ascending channel with a high of near $44 at the time of writing. For CAKE to continue its uptrend to a new ATH, it must break & hold key resistance of $43.7. The bears have been defending this level well the last 2 days as it coincided with the top trend line of the evident price channel. Throughout the run, from low 20s, CAKE has been held up by the 20 MA. Major support for cake comes in near $40. The price has risen drastically the last week so the current supports cannot be depended on very much. If CAKE breaks below its bottom trend line of its ascending price channel, It will fall to the $39 range. This is the most probable scenario after such an explosive 100% run. If this zone cannot hold, CAKE may be in for a larger fall to major support of $36.20. Confirming a potential bearish view, the MACD has just crossed bearish for the first time in 48 hours. The histogram also printed a bearish tick. The RSI tells a similar story as the well respected trend of the last week has been broken. CAKE intraday levels Spot rate: $41.68 

Trend: Bullish 

Volatility: High 

Support: $39.84
 Resistance: $43.73
by CoinGape
4
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.
Long
by SolidPosition
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.
Long
by brendanwenzel
4
CAKE-USDT: Looking for Pullback to ~$29 Before Next Push to ATHCAKE had a great run over the last week and will now take a little bit of a break as it blows off some steam. My expectation is that it pulls back to $28-$29 before making its next run to all-time highs. The fundamentals are still very strong and I'm still very bullish in the mid-term. With their version to launch, they should be able to add more value to liquidity providers and thus grow even further. Until ETH gets their gas fees down below $10, I believe the Binance Smart Chain will continue to pick up more retail investors. The one thing that could make me wrong with this is if bitcoin decides to go haywire and take off to $60k in the next day or two.
Long
by brendanwenzel
1
Pancake Swap Is ready To BuyHi, traders! While BTC is moving up and recovering after a small fell, we gonna tell you about some interesting and perspective projects, which can probably help you to make x2,x5 or even more. One of them is PancakeSwap. What is PancakeSwap? PancakeSwap is a decentralized cryptocurrency exchange for swapping BEP-20 tokens. If you’re familiar with Uniswap or SushiSwap, then you’ll know how PancakeSwap works. Each works in almost exactly the same manner. The PancakeSwap exchange doesn’t use order books like traditional exchanges. Instead, it uses an automated market maker (AMM) model which matches buy and sell orders directly with others in a liquidity pool. User deposits maintain liquidity pools. By providing liquidity to such a pool, users can earn trading fees and liquidity provider (LP) tokens. LP tokes are redeemable for the initial capital deposited, plus any fees earned, minus any impermanent loss. Furthermore, LP tokens can then be staked, farmed, and traded! Cloning or copying open source code from a popular decentralized application (dApp) is not uncommon. Particularly in DeFi, many new projects are based on existing protocols, with tweaks made to the original code. Simply make a few adjustments to a popular open-source code, create a new token, name it after your favorite snack, and presto - you’ve got yourself a freshly baked DeFi clone! Regardless of whether you think cloning is a good thing or a bad thing, it happens a lot in crypto. For example, SushiSwap is a clone of Uniswap. Therefore, it should come as no surprise that PancakeSwap appears to work in a very similar way to SushiSwap, with a familiar layout and user interface. However, PancakeSwap is flipping the yield farming model on its head, introducing a range of new features that provide an all-in-one yield optimization platform built around the Pancake token (CAKE). Furthermore, PancakeSwap benefits from the security of Binance Smart Chain (BSC), which could help convert some DeFi skeptics. In September 2020, the Pancake token (CAKE) was launched on Binance Smart Chain (BSC). CAKE is a BSC-native BEP-20 token. The CAKE token has performed extremely well in 2021, showing an incredible price rally throughout February. The primary function of CAKE is to incentivize liquidity provision to the PancakeSwap platform. PancakeSwap vs. Uniswap vs. SushiSwap In today's cryptocurrency landscape, there are three major decentralized exchanges ruling the roost. • Uniswap — The original DeFi liquidity protocol built on Ethereum. Today's standard for easy cryptocurrency trading using ERC-20 tokens and mostly ETH pairs. • SushiSwap — A community-governed Uniswap fork that has evolved into a DeFi hub offering token swaps, farming, and crypto lending/borrowing. • PancakeSwap — Uniswap clone built on BSC to deliver fast and inexpensive trades using BEP-20 tokens and the BSC←→ETH bridge. While all three enable decentralized exchange, community governance, yield farming, and LP (liquidity provider) opportunities, only Sushi and PancakeSwap pay rewards back to token holders who stake their tokens. Technical As you can see on the chart, we have a strong up-trend with a great support. The consolidates in the most probable area with a low probability of down swings. Fiba extension levels and ALLIGATOR shows us a strong up-trend with reliable support Thus, we see these scenarios of future price action A – consolidation above median line and breaking out above B – consolidation in the pitchfork with medium volatility and breaking out above, too C – breaking out the fork below and choppy price action DISCLAMER : Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio
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 :)
Long
by nima-mohammadkhani
12
CAKEUSDT --> exploring price upwardsTried to catch a few falling knives recently with BTC dumps, CAKE is one I caught, whoever got it at $22... THUMBSUP! The question here is to take profit or continue this potential ride. We have sold a lot with BTC, if we were to go sideways here for a bit, it makes sense for CAKE to hit $30, that will just be the nature of how ALTS react to neutral or bullish BTC price action. Since this is unexplored graph for CAKE... maybe we see some serious buying? -=-=-=-=-=-=- Todays VET Trade -=-=-=-=-=-=- BUY: Opportunity is gone most like, but the buyback is on the trend line... which would be an honestly very nerve-racking buy! (it would imply, in the short term, horrible news or BTC dump to 41k) TARGET: $30, may let it ride at that point STOP: $24 -=-=-=-=-=-=- --==--==--==----==--==--==-- Fundamentals --==--==--==-- Rank #30 Market Cap = $4,420,518,991 DEFI Binance's DEFI solution. Very very young product, does have lots of updates coming.. --==--==--==----==--==--==--
Long
by tommytoan11
2
PANCAKESWAP expecting more gain as CAKE becoming deflationaryreasons: 1. Pancake V2 product incoming next week Auto-compounding $CAKE Syrup Pool, prediction market. 2. Every trade you make on the V2 exchange will burns $CAKE. 3. more product/features incoming 4. but be cautious of possible cooling down to the 100 SMA yellow line. - !! 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.
CLong
by rafiirfan
🔥 CAKE Ignoring The Sell-Off: Buy OpportunityCAKE is one of the coins which is seeing an amazing influx of new buyers after the big BTC drop of today. One reason for that could be the fact that CAKE is currently seeing a very strong uptrend, potentially going parabolic in the near future once it creates a new ATH. Another reason could be that with BTC showing signs of uncertainty, people are flocking towards coins which are either non-correlated to BTC or ones that have a very bright future ahead of them. CAKE is both. Since it's the main coin of the PancakeSwap DEX, you could compare it with an early version of BNB. To trade on the PancakeSwap exchange you will most likely touch CAKE. Also, the current staking rewards are still around 100% APR. All in all, I think that CAKE is one of the best long-term holds of this year. Happy trading!
Long
by FieryTrading
24