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CAKE / Binance Coin

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CAKEBNB trade ideas

Longshot on BSC Defi token CAKE via BNBI think Pancakeswap is worthy of a small capital allocation at this time considering it has been about 2 years of steady bleeding. Swapping a bit of BNB right here. Already have swapped lower and have a tiny amount farming at 40% apy in the CAKE-BNB LP (staking). Bought a small position of roughly 10 CAKE to just hodl at current prices. Looking to just keep it for the next 6-12 Months. Small play, nothing too serious. First impulse higher over the last couple of weeks might be a preview for a longer term price appreciation on the pair. Looking to add some fundamental analysis on CAKE in the next few days and will update with comments. Possible upside target 0.05+ from 0.0235 (today).
by JJMa
Time to CAKE!As is expected, CAKE mostly underperforms against its native chain token BNB when fear, doubt, and uncertainty are on the rise. People tend to have better sleep when holding "safer" coins like BNB. With bitcoin breaking 47k, market sentiment is most probably going full bull mode in October and coins with lower market caps can rise exponentially. That said, BNB has retraced more than 50% of its downward move (from 320 to 420) whereas CAKE just broke out of its 18-20 range and can outperform BNB by 15-20% in the next few weeks. Time to swap some of our BNB to CAKE!
Long
by godware
CAKE/BNB LP on 4H CAKE/BNB LP on 4H timeframe After breaking the first trendline, a double bottom was formed and a sign of a strong resistance point with 3 touches. After bouncing back up we saw a retracement when hitting the trendline and created another resistance point. Then I saw a new trend line forming when it got back down to the resistance level. When it bounced I decided to get into the trade at the golden entry point. After that, we saw a big move up that broke the trendline. We got a retracement and a retest of the trendline. Now we are in a wedge waiting for it to break out down or up... What would you do? - Take the profits or wait till it brakes out If it breaks out of the wedge, can we determine what the possible outcome will be? Let me know in the comments!
Long
by CryptoIndication
Short pull-back deeper, then a long legWe might have already seen the dip, though there is this pattern I figured, has a chance to happen. Price currently bounced with the 4h RSI from 4900s to 5300s . I expect it to climb higher to range between 5500-5600 as there will be selling pressure: a resistance trend-line and also MA50 and MA200 on 4h chart . I did not include them in the chart to avoid cluster. Afterwards, I expect to see another dip to the large bottom bullish trendline. I did not include the wick in middle. If that's counted, however, it might go down to somewhere between 4300-4800 . The reason for this is that when the RSI dips, then it recovers just a bit, then does another dip before it goes higher . It repeated twice, seems like it's happening for the third time. Then comes the long leg as it did two times earlier, which would see a higher high. Best of luck!
Long
by naezith
CAKE for my familyCreating a CAKE-BNB position for a family member today by cashing out a small % of their BTC. I think CAKE looks solid for a long term hold here. April emission-reduction vote is imminent and probably not priced in. BTC profits will get rotated in if it pops. CAKE could continue to bleed out over next couple days creating even better entry opportunities but I am happy to bet on people rotating profits into the strongest yield farms, CAKE & CAKE-BNB. Revenue is king. Pancakeswap & Pancakebunny TVL records. BNB calm before storm, it's chillin while BTC rumbles CAKE and BNB look good vs. BTC and strong fundamentals where a temporary retracement vs. USD & BTC after a big pop a couple days ago is completely expected
Long
by authorofthesurf
8
BNB -> CAKE Vault TimeCake BNB ratio is currently 1:21 with previous all time high ratio at 1:<10 Cake extremely responsive to volume and is currently low-volume now. Volume confirmations noted on the chart Idea: When money flows into BSC, BNB will rise and then CAKE will rise like crazy Emission reductions + still a very respectable yield farming rate, especially if using an auto-compounder like Pancakebunny or Autofarm We haven't seen real alt season yet. Cake hit $20 without alt-season type volume levels.
by authorofthesurf
3
CAKE/BNB - potential bearish triangleCAKE/BNB shows us that it has peaked near the .17 mark, and has started consolidating. However, as the lows are now staying in the same area, and the highs continue to grow shorter and shorter, it has formed a very short term bearish triangle, or descending triangle. While BNB/ETH shows us that it took a break and is now going to potentially start back up, it may be a good idea to get out of cake and see how this pattern plays out, or to wait until the pattern breaks to decide. If you do have BNB then this is something you will just want to wait for to see if its smart to get cake at a lower price. Overall CAKE is LONG on BNB, and BNB is LONG on ETH, however - I said I would exit my BSC positions in March, and this is my last chance to do so without lying.. I think there is more opportunity coming on other chains, and there will be some rug pulls that could make this look scammy, as always. I was hoping to hit at least .2 ETH per BNB, but I am still up quite a bit. For everyone else, have fun trading, there is nothing wrong with BNB, I just came over as a speculator in December/January and agreed it would be short term.
by Shwayze
2
Cake Presents A Buy OpportunityBINANCE:CAKEBNB - 4H Pancakeswap and its accompanying CAKE token have taken DeFi by storm since the beginning of the month. Overall BSC has added 9B in TVL since the end of January. Much of that added value has gone into PCS vaults, which spurred its volume over Uniswap's yesterday. A couple weeks ago I argued for a potential Tron run based on an influx of DeFi refugees and new entrants. Tron succeeded in attracting people but nowhere near the scale of what BCS & PCS have done. I'm fortunate to have previously entered CAKE, but I'm also looking for good additional entries as I believe this run has another month or two ahead of it. The pairing with BNB presents a challenge as BNB has absolutely rocketed in price the past two weeks. Nevertheless the CAKE:BNB trade has been in a consistent up trend on the 4H since late January. I won't pay much mind to the massive wicks pushing the price up, but I am interested in the bottoming out that may have just happened. I think .054 may have been the floor, as that candle was predated by the largest sell volume CAKE has seen in its existence and it bounced back nicely. But I'm looking for a candle to rocket up the near juncture of the bottom trendline & EMA sometime tomorrow. If that doesn't happen, and CAKE surges up I'll move in somewhere between .0615-.063 depending on closes. Generally speaking the difference between .0535 and .057 BNB isn't that much at present. So if you have no cake and are looking to long into triple digits, there's little reason to delay. Short term .076 would be a good exit target. This isn't investment advice and trading cryptocurrency is high risk.
Long
by LoDoCrypto