CAKE
what's next move to cake ?As you can see, the price has a downward trend and is moving downwards ,
It has strong support in the price range of 36 to 36.5 ,
There are two scenarios :
1. As the downtrend line is broken, the price will move strongly upwards ;
Or
2. As price support is broken, prices will move down and further support .
Good Lock ;)
GOLD I hope everyone has a blessed week. I am ready for this week. I have been watching Gold and also Apple.
A weird combo but I have started to learn how they move so it works for me, lol. The weekend (sat/Sun) indicator helps so much.
I use this to see whether the analysis will be bullish or bearish starting the week off.
Remember that patience pays. You got this!
CAKEUSDT --> Missed the CAKE party? Try this entry!PanCAKEswap has been seeing some explosive growth. Here's me back at $16 with a ton sitting in a syrup pool wishing I just had of...
haha, isn't the crypto life just full of near hits and misses?
If you missed out on the CAKE party, here's some ways to get a seat at the birthday table. Its a classic case of the FIB support play. If we come down further, have a buy order set for either of the 2 green buy zones I have charted. Being active in these trades with a stop limit is ESSENTIAL.
Do not floopflop around with this trade idea if you aren't using a stop limit, that would be crazy.
Until further patterns develop, these are some decent plays.
Lastly, be careful over the next few days, BTC isn't exactly out of the woods, we have some major resistances to break coming up and there's a chance at all of them that we experience what we did today, a VERY sharp rejection.
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CAKE TRADE
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BUY: $34.5 OR $32
TARGET: $44
STOP: 5% BE TIGHT WITH IT!, when catching a falling knife you gotta be careful, otherwise it may just go straight through your hand!
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Fundamentals
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Rank #25
Market Cap = $6,200,866,276
DEFI
Supply: 160,447,894
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*Tokenomics are good, they burn lots... actually they may be really good tokenomics. I have used the dapp a bit, they always adding new things. Very active project. Is it worth $40? is it worth more? ... if we assume further growth in crypto... defi is a massive sector... yeh look maybe $100 for CAKE eventually?
Bake cake!Hi fellas
lets talk about $Bake boys
BakerySwap is a decentralized automated market-making (AMM) protocol that is based on the Binance Smart Chain (BSC). The BAKE token is a native BEP-20 governance token on the platform.Users have the ability to earn BAKE tokens by providing liquidity on BakerySwap, and BAKE holders can use their tokens for governance voting and to receive transaction fee dividends. The BAKE rewards are offered in several liquidity pools, initially including BTC, ETH, DOT, LINK, BUSD and BAKE versus BNB
targets 7 - 7.5 - 8 - 9
stop loss 5.5 - 5 - 4.5
CAKE looking for continuation Here's a quick look at CAKE 30 min chart. As we can see, the price is right now printing a bull pennant which is a continuation sign. CAKE had a great run and could easily go higher from here! Keep an eye on CAKE!
The idea is: Buy the breakout from the falling channel and Take profits at the levels shown in the chart.
Targets:
1. 42.5$
2. 44$
3. 47$
4. 52$
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
CAKEUSD GRAFİGİ (sorulduğu için paylaşılmıştır)Yükselen kanal içerisinde hareket ediyor. Sürekli ATH yapıyor. #BTC bozmazsa Mayıs ortasına doğru 60 usd yi görebilir. Kanalın yukarısına doğru kırılım olur ve tutunursa alım yapabilirim. 2 usd seviyelerinden beri takip ettiğim güzel kazandıran bir coin ve proje
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
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.
CAKE/BUSD Bear Flag FormingLooks like there's a bit of a bear flag forming on the 1H candles. Of course I hope I'm wrong and we keep moving upward, but if this is a true bear flag, expect a correction at most down to Cake's major support line, after which we should be hopping right back on the gain train!
🚂🚂🚂
Also, with the Auto-compounding pools coming out soon, this news should help fuel the train.
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.
ATOM ETHI know many of you are new to crypto, so consider yourselves lucky if you see this.
Atom is about to pump and shake the crypto verse. It has broken out of a long term major
downtrend and has been testing/ accumulation above previous resistance for a while now.
Selling looks exhausted, and there are several bullish patterns forming.
I dont think you guys are ready for whats next. Atom tends to pump hard, so if you miss out
you miss out. At this point you should definitely have a decent amount of exposure on Atom.
Im currently looking at the ATOM/ETH pair since i believe ETH will pump and take ALTs with it
to the promised land. So not only will ATOM generate more ETH, ETH will also pump and go up in USD.
In other words, ATOM/ETH Go up up= more ETH = more USD= ONLY UP UP FROM HERE.
This is not financial advice, i am not a financial advisor! What you do with your money is up to you.
I can only show you what i see.
Trading Plan: CAKE/BNBNext resistance is at 0.07725 and 0.9759. If it can break 2 Resistance # 2, it means it can go to 0.1.
Other scenario, price will bounce at Resistance #1 0.7225 and back to near support.
$CAKE $BNB
#CAKEBNB $CAKE broke the resistance area and closed at 0.007120 after going sideways and forming a Double Bottom pattern.