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Cakeusdt

PancakeSwap The #1 AMM : CAKEUSDT analysisThe #1 AMM and yield farm on Binance Smart Chain. ❇️ COINMARKETCAP's DATA : Rank #26 - kind: Token- On 169,833 watchlists - Market Cap :$6,394,389,110 Fully Diluted Market Cap: $6,558,725,629 Volume24h: $633,184,924 Volume / Market Cap : 0.05967 Circulating Supply :161,882,860 CAKE Total Supply: 161,882,860 What Is 🌟PancakeSwap (CAKE)🌟? PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. It launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a liquidity pool. PancakeSwap uses an automated market maker model, meaning that there are no order books and liquidity pools are used instead. A user can earn income by becoming a liquidity provide; by adding their tokens to the liquidity pool they can farm LP tokens and stake their CAKE to earn rewards. They can also try their luck with the lotteries and non-fungible tokens. The PancakeSwap token CAKE is a BEP20 token that originally launched on Binance Smart Chain. The main function of CAKE is to incentivize the liquidity provision to the PancakeSwap platform. Users can stake their tokens to earn rewards, which is done by depositing Liquidity Provider tokens and locking them up. This is known as farming and is rewarded by the system with CAKE tokens. The tokens can be un-staked with zero holding time. CAKE gives users the opportunity to invest and increase returns in the future but comes with risks. CAKE can be used to enter a lottery on PancakeSwap. Users can also win non-fungible tokens that can be traded for CAKE or kept in a wallet. ❇️Who Are the Founders of PancakeSwap? PancakeSwap is a Binance Smart Chain-based decentralized exchange (DEX) that was launched by anonymous developers with an apparent passion for pancakes. and always has been supported and recommended in twiter by CZ , ceo of binance . coinmarketcap- pancakeswap.finance ------------------------------------------------------------------------------------------------------------------ ✅TECHNICAL ANALYSIS As you can see in the daily time frame chart for CAKE/USDT, the price is trading at around $40 . It's been about two months since PancakeSwap was recently added to the market and I do not have a comprehensive analysis because it is usually technical based on the past but you can buy in the green support areas with more confidence and EMA 50 and 21 can also support the price .if the defi season starts I think It has a very high potential, which atleast must be placed in our watchlist . -------------------------------------------------------------------------------------------------------------------- (Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in other markets .) also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect. -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion and you are responsible for your own trades or invests. ❤️with Best Regards and successful trades 👍 PLZ support me and hit that damn like button and comment
Long
by PRO_SMART_Trader
CAKE will feed us with 2 Trades !the cake is the best dex and has very much volume on Binance smart chain! It will be excellent in 2022! But here; we have 2 logical strategies and low-risk trades! First; we should enter after a red daily pullback and take profit until upper area ... Then; we should wait for our second trade and watch that when the upper area will nicely break with the great green daily candle! And we can enter it on the pullback and be with it to the previous price and next ATH ...
Long
by KeyvanMehrabady
2
$cake Analysis $cryptocurrencyDear Friend The candlesticks are weak during the weekly period, and with the current situation, if the candlestick closes in the same way, I expect to return to the support and stabilization area in this zone, and then return and climb to the upper areas. Resistance: 12.5 - 13 Support: 10.20 9.4 But it is still too early to make a final decision and we have to wait until the weekend. In daily and weekly time, we have dynamic and static resistance and support, which is shown in the picture. Disclaimer: Information is provided only for educational and exchange purposes only. Do your research before taking any action or decision in the real market.
by seperslp
1
CAKE should not break below current volume supportCAKE should not break below current volume support. There is a huge lack of volume below what can lead to a fast down movement, if this volume support does not hold. A confirmed breakout of the price and volume resistance in reverse would finally lead to new ATHs. What do you think about that? 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison. *no financial advice do your own research before investing
BINANCE:CAKEUSD
by Crypto4Everybody
CAKEUSDT: SELLING PRESSURE ON PANCAKE SWAP, WILL IT GOES DOWN?Hello Enthusiast Coin Traders! Here's medium-term outlook for CAKEUSDT , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :) CAKEUSDT broke out of the Rising Wedge pattern. Rising Wedge Pattern indicates a potential bearish movement ahead. The MACD indicator starts crossing down below the zero level, it signify the potential bearish bias ahead. The roadmap will be invalid after exceeding the resistance/target area. DISCLAIMER: This is only an outlook, not a recommedation to buy or sell the cryptocurrency.
Short
by financialfreedomgoals101
1
Cake right now is close to opportunity zone!Hello guys 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! it's simple as drinking water! do not miss the chance, if the price hits 9$ zone(every time the price came near to this zone after a short time this coin pumped) do not hesitate and buy one step! The mid-term target is MA200 for me. Note: right now in the BSC chain, Cake has the most TVL! and it's $5.5b also mcap/tvl ratio is 0.5119.these parameters can show us investing in Cake has less risk than other coins for now! Hope you enjoyed my analysis, You can support me with your likes and comments! (always open to hearing points from the others) Attention: this isn't financial advice I'm just trying to share my vision and remember we must always see what's up with BTC after that go buy altcoins. never forget investment principles and do your research before investing.
Long
by HajMmd
PancakeSwap (CAKE) - December 7Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (CAKEUSD 1W Chart) - Mid-Long-Term Perspective Above 9.0760290 point: Expected to create a new wave. (1D chart) It is necessary to check whether it is possible to ascend with support in the volume profile section formed in the section 10.8786252-16.1961041. If it declines from the 9.0760290 point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required. To accelerate the uptrend, the price should remain above the 19.0812658 point. ------------------------------------------ (CAKEBTC 1W chart) 1652 Satoshi point and above: expected to continue upward trend 2903 Sakoshi point and above: Expected to create a new wave. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
BINANCE:CAKEUSD
by readCrypto