I think this is a good entry if you continue to believe in the growth of the bnb ecosystem, cake is a top dex exchange on bnb, accounting for most of tvl as well as trading volume on bnb. The project is still working very well and there are constantly updates to make the product better
I 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...
Cake is near bottom.
Wait for the 3D to turn up.
W TF there will probably be Adam pattern forming. Sharp V coming..
Not Financial Advice. Do your own research.
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...
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...
The 7D MA needs to cross 30D EMA to repeat the previous upward trajectories. If by next few days, the ratio doesn't bounce of the 0.043-0.044 zone, we will probably see a collapse to 0.037 level.
Hi,
This is not financial advice, You invest at your own risk. This is only my prediction for short term.
CAKE/BNB pair is looking very good, I think there will be little bit more downtrend ,but also I expect another wave to come.
Keep bnb in mind because I expect retracment there (you can see that on my profile)
We 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...
Next 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.
Creating 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...
Cake 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...
CAKE/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...
