BINANCE: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...
Pancakeswap.finance is doing pretty well, as CAKE has more than doubled over the last couple weeks. We are reaching levels from prior, and looks like at this pace they will be surpassed quickly.
If you are farming LP tokens, you might want to rethink your strategy. Currently, 1BNB = 21 CAKE. About a week ago, 1 BNB = 23.8 CAKE. This may continue to lose, as...
Staking Cake on Binance has been no only profitable but fun too! Looks like their flagship token has started to pick up momentum. Even though facing a bit of resistance, we're in an uptrend headed for a potential 20/50MMA cross-up with mostly buying volume. Do you homework. Have fun and good luck!
With recent listing on Binance, I am using the available data to draw possible Fibonacci levels and resistance/support lines. Its currently trading in downward channel and could bounce back easily.
$CAKE will hit the resistance and can breakout of the downtrending channel easily with one of the news. Since there are many great news being rolled out by PancakeSwap...
