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
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✅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 .
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(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.
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👉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
CAKEUSDT.P trade ideas
CAKEUSDT S&R 4H Hi Friends
This is CAKEUSDT 4H Chart
and there is a good Impulse so Lets see what we get from SHIBO indicator
based on this Impulse i Expect two Support on 12.26 and 11.70 and Target is 15.45
S3 is in Line With Moving AVG And near Previous Hidden Div high
this is a beta Test of SHIBO Indicator so you have to use it along side with other Analysis and Indicators
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 ...
$cake Analysis $cryptocurrencyDear Friend
The candlesticks are weak during the weekly period, and with the current situation, if the candlestick closes in the same way, I expect to return to the support and stabilization area in this zone, and then return and climb to the upper areas.
Resistance: 12.5 - 13
Support: 10.20 9.4
But it is still too early to make a final decision and we have to wait until the weekend.
In daily and weekly time, we have dynamic and static resistance and support, which is shown in the picture.
Disclaimer: Information is provided only for educational and exchange purposes only.
Do your research before taking any action or decision in the real market.
CAKEUSDT Update and buy zonesCAKE deep buy zones are given. Below areas are good buy zones and if price recover from current region then keep an eye on above grey regions that how price reacts there and then sell accordingly. Nothing more much to say as all important support and resistance areas are given in the chart.
Disclaimer: Not a financial advise. This is purely for educational purpose. Good luck and trade accordingly!
CAKEUSDT: SELLING PRESSURE ON PANCAKE SWAP, WILL IT GOES DOWN?Hello Enthusiast Coin Traders! Here's medium-term outlook for CAKEUSDT , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
CAKEUSDT broke out of the Rising Wedge pattern. Rising Wedge Pattern indicates a potential bearish movement ahead. The MACD indicator starts crossing down below the zero level, it signify the potential bearish bias ahead.
The roadmap will be invalid after exceeding the resistance/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the cryptocurrency.
Cake right now is close to opportunity zone!Hello guys 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
it's simple as drinking water! do not miss the chance, if the price hits 9$ 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.
CAKE USDT on its way to the ultimate lows, see my analyseHello dear friends
An analysis of Cake USDT. On the chart you find all the details. If Cake stays below the black trend line it is very likely to test the ultimate low.
The price has already bounced off the trend line and is on its way to the target. Does Cake break above the black trend line with good volume and stays there then we can go to the upside at around 17 USD. That is the declining black trend line.
So place the stop for shorts above the black trend line and for longs (only if it breaks the trend line upwards) below the black trend line.
Good luck and happy trading!
Disclaimer This is my view, no advice to buy or sell. Also always do your own research!
--->> Dear friends please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
PancakeSwap H4 LongPancakeSwap H4 Long. The investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is provided individually, taking into account the risk and return preferences of the individuals. The content, comments and recommendations contained herein are of a general nature, which are not in any way directive. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in line with your expectations.