Crypto Contest January 14: PancakeSwap

in #blockchain2 months ago

PancakeSwap (Binance: CAKEBUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, CAKE began a red wave one advance on November 9, 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 6 this year and the red wave two (blue sub-waves a-b-c) correction ended on January 11. If this wave count is correct, CAKE should be heading next towards the January 6 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

PancakeSwap is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. Rex Kneisley made a tutorial back in October last year.

(Sources: https://pancakeswap.finance/)

How Will PancakeSwap Trade?

PancakeSwap (Binance: CAKEBUSD) daily chart by Tradingview.

(Chart courtesy of Tradingview.com (log scale))

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below.

CAKE will takeout the January 6, 2021 peak

CAKE will drop below the December 18, 2020 low

CAKE will stay in a trading range between the December 18, 2020 low and the January 6, 2021 peak until February 20

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CAKE will stay in a trading range between the December 18, 2020 low and the January 6, 2021 peak until February 20

CAKE will stay in a trading range between the December 18, 2020 low and the January 6, 2021 peak until February 20

CAKE will drop below the December 18, 2020 low

CAKE will takeout the January 6, 2021 peak

CAKE will drop below the December 18, 2020 low

CAKE will takeout the January 6, 2021 peak

CAKE will stay in a trading range between the December 18, 2020 low and the January 6, 2021 peak until February 20

CAKE will drop below the December 18, 2020 low

CAKE will stay in a trading range between the December 18, 2020 low and the January 6, 2021 peak until February 20

CAKE will takeout the January 6, 2021 peak

CAKE will takeout the January 6, 2021 peak

CAKE will stay in a trading range between the December 18, 2020 low and the January 6, 2021 peak until February 20

CAKE will stay in a trading range between the December 18, 2020 low and the January 6, 2021 peak until February 20

CAKE will stay in a trading range between the December 18, 2020 low and the January 6, 2021 peak until February 20

CAKE will drop below the December 18, 2020 low

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CAKE will takeout the January 6, 2021 peak

CAKE will drop below the December 18, 2020 low

CAKE will stay in a trading range between the December 18, 2020 low and the January 6, 2021 peak until February 20

CAKE will stay in a trading range between the December 18, 2020 low and the January 6, 2021 peak until February 20

CAKE will takeout the January 6, 2021 peak

CAKE se llevará el pico del 6 de enero de 2021

CAKE will stay in a trading range between the December 18, 2020 low and the January 6, 2021 peak until February 20

CAKE will stay in a trading range between the December 18, 2020 low and the January 6, 2021 peak until February 20

CAKE will takeout the January 6, 2021 peak

CAKE will takeout the January 6, 2021 peak

CAKE will stay in a trading range between the Dec 18, 2020 low and the Jan 6, 2021 peak until Feb 20

CAKE will takeout the January 6, 2021 peak

🙏🏾👍🏽

CAKE will drop below the December 18, 2020 low

CAKE will takeout the January 6, 2021 peak

CAKE will stay in a trading range between the December 18, 2020 low and the January 6, 2021 peak until February 20

CAKE will drop below the December 18, 2020 low

CAKE will stay in a trading range between the December 18, 2020 low and the January 6, 2021 peak until February 20

CAKE will drop below the December 18, 2020 low

CAKE will takeout the January 6, 2021 peak

CAKE will drop below the December 18, 2020 low

CAKE will takeout the January 6, 2021 peak

CAKE will takeout the January 6, 2021 peak

CAKE will drop below the December 18, 2020 low

CAKE will stay in a trading range between the December 18, 2020 low and the January 6, 2021 peak until February 20

CAKE will stay in a trading range between the December 18, 2020 low and the January 6, 2021 peak until February 20

!shop

CAKE will drop below the December 18, 2020 low

CAKE will takeout the January 6, 2021 peak

CAKE will stay in a trading range between the December 18, 2020 low and the January 6, 2021 peak until February 20

CAKE will drop below the December 18, 2020 low

CAKE will takeout the January 6, 2021 peak

CAKE will takeout the January 6, 2021 peak

CAKE will drop below the December 18, 2020 low

CAKE will stay in a trading range between the December 18, 2020 low and the January 6, 2021 peak until February 20

CAKE will takeout the January 6, 2021 peak

CAKE will drop below the December 18, 2020 low

CAKE will stay in a trading range between the December 18, 2020 low and the January 6, 2021 peak until February 20

CAKE will takeout the January 6, 2021 peak