Looks like there's a bit of a bear flag forming on the 1H candles. Of course I hope I'm wrong and we keep moving upward, but if this is a true bear flag, expect a correction at most down to Cake's major support line, after which we should be hopping right back on the gain train! 🚂🚂🚂
Also, with the Auto-compounding pools coming out soon, this news should help fuel the train.
Comment
â‹…
Welp, thankfully I was wrong about the bear flag, however it looks now like it might be forming a double top, which is also a bit bearish... Either way, if CAKE goes down it should bounce off its support line, thus I will be looking to pick some more up around 39-41
Comment
â‹…
Looks like CAKE pulled off a double top, and dipped to the $39-41 dollar range like I mentioned before, and I loaded up @ $40... Next stop $45-50!
Don't be bearish in cyrpto. Cake is doing great and I don't think it will go back to levels that you talk. While btc was going down cake was going up. You probaly saw that. Now things are going perfect for the btc so bnb, cake and some other bsc projects are getting ready to make new aths.
j-pants
â‹…
@abdullah77simsek, My position is long, so I'm not bearish in any way. I was simply pointing out what I was seeing on the chart (a fairly obvious bear flag), which didn't really end up happening but it did form a double top and came down to the levels that I was talking about... Anyway, I've loaded up and I'm ready for the next run 🤑
MinimumWagerLvl1
â‹…
@j-pants, Oh god! Cake is heating up! I was looking a point to load up more so I saw your analysis and comment. And bought some extra from 41 it went down to 40 but who cares. I will be following you till we are 120 dollars 🤑🤑
Lochness66
â‹…
weekends are tough.
MinimumWagerLvl1
â‹…
@Lochness66, Should we buy more? What is the dip price you think?
Lochness66
â‹…
@abdullah77simsek, who knows! Hard to determine with such a small data set.
MinimumWagerLvl1
â‹…
@Lochness66, Yea deff there is not much data to show us the way. Profit sold half waiting in buy all the dips until the next pump.ppa
j-pants
â‹…
yeah CAKE was due for a little correction, but I think it's safe to say the new floor should be around $30-35... We'll definitely pump again since pancakeswao is such a defi juggernaut