Cake has recently broken out of its upward trend as competitors rush to push in front of pancakeswap on BSC. After seeing this I would advise caution when seeking out some of that sweet syrup. I could be wrong, what the f*ck do I know.
MACD very bearish, RSI leaning closer to undersold, and we have recently passed under the EMA 50 on the Daily chart (under both EMA and SMA on the 4 hour.)
Could see a nice bounce off our lower fib retrace line, but it seems like the bears sitting on the bulls with this one considering the extreme deviation from BNB as well.
Take care everyone.
MACD very bearish, RSI leaning closer to undersold, and we have recently passed under the EMA 50 on the Daily chart (under both EMA and SMA on the 4 hour.)
Could see a nice bounce off our lower fib retrace line, but it seems like the bears sitting on the bulls with this one considering the extreme deviation from BNB as well.
Take care everyone.
Comment:
testing key support that i forgot to mark around 10.80