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BallaJi
Dec 21, 2023 10:40 AM

PANCAKESWAP #CAKE Bull Flag pointing to ~ $7 Long

CAKE / US DollarBinance

Description

Cake is the yield farming incentive token and major LP pair on Pancakeswap

And was a major winner in the last cycle

People were buying Rolex's off cake rewards from pools alone!

So it's bear market is clearly over.

And the chart appears a #DEFI season is upon us.

Current price action suggests a Bull flag.

Entry points matter - but bull markets correct mistakes if you are long.

Good luck to all.

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Broke out of the flag :)

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+40% so far

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Seems like a good re-entry area to me

break, RUN, & retest of key level
perfect chart action

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running into some previous resistance levels
Comments
Ayrrnee
Hello, why does it not grow?
BallaJi
@Ayrrnee, patience
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