SaeedSalehinia

PancakeSwap (CAKE)

SaeedSalehinia Updated   
BINANCE:CAKEUSD   CAKE
PancakeSwap is an automated market maker, a decentralized finance application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. Cake's price rose as its popularity did; then cake entered a corrective phase, a long one. It seems cake's price is headed toward the Fibonacci's golden pocket 0.618-0.65 area. Let's see if price can reverse from this area or goes down further.
Comment:

Cake analysis is updated: Cake broke the major downtrend line.
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