CAKE has been in a downtrend since ATH, the bottom could be in. The price is also at an all-time low currently.

Boilinger Bands indicator show a breakout at 7,50ish. If price movement could break through 9,00 resistance, we will see an uptrend. Combination of breakout on Boilinger Bands and resistance level could be huge.

Fundamentals: Pancakeswap (CAKE) is the market leader for BSC DEX´s. Pancakeswap holds the most number of coins, pairs, visits and also has the highest market share on BSC (Binance Smart Chain).

Entry: 7 - 10 USD
Target: 40 USD (300 - 400% gain)

Not financial advice.

💥 Free signals and ideas ➡

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.