This is my first look into PancakeSwap token also called CAKE
Launched on Binance Smart Chain. The hottest blockchain right now.
It made an ATH on debut on Binance exchange of $18
Been on a downtrend ever since to find balance, solid base where it can begin a definite move.
I guess many FOMO'd buying top on launch, while whales traded gains on Long and Short.
Downward trend found balance at near $10.
Volume show down trend accordingly.
RSI similar trend since launch.
Major Milestone on chart for CAKE to work out. Once overcame, it start ascending journey.
Hopefully BTC does not pressure it to break below $10.
Overtime CAKE is good choice.
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Share your thoughts!
Launched on Binance Smart Chain. The hottest blockchain right now.
It made an ATH on debut on Binance exchange of $18
Been on a downtrend ever since to find balance, solid base where it can begin a definite move.
I guess many FOMO'd buying top on launch, while whales traded gains on Long and Short.
Downward trend found balance at near $10.
Volume show down trend accordingly.
RSI similar trend since launch.
Major Milestone on chart for CAKE to work out. Once overcame, it start ascending journey.
Hopefully BTC does not pressure it to break below $10.
Overtime CAKE is good choice.
Follow 🚶
Like 👍
Share your thoughts!