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CL-20
Apr 19, 2021 11:09 AM

Pancake - CAKE Long

CAKE / TetherUSBinance

Description

I'm buying some cake on the breakout of this falling wedge.

Cake and the defi market is only getting stronger. Pancake is a great swap site with lots of hidden gems. Good burning & good utility.

Comment

Pancake Twitter update:

"Today will be the biggest CAKE burn ever, so far."
4:26 AM · Apr 19, 2021
Comments
CL-20
A nice 85% breakout trade, however is a correction coming?
If cake can bounce of the $39 dollar line, then we could see this as support.
RSI is very high on day/4 hour. Could indicate a harsher correction is coming, however, the cake token is pretty dam useful in general and encourages holding in staking / farming.
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