In my last analysis we were able to observe a triangle that was invalidated as a result of the market crash, however not everything is negative. This fall managed to show us a bullish channel in #CAKE which is very positive.
Within this new bullish channel we have a new triangle that should break no later than the beginning of October and would have as its main...
Simply put, price needs a push through $20 if we want the move to continue. The correction from highs was steep enough for me to think this new range base can round out and give nice support for a move a move back into the 20s/30s.
I'm starting to get more bullish long-term on Pancake Swap and would love to grab more tokens in the range of $10.65-10.75.
This one will take off once we get out of this correction with lots of good news and they are taking their coin inflation seriously.
With more tokens going over the Binance to reduce fees for buyers, Pancake Swap is quickly gaining market share.