CAKE has been taking a breather the last week, but could be ready to start moving again. It has multiple bullish signs.
Still within this ascending channel since March. Bounced off the lower trend line, forming a bull flag and a hammer candlestick.
If it stays within the channel we can be hitting $65-110 in the next of couple weeks, while a break above could...
okay this is a lot to take in. we only saw 1 tiny correction back around march for cake. so only data we can go off of. if we over lap that pattern to the current pattern we might be able to get an idea how low we can go before another leg up. so far the pattern is pretty close to what we are seeing now. so we just add the tail end. just an idea.
Someone call the police because CAKE has been killing it and it does not want to stop.
As the premier DeFi project on the Binance Smart Chain, CAKE has been growing in leaps and bounds.
CAKE already hit the $38 dollar target and appears to have another 2x or 3x in it before it slows down.
At the time of writing CAKE is sitting at a market cap of 6.4B dollars....
1. Pancake V2 product incoming next week Auto-compounding $CAKE Syrup Pool, prediction market.
2. Every trade you make on the V2 exchange will burns $CAKE.
3. more product/features incoming
4. but be cautious of possible cooling down to the 100 SMA yellow line.
!! That is my personal hope & observation nor financial advice. I am not self-claimed...
looks like we might finally consolidate around the $40 mark. by the end of the week we will be breaking back down more or testing ath and $50. i personally don't think we will go below $34 again unless we get a massive short term crash. a lot of support at $34. just my opinion.
some of you wanted an update. hard to say what exactly cake will do being in alt season and all. but eventually we will see a pretty decent size correction, first correction to the previous breakout of $36.50 roughly and it lines up perfect with the fib golden pocket. just gotta take one day at a time, alt season can be crazy and have the unexpected pumps.