Pancake Swap looking bullish if we get a retracement to 0.21 which is 0.382 on the fib this may be a good buy in point. The first move took 27 Days and it looks to be repeating the same pattern if so we may see something like this.?
Maybe it happens faster. A breakout would be at 0.26 probably a safer entry.
(NOT FINANCIAL ADVICE DYOR!)
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Shortly after the chart was created, the support and resistance points are weak.
Check only the flow of the chart.
You should watch for any movement that deviates from the...
looking at the strong performance of UNISWAP i wonder if we also could see a 5x or more gain on CAKEUSD, so far UNIUSD performed well...and pancakeswap is similar...
Pancake has been basing for awhile. I need some CAKE for 100% APR farming anyway
Pancake catalysts
- Emission reduction
- Prediction markets and options trading
- Referral programmes: network effects
- Gamification : NFT airdrops, games
- Lending/borrowing
- UI/UX upgrades
TA,
- MACD cross
- Holding $10.5 level
With its usage and Binance looking to vampire attack the ethereum chain, its possible that cake heads up to 50 dollars and flips uniswap. I dont think its a bad mid term hold.
