CAKE-PancakeSwap-USDT (OVERVIEW)

Diupdate
Hello there!👋 Thank you for stopping by today, let's get right to it 🌍👇😄🎉

Technical Overview :
🔍📈

Technically, CAKE🍰 (PancakeSwap token,) IMO, was forming what looks to be some sort of bear-ish structure/harmonic.🐻👁‍🗨

Price decided against this pattern and we are now seeing some possible bull-ish activity🥳🐮, which leads me to believe we can hit our bull target depicted above!

Additionally, price action broke up and out of a major trendline(purple,) engulfing the 💲16.0 price on ~May 31st, and has maintained bull momentum for the most part since then.

I am expecting us to reach ~💲25.05 in the near future⏲⏰✔, where it would then be wise to re-analyze.



Fundamental Overview : 📝📍

🍰🥘🍰 is a DeFi AMM platform that allows you to earn liquidity by staking the CAKE token on the BINANCE SMART CHAIN.

BSC (Binance smart chain,) is a blockchain that provides fast transactions with low gas fees.🆗👍👏

PancakeSwap launched September 20, 2020 and is now down ~54 % from its ATH price of ~$44 on April 30th of this year.😮📆

We may be seeing Pancake lovers scooping up their CAKE while it's down.. let's see👀, but remember, always use proper precautions when making large investments 📌🧐

I have also created a few other paths that I see possible, in the event that we turn bear-ish. 🙂🐻

🛑🛑🛑This is not financial advice, always have a stop🤚🛑💲 loss set🛑🛑🛑

It is a good idea to always monitor 🧐👀 BTC and ETHs movement when making any trade

Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.

Thank you so much!!!

Jazerbay 🐶
Trading ditutup secara manual
Komentar
cuplikan Hello cake lovers, this update is just to say that I am watching to see if we can break up out of this structure. If so this could indicate more bullish price action. Thank you so much!

**NOTE**

Watching BTC closely to see if in approximately 3 hours we close above 37,8k for our DAILY CANDLE. Opening long position will be risky if we can not accomplish this level.


Jazerbay ⭐
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