CAKE-PancakeSwap-USDT (OVERVIEW)
Updated
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 🐶
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 🐶
Trade closed manually
Comment
**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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