PancakeSwap is an automated market maker, a decentralized finance application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. Cake's price rose as its popularity did; then cake entered a corrective phase, a long one. It seems cake's price is headed toward the Fibonacci's golden pocket 0.618-0.65 area. Let's see if price can reverse from this area or goes down further.
Nota
Cake analysis is updated: Cake broke the major downtrend line.
Nota
So, Cake broke the major downtrend line, went up and reached the first horizontal resistance area, but couldn't break it and came down. It seems Cake is moving in an inverted wedge pattern and is currently trying to start a new upward wave. Let's see what happens.
Nota
So, as it turned out, CAKE was moving down in a descending channel. Now, it seems CAKE broke this channel is going up. Let's see if CAKE can reach the major horizontal resistance area again, or even break it. Let's see what happens.
Trade attivo
So, CAKe broke the descending channel and is going up toward the major horizontal resistance area. Let's see what happens.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.