CAKE
Long
Updated

PANCAKESWAP #CAKE Bull Flag pointing to ~ $7

1 367
Cake is the yield farming incentive token and major LP pair on Pancakeswap

And was a major winner in the last cycle

People were buying Rolex's off cake rewards from pools alone!

So it's bear market is clearly over.

And the chart appears a #DEFI season is upon us.

Current price action suggests a Bull flag.

Entry points matter - but bull markets correct mistakes if you are long.

Good luck to all.
Trade active
Broke out of the flag :)
Trade active
+40% so far
Trade active
Seems like a good re-entry area to me

break, RUN, & retest of key level
perfect chart action
Trade active
snapshot

running into some previous resistance levels

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.