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CAKEBUSD

Pancake Swap TrendThe last month has been quite a ride for the easily accessible swaping and staking platform "PancakeSwap". Here we can see in a 4 day cycle they have had a steady increase of 78% up to a maximun 123%. Since the platform hasnt reach its full potential and if it keeps following this trend. It will pass by uniswap in the following month to come. Give it atleast 3 more cycles and we could see the price increase anywhere from $10 to $25. Since the platform burns excess coins by lotery and has an easy to understand platform. They also have pools with 100%+ APY with extremely low fees that help increase value. If your new to the crypto world, do not jump quickly into a swap. First dip your toes with simple exchanges and once you feel you have a firm understanding, concentrate your attention to platforms like PancakeSwap. BINANCE:CAKEBUSD
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by Lightests
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CAKEBUSD - Neutral, with potential reversal signsTo keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome. Trend: bullish (HH, HL), but getting harder to make HH with reducing volume Note: - Hard to get a read on this chart. Potentially forming a rising wedge that could break down. - Volume decent, but decreasing Trade: - No clear trade that I see. - Could continue upwards if we break/close above 4H resistance. Would trade the breakout and retest - 3 decent wicks above resistance tho, buyers could be getting exhausted and we could retrace to 0.618/D1 support level
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by Sidders
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