Technical analysis regarding the price of PANCAKE SWAP in relation of dollar Tether for the next scenarios, based on 15 minutes movement.
In this shorter period chart (yes, M15 is a very warm chart to consider something), but in my view, we can already get valuable information regarding the price.
It is forming a symmetrical triangle (descending tops and ascending bottoms) and well, it is a pattern of uncertainty (we do not know which previous direction the price will take), but it seems that it will be very high, as there is a tremendous demand in this cryptographic.
We will see in the next scenarios whether this training will materialize! I believe that we will see PANCAKE reaching new ATH more and more throughout the scenario.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
In this shorter period chart (yes, M15 is a very warm chart to consider something), but in my view, we can already get valuable information regarding the price.
It is forming a symmetrical triangle (descending tops and ascending bottoms) and well, it is a pattern of uncertainty (we do not know which previous direction the price will take), but it seems that it will be very high, as there is a tremendous demand in this cryptographic.
We will see in the next scenarios whether this training will materialize! I believe that we will see PANCAKE reaching new ATH more and more throughout the scenario.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***