Reasons: 1. PancakeSwap planning to release their V2 around early Q2. expecting hype before their V2 like before UniswapV2. 2. Some of their V2 features are: Buy-back and burn mechanic to trading fees. Auto-compounding pools, Referral program. 3. They also developing into: Prediction market, more NFT & gamification platform, Lending & borrowing. 4. by TA...
I think CAKE will drive its way into the triangle then breakout to the upside. DO you agree?
Look at this chart... what do you see? 20x in 1 month... RSI at 98... holy #@$%. This is a testament to the DEFI growth on Binance Smart Chain and BNB also shows a similar growth in January/Feb... BNB is now 3rd largest coin if you exclude USDT. From a technical perspective, MACD is as bullish as it gets... RSI is curving slightly as does volume. So I expect...
We can see the tight squeezing of pricing into a triangle. Expect to see a breakout to the upside and up towards 1 & 4 hour resistance levels.
CAKE PancakeSwap Bullish Divergence 5X 10X Possibility CAKEBUSD CAKEBNB