CAKE/USD - Have you seen RSI at 100 before? Here it is!🚀
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 some form of sharp correction to cool-down this rally at some point. I do not know when this can happen as this can continue to go up as long as adoption of BSC, BNB and PancakeSwap continues to grow exponentially with refugees from ETH network that are sick to pay $50 for a swap.
Quite an unique chart. Congrats if you bought under $1.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
RSI at 98... holy #@$%.
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 some form of sharp correction to cool-down this rally at some point. I do not know when this can happen as this can continue to go up as long as adoption of BSC, BNB and PancakeSwap continues to grow exponentially with refugees from ETH network that are sick to pay $50 for a swap.
Quite an unique chart. Congrats if you bought under $1.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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