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Cakeusd

PANCAKESWAP CAKE back to $22 before pancakeswapV2 ?Reasons: 1. PancakeSwap planning to release their V2 around early Q2. expecting hype before their V2 like before UniswapV2. 2. Some of their V2 features are: Buy-back and burn mechanic to trading fees. Auto-compounding pools, Referral program. 3. They also developing into: Prediction market, more NFT & gamification platform, Lending & borrowing. 4. by TA perspective,, Finally 4H MACD back bellow 0 after a looong bullish week. 5. 4H candle hit the 100 SMA line, and hopefully cross my bearish structure. 6. Bitcoin on-chain data by Glassnode & CryptoQuant looking good, preparing to continue the bullrun. -- !! That is my personal hope & observation nor financial advice. I am not self-claimed pro/wizard TA analysist lol. just documenting my own reasons of my investment & trading.
CLong
by rafiirfan
1
CAKE/USD - Have you seen RSI at 100 before? Here it is!🚀Look at this chart... what do you see? 20x in 1 month... RSI at 98... holy #@$%. 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!
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by DU09
9