Pancake Swap (CAKE): Buyers Took Control Over EMAs | +22% Coming

CAKE coin had recently dumped below the local triangle pattern, which would have been a good entry for a short position, but buyers took back control, it seems.

What we see is a slight pressure and dominance from buyers, which glides the price near the broken trend area, looking for explosive movement from here.

As soon as we see that break of structure near the current, we are going to look for a long, as long as buyers maintain the dominance over 200 and 100 EMA.

Swallow Academy