Time to have your CAKE and eat it too.

CAKE has been printing lower lows since its Binance listing and has now formed a reversal pattern with higher lows beginning to emerge. Looking at various charts similar patterns can be seen as a launch pad for much greater gains. MACD on the 4 hourly is crossed over in an upward swing as are the 20 and 50 day MA's now crossed upwards showing momentum is shifting to the upside.

PancakeSwap is a decentralized exchange hosted on the Binance Smart Chain and is part of the new wave of decentralised exchanges currently sweeping the crypto space - thought to have the potential to rival Ethereum in the near future. As such the new smart chain tokens appearing on Binance are looking to be seriously hot stuff.

Yet to moon in a market after its recent listing in a market that is producing gains into several thousand percent's and upwards, I will be HODL'ing my CAKE for quite some time to come, I'm sure it will taste that much sweeter at the other end.