AlanSantana

✴️ PancakeSwap Bottom Confirmed, Time For The Bulls To Play!

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BINANCE:CAKEUSDT   CAKE / TetherUS
One signal mainly confirms that a new bullish trend is set to develop for PancakeSwap and this signal is supported by current price/market action... Let's dive in!

We are looking at CAKEUSDT, I had to activate the weekly timeframe to get a better idea as to what is happening right now, but everything looks good.

Last week, CAKEUSDT produced the highest volume ever just two weeks after hitting a new All-Time Low. Major bullish confirmation, bottom confirmed.

The same weekly candle also conquered EMA10 and EMA21 as resistance, these levels were pushing prices lower since September 2021.

And so we have PancakeSwap trading above these levels, with a bullish confirmation coming in as a huge green candle with high volume as well as a very, very strong Altcoins market and Bitcoin hitting new highs all the time.

There is only one thing left to say, it is time for the bulls to play!

You can find the targets on the chart, up to 1155% potential but there can be more long-term... Patience is key!

Your support is appreciated.

Namaste.

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