Pancake Swap (CAKE): Looking For Breakout | Bullish Triangle

577
Pancake looks good for long here, where we are at the last pressure point in that triangle pattern, which is hinting to an upcoming volatile breakout (or even breakdown, who knows).

Either way, based on the overall market status currently, we are looking more for the bullish breakout here, which would then need to be confirmed with a proper retest on smaller timeframes, which then again would give us a good opportunity for a long position!

Swallow Academy

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.