Pancakeswap (CAKEUSD) Price: Triple Bottom Chart pattern at $2.84 Triggers Bullish Trend ByAzeez MustaphaPRO INVESTOR Updated: 11 August 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage Bulls may continue pushing up the priceCAKEUSD Price Analysis – August 11 Should the bulls increase their momentum and penetrate the resistance level at $4.66, the resistance levels of $5.01 and $5.55 may be tested. In case the bears push down the price, it will be confronted by the barriers at $4.20, $3.70 and $3.49 support levelsCAKE/USD MarketKey levels:Resistance levels: $4.66, $5.01, $5.55, $6.03Support levels: $4.20, $3.70, $3.49, $2.84CAKEUSD Long-term trend: Bullish PancakeSwap is bullish in the daily chart. The coin tested the support level at $2.84 three times to form a triple bottom chart pattern. This is a bullish chart pattern indicating that the price may soar higher. On 27 July, a bullish engulfing candle formed at the support level of $3.49, which triggers the bullish momentum. The former resistance level of $4.20 turned to support level. The coin is trying to break up the $4.66 price level. PancakeSwap is trading above the 9 periods EMA and 21 periods EMA which indicate an increase in the bulls’ momentum. Should the bulls increase their momentum and penetrate the resistance level at $4.66, the resistance levels of $5.01 and $5.55 may be tested. In case the bears push down the price, it will be confronted by the barriers at $4.20, $3.70 and $3.49 support levels. Meanwhile, the relative strength index period 14 is at 71 levels with the signal line pointing up to indicate buy signal. Buy Pancakeswap Now Your capital is at risk. CAKEUSD medium-term Trend: Bullish CAKEUSD is bullish in the 4-hour time frame. The bullish trend has placed the price of PancakeSwap at $4.66 level. The price is trying to break up the just mentioned resistance level, and further price increase is possible. The price is currently testing the resistance level at $4.66. PancakeSwap is trading above the 9 periods EMA and 21 periods EMA. The Relative Strength Indicator period 14 is above 50 levels exhibiting a buy signal.Related How to Buy Tamadoge Visit Tamadoge Website Join Our Telegram channel to stay up to date on breaking news coverage