Technical analysis by Cos14b about Symbol CAKE: Buy recommendation (11/7/2021)

- cake breaking resistance for 3rd time, showing significant bullish momentum- this is also supported with on chain analysis-- TVL at 79.31 %- top 3 wallet holding cake liquidity providers currently at 23.27 mill cake, couple days ago at 24.76, so with increasing supply price going up shows demand is there and charts are pointing to this------ BULLISH!!!!- make sure to stake directly on pancakeswap- this will reduce the chance of exchanges making commision and selling down! therefore we'll see much higher prices sooner!!