$CAKE, a long term gem.
Aggiornato
Back to early 2021, Pancake Swap was one of the most participated DEX. Volume, DAU and TVL growing make 
CAKE sky-rocketed to $40.
Then, bear market and DeFi winter came (along with lots of exploit on BSC DeFi protocols) andCAKE price heavily dumped to the bottom of $3.
In the last 2 months,CAKE managed to bounce to $4, thanks to the market rally and some new Pancake Swap development. But the weekly candles growing weak, into a reversal pattern.
CAKE will have to back test $3 level before bounce back higher in 2023.
Entry: $3.1-$3.3
Stoploss: $2.8
Target: $4.5 - $6 - $10 (longterm)
CAKE sky-rocketed to $40.Then, bear market and DeFi winter came (along with lots of exploit on BSC DeFi protocols) and
CAKE price heavily dumped to the bottom of $3.In the last 2 months,
CAKE managed to bounce to $4, thanks to the market rally and some new Pancake Swap development. But the weekly candles growing weak, into a reversal pattern.CAKE will have to back test $3 level before bounce back higher in 2023. Entry: $3.1-$3.3
Stoploss: $2.8
Target: $4.5 - $6 - $10 (longterm)
Nota
Price maybe fluctuate, but the projection is still there. We held a bag at $3.4 and buy more if CAKE ever hit $3
Follow us here on TradingView for daily updates and trade ideas on the cryptocurrency market.
Thank you for your support!
Visit our website for more educational content.
Join our Telegram Trading Channel:
t.me/CLtradinghub
Thank you for your support!
Visit our website for more educational content.
Join our Telegram Trading Channel:
t.me/CLtradinghub
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.