$CAKE, a long term gem.
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)
Note
Price maybe fluctuate, but the projection is still there. We held a bag at $3.4 and buy more if CAKE ever hit $3
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.