CAKE / TetherUSLong
Do You Think Now is a Good Time to Buy CAKE?
CAKE is nor 91% below it's ATH
If we buy now, and it goes to its ATH, we have a potential to gain more than 10x profit.
Even if it doesn't go to ATH, let's say only half to it's ATH, it's stilll 5x profit. Pretty damn good, aye?
In a shorter term, we can see that CAKE:
1. Bounce from it's support
2. Is in 618 fib retracement
We only need to wait for it to reclaim 50 EMA for further confirmation.
My target for shorter term will be around 5.8 USD
We can also use the CAKE bag to farm/stake, for additional income
If we buy now, and it goes to its ATH, we have a potential to gain more than 10x profit.
Even if it doesn't go to ATH, let's say only half to it's ATH, it's stilll 5x profit. Pretty damn good, aye?
In a shorter term, we can see that CAKE:
1. Bounce from it's support
2. Is in 618 fib retracement
We only need to wait for it to reclaim 50 EMA for further confirmation.
My target for shorter term will be around 5.8 USD
We can also use the CAKE bag to farm/stake, for additional income
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.