There has been an incredible dump of CAKE over the past month, and I believe the bottom is in after printing an ATL at $1.77. There have been eight consecutive candles near the ATL along with massive burns of the token since the dump started. I've marked fib channels showing the way back up, but I don't think the red .236 line will present much of a challenge....
ChainGPT appears in break out territory. If price clears 0.20 then Bull is confirmed.
New kid on the block Carbon (CSIX) soon to be back firmly above 0.10 if this cup and handle pattern plays out. ☕️ TP1 - 0.12 TP2 - 0.14
PanCakeSwap broke-out bullish, let's enter on 100EMA / descending Trend-Line retest. Current Price= 0.0004450 Buy Entry= 0.0004228 - 0.0003888 Take Profit= 0.0005084 | 0.0005709 | 0.0006713 Stop Loss= 0.0003234 Risk/Reward= 1:1.25 | 1:2 | 1:3.22 Expected Profit= +25.28% | +40.69% | +65.43% Possible Loss= -20.31% Fib. Retracement= 0.5 | 0.618 | 0.786 Margin...
$CAKE's new Deflationary Mechanism Lowers Generating New $CAKE's. It was 40 Earlier and now It's 20. CAKE Compounding Rates are getting lower but Circulation is getting lower. twitter.com