$CAKE 🍰 Strong Fundamentals !!
Cake has just created a new all time high!
If price consolidation occurs above the $30 level. We can expect to make a test towards our fib extension levels.
If price does not break resistance, we could possibly see the low & mid $20 area.
I am very bullish on cake for over a few months now!
A few weeks ago around $85,000,000 worth of
CAKE where burned.
Just recently, with the new Pancakeswap update, all CAKE tokens acquired from transaction fees will be instantly burned.
With simple supply & demand principles:
The progressive CAKE burns will cause a supply shock!
First Projection:
If price consolidation occurs above the $30 level. We can expect to make a test towards our fib extension levels.
If price does not break resistance, we could possibly see the low & mid $20 area.
I am very bullish on cake for over a few months now!
A few weeks ago around $85,000,000 worth of
CAKE where burned. Just recently, with the new Pancakeswap update, all CAKE tokens acquired from transaction fees will be instantly burned.
With simple supply & demand principles:
The progressive CAKE burns will cause a supply shock!
First Projection:
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。