CAKE has followed a pattern of 50-60% gains every 2-3 weeks since its listing. This price increase is not undeserved as Pancake Swap regularly does similar volume to the much higher capped Uniswap. Even though cake has moved from under $10 to $40 it is still an undervalued project with it market cap sitting around $6.5 billion.
Since we are only about 6 days into the new consolidation period I'm not sure if CAKE is going to takeoff now, or sometime in the next 10 days.
Personally, I plan on getting in now. Chasing a pump is never wise and it seems that CAKE has cooled off a bit before its next move up. We might get this move sooner than the next ten days based on the MACD almost crossing the signal line. I'd prefer a better RSI, but I'm not looking to miss out on a coin I'm confident in (at least in the short term).
If
CAKE makes a similar 50-60% move we are looking at a price target of around $60. A good stop seems to be 33-$35 where there is some support.
Since we are only about 6 days into the new consolidation period I'm not sure if CAKE is going to takeoff now, or sometime in the next 10 days.
Personally, I plan on getting in now. Chasing a pump is never wise and it seems that CAKE has cooled off a bit before its next move up. We might get this move sooner than the next ten days based on the MACD almost crossing the signal line. I'd prefer a better RSI, but I'm not looking to miss out on a coin I'm confident in (at least in the short term).
If
CAKE makes a similar 50-60% move we are looking at a price target of around $60. A good stop seems to be 33-$35 where there is some support. 
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.