CAKEDiupdate [UPDATE CAKE] What can happen?
Cake move:
Short term:
1) small pump up to 5.5-6$, deviation, dump
2) dump to the mid-range of the small range (3.5$), pump to 8-9$, then dump
Long term:
1) deviation, consolidate in the 1.5-2.5$ range, initiate new pump
2) consolidate in the 1.5-2.5$ range, final dump to Jan 2021 prices, consolidation, initiate new pump
This is true for cake and for many other alts.
Short term:
1) small pump up to 5.5-6$, deviation, dump
2) dump to the mid-range of the small range (3.5$), pump to 8-9$, then dump
Long term:
1) deviation, consolidate in the 1.5-2.5$ range, initiate new pump
2) consolidate in the 1.5-2.5$ range, final dump to Jan 2021 prices, consolidation, initiate new pump
This is true for cake and for many other alts.
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