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forextraderssydney
Apr 1, 2021 4:18 AM

STAKE ready to explode! (*beautiful cup and handle pattern*) Long

Description

Fundamental analysis:

Stake was endorsed by Vitalik 6 months ago but people forgot due to lots of new hype around NFTs and DeFi.
As far as I'm aware Matic and xDai(STAKE) are the only 2 Ethereum second layer solutions ready right now!
Both projects have a 50% circulating supply from the max total token supply.
Matic has an approximately 20x bigger market cap than Stake.
Stake is still not listed on major exchanges which represent multiple X potential in price appreciation.

Technical analysis:

Beautiful Cup and Handle formation is in correlation with fundamentals and market cycle.

Target1: $72
Target2: $104
Target3: $200

This is not financial advice.
Please do your own research.

Happy trading!
Comments
Aido1993
This project may be dead….. complete flat lining by end of 2021.
So I did the math on a holding I was going to buy back in January.
I was going to buy polygon and xdai at the same time but instead I just bought xdai
That Polygon holding today would be worth 1.4mill
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