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Coinpedia-Market-Insight

Head and shoulder formation in Cake

CAKE / TetherUS (BINANCE:CAKEUSDT)  
Coinpedia-Market-Insight Updated   
BINANCE:CAKEUSDT   CAKE / TetherUS
Trend Analysis Chart Patterns Head and Shoulders cakeusdt cakeusd Contains image
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trendanalysis chartpattern headandshoulders cakeusdt cakeusd containsimage
* Cake in 1H time frame forms a Head and Shoulder pattern, which is a trend reversal pattern occurs during bull run.
* It appears with three peaks in which the two outer peaks are smaller in compare to the middle one.
* Cake has a support near $20.960, if it breaks it's support we can see a drop till $19.800.
Comment:
Break of support
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