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Coinpedia-Market-Insight
Aug 18, 2021 11:33 AM

Head and shoulder formation in Cake 

CAKE / TetherUSBinance

Description

* 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
Comments
twentys
well this didnt happen
mimimomimi
incorrect prediction
ATH_Buyer
Head and Shoulder everywhere ..
Coinpedia-Market-Insight
@ATH_Buyer, Actually yes!
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