CAKE Update: Will it Fall Like a Soufflé? 🩸🫨
$CAKE formed a bearish Head & Shoulders pattern and dipped below a major support zone ($1.76 - $1.93) This could be a 35% buying opportunity if it rebounds, but a close below could send it crashing towards $1!
Here's the breakdown for #CAKE :
Head & Shoulders Pattern suggests a downtrend
Faked out support at $1.76 - $1.93 zone ̼
35% upside potential for a bounce
Close below the zone could trigger a drop to $1
What's Your opinion on #pancakeswap ??