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CAKE.X Crypto Tickeron detected bearish Crypto Pattern: Cup-and-Handle Inverse CAKE.X on June 13, 2024, netting in a 29.50% gain over 3 weeks

A.I.dvisor
at Tickeron.com
07/05/24
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+29.50% Gain from a Successful pattern Cup-and-Handle Inverse
CAKE.X - PancakeSwap cryptocurrency
Ticker: CAKE.X
Company: PancakeSwap cryptocurrency
Gain from shortening: +29.5%
Confirmed: 06/13/24
Succeeded: 07/04/24
Total length: 22 days
On June 12, 2024, A.I.dvisor detected a Cup-and-Handle Inverse Pattern (Bearish) for PancakeSwap cryptocurrency (CAKE.X, $2.563848). 1 day later, on June 13, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On July 04, 2024, the stock hit the target price of $1.865000 – resulting in a +2 gain for traders who shorted the stock on the pattern detection date.

CAKE.X sees MACD Histogram crosses below signal line

CAKE.X saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on October 02, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 46 instances where the indicator turned negative. In of the 46 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

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CAKE.X
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