Tickeron detected bearish Crypto Pattern: Head-and-Shoulders Top on December 16, 2023

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12/17/23

Head-and-Shoulders Top

CVP.X - PowerPool cryptocurrency

Emerged: 12/16/23

Breakout: $0.3483

Price: $0.354665

Target price: $0.3308

A.I.dvisor detected a bearish Head-and-Shoulders Top pattern for CVP.X stock. This pattern was detected on December 16, 2023 . The odds of reaching the target price are 7. The pattern forms with a center peak (the Head, labeled 3) and left and right Shoulders (1, 5). Eventually the security stops testing highs and reverses trend into a decline. Consider selling a security short before it declines or buying a put option to benefit from the price decline. To improve success chances, wait for a confirmation move: allow the price to break below the Neckline level (2, 4), which is calculated as the average of the two lows between the Head and the Shoulders.

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CVP.X

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