CAKE Price Analysis: Double Top Pattern Fallout Teases 18% Fall In CAKE

Last weekend the higher price rejection candle at $10 resistance indicated the traders are aggressively selling on a higher level. Thus, the resulting reversal dumped the Pancake(CAKE) price back to $7.6 support with the formation of a double top pattern. A possible reversal will trigger another 14.4% fall. Key points:  The CAKE reflects a 12%

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Author: toutiao