Over few hours cake has been down and tested the 16.579 support breaking the trendline channel. The reaction at that horizontal support reveals that the trendline breakout was a fake one. If we get a close above 16.579 horizontal level, we should expect a bullish move upto 18.596 resistance level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.