Bake
What will happen to BAKE?From the place where we placed the red arrow on the chart, it seems that the BAKE correction has occurred.
This correction looks like a diametric as we are now in wave E of this diametric.
In the green range, wave E is expected to end and then we enter wave F.
We are looking for buy/long positions in the green range.
Closing a daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Alikze »»CAKE | Reverse head and shoulders pattern🔍 Technical analysis: Reverse head and shoulders pattern
- In the previous analysis , it was mentioned that a head and shoulders pattern was formed, that the last correction log can extend to the range of 1.17.
- As mentioned, it is moving in a descending channel.
- Demand was met at the bottom of the descending channel and the range, which experienced a growth up to the top of the channel and the broken zone.
- Currently, in weekly and daily time, in addition to the descending channel, it is in a concentration.
- In addition, it is suspected that the head and shoulder pattern is the opposite. Therefore, I expect it to advance to the supply zone after the last bearish leg and the right shoulder are completed, out of congestion.
💎 Note: It is necessary to explain that the right shoulder should not be extended to the previous area, in which case the alternative scenario should be checked and the post updated.
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BINANCE:CAKEUSDT
#BAKE/USDT SPOT LONG ENTRY#BAKE/USDT SPOT LONG ENTRY
Leverage: 3x
Entries: $0.2696
Take profit 1: $0.2788
Take profit 2: $0.2959
Take profit 3: $0.3243
Stop Loss: $0.2555
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
Thanks
The sroced.
BINANCE:BAKEUSDT
Is BakeUSDT Ready to Skyrocket, or Will It Collapse? Yello, Paradisers! Have you been watching #BakeUSDT's impressive uptrend over the past few days? It's been making some solid gains, but is it about to face a critical turning point? Let's dive into the details.
💎#BakeUSDT is now sitting on a key support level, which was previously a resistance zone. This support aligns perfectly with the Fibonacci retracement levels of 0.618-0.66, suggesting a strong probability of an upward move from here.
💎If the support at 0.2605-0.2527 holds, we could see BakeUSDT pushing higher, first facing resistance at 0.2927. Beyond that, the next crucial resistance levels are 0.3109 and the stronger resistance at 0.3342.
💎However, if BakeUSDT fails to hold this support, the price may drop to the bullish order block around 0.2359.
💎Beware—a close below 0.2250 on the 4-hour chart would invalidate the current bullish trend.
This is a make-or-break moment for BakeUSDT. Whether you’re bullish or bearish, keep these levels on your radar. Discipline and patience are crucial right now. Remember, the market doesn’t reward hasty decisions. Stay sharp and make sure your strategies are aligned with these key levels.
Strive for consistency Paradisers, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
BAKE ANALYSIS (1D)The past few days, when the whole market dropped, BAKE experienced a slight drop. How BAKE will be Boolean?
According to BAKE, it has the ability to rise up to the specified supply range, but in this range, you can look for a sell/short position.
tp can be the range of Demand.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BAKEUSDT.1DThe chart you've shared for BAKE/USDT on the daily timeframe offers a comprehensive analysis of BAKE's price action, highlighting key resistance and support levels and incorporating the MACD and RSI indicators. Here's my detailed analysis:
Current Situation
Price Level: BAKE is currently trading at $0.3488.
Recent Price Action: The chart reveals a volatile but somewhat stabilizing pattern after a steep decline earlier in the year.
Support and Resistance Levels
Resistance Levels (R1 and R2):
R1: $0.4060
R2: $0.5318
Support Levels (S1 and S2):
S1: $0.2872
S2: $0.1872
Technical Indicators
MACD: The MACD is showing a slight bullish momentum as the signal line is below the MACD line, suggesting potential upward price movement.
RSI: The Relative Strength Index is at 58.61, which indicates that the asset is neither overbought nor oversold, offering room for movement in either direction without immediate pressure from overvaluation or undervaluation.
Analysis and Conclusion
The current market structure for BAKE suggests that the price has been recovering from its previous lows and is now consolidating around a mid-level between its established support and resistance. This indicates a cautious optimism in the market, possibly waiting for further cues to define the direction.
Trading Strategy
Bullish Scenario: If BAKE sustains upward momentum and breaks through the resistance at $0.4060, it could potentially move towards the higher resistance at $0.5318, indicating a strong buying interest.
Bearish Scenario: Should BAKE fail to hold the current level and breaks below $0.2872, it could see further decline towards $0.1872, reflecting increasing selling pressure or lack of buyer interest at higher levels.
Final Thoughts
As an investor or trader, it's essential to watch how BAKE interacts with these critical levels. A proactive approach would be to set stop losses just below $0.2872 for risk management, and consider taking profits near resistance levels if entering long positions. This analysis should be supplemented with ongoing assessment of market news and overall crypto market trends to adjust strategies accordingly.
BAKE Technical Analysis in a 2-Day TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
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~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
BAKE is at the resistance trendline of $0.33 and is attempting to break out. The 50 EMA provides strong support for BAKE, and if it continues to hold, we could see a bullish move soon.
With 18 hours left for this 2-day candle to close, BAKE needs to close above the resistance trendline for a bullish reversal.
On the downside, if BAKE gets rejected, the 50 EMA serves as the first line of support, followed by the lower support range between $0.1653 and $0.2226.
Key levels:
- Resistance: $0.333
- Primary Support: 50 EMA ($0.2995)
- Lower Support: $0.1653 to $0.2226
- Target: $0.9062
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
#BAKE/USDT SHORT TRADE IDEA#BAKE/USDT SHORT TRADE IDEA👹
Leverage: 20x
Entries: $0.3186
Take profit 1: $0.3139
Take profit 2: $0.2997
Take profit 3: $0.2628
Stop Loss: $0.3427
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
BINANCE:BAKEUSDT.P
BAKE: Breakout will push price by 200%#BAKE/USDT #Analysis
Description
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+ BAKE has repeatedly retested a key support zone, demonstrating resilience as the price continues to hold strong at this level. The latest test of this support presents a potential opportunity for a bounce back.
+ Multiple Retests: The price has tested this support zone multiple times, each time holding firm, which reinforces the strength of this level.
+ Current Setup: The price has once again hit the support, and we anticipate a bounce back from this zone, offering a favorable setup for a long trade.
+ Trade Opportunity: Given the consistent strength of this support zone, entering a long position with a target based on the expected bounce could be a promising strategy.
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VectorAlgo Trade Details
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Entry Price: 0.2918
Stop Loss: 0.1790
------------------------------
Target 1: 0.3442
Target 2: 0.4085
Target 3: 0.5613
Target 4: 0.8131
------------------------------
Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Alikze »» CAKE | Head and shoulder pattern scenario🔍 Technical analysis: PullBack to broken structure
- According to the analysis presented before, after touching the supply range, it faced selling pressure.
- It is moving in a downward channel in the daily time frame.
- In the last update, after reaching the 3.13 range, it faced selling pressure again, which touched the downward target in the range of 1.56.
- Currently, the level of 3.13 has returned as much as 100% of the previous wave.
- As can be seen, a head and shoulders pattern has been formed, which is confirmed by the break of the trigger line and neck line.
💎 Therefore, considering that it is located at the bottom of the channel, it can touch the target of 1.17 with pullback to the neck line.
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Alikze »» ENA| Movement in the descending channel🔍 Technical analysis: Movement in the descending channel
- In the analysis presented in the previous post , it was able to move up to the 0.78 Fibo range according to the predicted movement path, which then encountered a correction that also traversed the alternative path.
- Currently, after breaking the downtrend channel, it has re-entered the channel.
- It is moving in an ascending channel in the 12H time frame.
- After breaking the support area, which is now a supply range for an upward trend, it has faced selling pressure, which, of course, has tried to break it several times, which has failed so far.
- Therefore, if it can maintain the 0.39 area and stay above it, it can break the supply area and have an upward movement up to 0.586.
- Furthermore, considering that the supply zone is in the middle of the downward channel, if it fails, it can test the 0.78 Fibo zone again.
💎 Alternative scenario:
In addition, you should note that breaking and stabilizing below the 0.39 area can continue the downward trend up to the Fibo range of 1.618.
🎯 Targets: 0.586 - 0.78 Fibo
🟩 Support: 0.39
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BINANCE:ENAUSDT
Alikze »» HFT | Support at the bottom of the descending channel🔍 Technical analysis: Support at the bottom of the descending channel
- It is moving in a downward channel in the daily and 12H time frames.
- Currently, there is demand in the area of the bottom of the descending channel and the beginning of the movement.
- Therefore, if this demand continues in the range of the green box, it can continue its growth up to 0.195 first.
- In addition, if it stabilizes at the top of the range, it will succeed so that the supply range and channel ceiling have an upward trend.
💎 Alternative scenario: if it cannot maintain the green box area and the bottom of the channel, this correction can continue up to the range of 0.0977.
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BINANCE:HFTUSDT
Alikze »» IMX | Head and shoulder pattern scenario🔍 Technical analysis: Head and shoulder pattern scenario
- In the weekly frame time, there was a three -wave move that has grown to 1.272 for its previous wave.
- According to the analysis presented before leaving the triangle density in the 4th wave of correction, it succeeded in the supply zone of growth and defeat it.
- After that, it faced a lack of stability at the top of the supply zone.
-This unsuccessful failure area of the supply area is a head and shoulder pattern.
- Currently, there is a currency pattern that can have a growth of a dynamic trigger.
- If the line is broken, the head and shoulder pattern will be approved and can be modified in the first step until the Golden Zone, and then the Priz area will continue and even move to the origin of the movement.
💎 Replacement scenario: If it can be removed from the corner, it can test the supply area, but the head and shoulder pattern will not be valid until the supply zone is broken and will confirm the pattern by defeating the line.
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Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
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Alikze »» BAKE | Pullback to descending structure🔍 Technical analysis: Pullback to descending structure
- It is moving in an ascending channel in the daily time frame.
- So far, there have been several positive reactions to the bottom of the channel, which has led to the upward jump of the price.
- It is currently facing an important supply range due to the positive reaction to the bottom of the channel.
- Therefore, if it cannot stabilize above the supply area, according to the downward momentum, it can lead to the breaking of the bottom of the channel and correction to the range of 0.195.
- So in case of this event, this reversal can be a pullback to the broken structure to continue the downward path.
💎 Alternative scenario: if it can influence and stabilize above the supply area, it can fill the FVG gap in the first step and after correction and support in the middle area of the channel, it will reach the target of 0.488.
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Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
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BAKE looks bearishFrom where we put a red arrow on the chart, it looks like the BAKE correction has started.
This correction appears to be a diametric, whose wave D is now ending.
We expect the red range to maintain and drop downwards.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BAKE Prints Bullish Crossover — 36% Potential + Solid Backtest RBakeryToken flashed a bullish MACD crossover on the daily chart.
Based on backtests, the signal provides a solid win rate of more than 90% for 2% and 5% gains. Even for 10% gains, the win rate is more than 82%.
Additionally, the trend indicators are entirely bullish across all timeframes. Momentum indicators are neutral, which further backs the bullish setup.
Summarized, indicators signal a super interesting scenario for an entry.
Bake ideaBake chart is very difficult but now its very clear to me as you can guess the moves after watching my chart. As C H o C H was done thats why will look for only longs in perfect poi. As poi is marked onto the chart so its clear that this is the zone for long position but question is at which entry point. For that i used fibb. levels.
$BAKE BULLISH FROM HERE !👨🏻💻 $BAKE /USDT
#BAKE has broken out from a symmetrical triangle pattern on the daily chart🧐
The breakout signals the potential for a massive bullish wave towards the $0.54 resistance zone📈
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Follow #CryptoEase and Share it With Your Crypto Mate 😉
BYBIT:BAKEUSDT.P