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BAKEBUSD (BAKE) - BUY ENTRY ANALYSIS 🔎 - BAKEBUSD was resisted by the descending trendline resistance (DTR). - Price brokeout above the descending trendline resistance and retraced. - Price is retesting the descending trendline resistance and key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this zone. - Price action is printing the inverse head and shoulders pattern (IHAS). - This is a bullish reversal pattern. - There's an uptrend continuation possibility. BUY ENTRY ⬆️ - Conservative entry : breakout above the inverse head and shoulders neckline resistance. - Aggressive entry : market price. TARGETS 🎯 - Horizontal resistance level (R1). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the head horizontal support level (S1).
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by Chibuike_Odoh
BAKEBNB (probably far-fetched)There is hardly any analysis behind that... Simply random pattern matching (extrapolating pump waves into the last one). However, is it likely to happen? Maybe, if the circumstances were perfect... Huge BTC pump, then movement sideways for alt-season to accelerate. We would have to see some interesting projects appear on BakerySwap as well. It could turn out to be 12345ABC Elliot wave, then there could be another big drop in price. “History Doesn't Repeat Itself, but It Often Rhymes” ~ Mark Twain
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by papaya_musical_analysis
BAKEBUSD - BUY ENTRY ANALYSIS 🔎 - BAKEBUSD was bounded in the falling wedge (FW-1) pattern. - Price brokeout above the falling wedge's (FW-1) resistance. - The market then retraced and is testing the key fibonacci retracement levels (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at the test zone. - Price action is printing another falling wedge pattern (FW-2). - A falling wedge pattern is a bullish reversal pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the falling wedge's (FW-2) resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the falling wedge's support and the 0.786 fibonacci retracement level.
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by Chibuike_Odoh
BAKEBUSD (BAKE) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - BAKEBUSD was bounded in the falling wedge pattern. - Price brokeout above the falling wedge's resistance. - The market then retraced and is testing the ascending channel key fibonacci retracement levels (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at the test zone. - Price action is printing the double bottom pattern. - Double bottom is a bullish reversal pattern. - There's an uptrend continuation possibility. BUY ENTRY ⬆️ - Breakout above the double bottom neckline resistance (NR) TARGETS 🎯 - Horizontal resistance levels (R1). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the double bottom horizontal support level (S1).
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by Chibuike_Odoh
BAKE / BUSD - 1 HOUR - BUY / SELL ZONES#BAKE / BUSD - 1 HOUR - BUY / SELL ZONES Check out our Premium Signals Links to our website are below. STRONG BUYS #ADA #CAKE #BTC #ETH #BITCOIN NOT #DOGE #DOGECOIN add us to your like / watch list We hope you find our charts of use. Want a Custom Chart Made? our contact details are at the bottom of the page, WallStretDefi have been trading for 20+ years on the stock markets and 12+ years in the Crypto Space, we are here to share our ideas with you. DO NOT BE LEFT BEHIND - The Crypto Bull Market Is here right now and will likely move a lot higher in the coming months and years. If you want help trading Bitcoin or any other ALT coins hit us up , WallStreetDefi will improve your trading, Have a look at the links below.
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by WallStreetPremium
4
Soon #Bake will outperform Binance CoinTake a look @ 4H chart for # Bake/Bnb Soon # Bake will take over Bake is having every day good news, next week they plan new IDO, tommorow they have a free aidrop for staking #Bake There are 130mil #Bake in circ with a total supply of 144mil (90% already on the market) ... Marketcap is around $200mil in this moment. #Cake the other competitor has 122mil in circ with a Marketcap of $1.6 Billions You do the math for the potential here . This project will be very good in no time!!! Enjoy!!
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by looky83
13
BAKEBUSD (BAKE) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - BAKEBUSD is bounded in a descending channel. - Price is testing the descending channel support. - A minor falling wedge pattern is forming in the descending channel. - A falling wedge pattern is a bullish reversal pattern. - There's an breakout potential. BUY ENTRY ⬆️ - Breakout above the falling wedge's resistance and horizontal resistance level (R1). TARGET 🎯 - Descending channel resistance. SETUP INVALIDATION ❌ - Breakdown below the falling wedge's support.
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by Chibuike_Odoh
BAKEBUSDBuy zone before yellow line in a "red" zone. Is not recommended to buy when price is higher than yellow line - you taking big risks. Use stop-loss - recommended is bottom line of "red" zone or under support line if there any. Take profit in a green zone or above, You can move your stop-loss higher, when price is close to top of green zone or above. All analysis is only subjective. I am not responsible for your investment decision. If you are agree with idea your like is very important for me. Thank You. We have falling wedge, we have RSI divergence, BTC (now at 45K ) and TOTAL prepare to move up, very bullish. You decide - agree or not :)
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by Alexander_Ag
6