Bake
BAKEUSDT { BAKERY TOKEN } - BULLISH SETUPANALYSIS 🔎
- BAKEUSDT hit an swing and retraced to the key fibonacci retracement level.
- Price is currently ranging in a rectangular consolidation pattern.
- This rectangular consolidation pattern is known as the accumulation phase (Wyckoff method).
- The accumulation phase is a pre uptrend phase (bullish build up pattern).
- There's a breakout potential.
BUY ENTRY ⬆️
- Stop limit entry: breakout above the rectangular consolidation pattern's horizontal resistance (@2.2194).
- Market entry: current market price.
- Limit entry: test of the rectangular consolidation pattern's horizontal support (@1.7982).
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the rectangular consolidation pattern's horizontal support (@1.7982).
BAKE symmetric triangle about to break, Potential 50-100% profitBAKE forming a symmetric triangle that is now heading towards the decision zone. BAKE is one of the major exchanges for the Binance chain. We will see a good rally after the breakout.
Buy Zone: $1.95 - $2
Target: $2.2 - $2.45 - $2.7 - $2.95 - $3.3 - $3.75 -$4.1 - $4.5 - $4.9
$BAKE/BTC 12h (Binance Spot) Falling wedge on supportBakery Swap looks bottomed here, a last leg-down to demand zone would let us enter, then a bounce toward upper-line of the wedge.
Current Price= 0.0000524
Buy Entry= 00.0000505 - 0.0000475
Take Profit= 0.0000610 | 0.0000691 | 0.0000832
Stop Loss= 0.0000394
Risk/Reward= 1:1.25 | 1:2.09 | 1:3.56
Expected Profit= +24.49% | +41.02% | +69.80%
Possible Loss= -19.59%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 1 month
Bake Breakout Imminent? Following weeks of consolidation in a pennant, Bake is reaching the point where it needs to make a key decision.
With it respecting the lower trendline stretching back to February and bullish divergence, I'm expecting Bake to breakout towards $2.75 in the coming days.
With there being so much negative speculation/FUD with BTC at the moment, a BTC sell off could for the first time drag Bake beneath trendline.
So long as BTC remains stable, I expect this bullish scenario to play out.
Remember always DYOR, keep an eye on BTC, always use a stop loss and this is not financial advice (NFA)!
Please like and follow if you found this idea helpful, Thanks! 🤑
BAKEUSDT Has Broken Above a Major Resistance
Welcome back Traders, Investors, and Community!
Hi Traders, BAKEUSDT on H4 has broken above a major Resistance which indicates it could be the beginning of an uptrend. The price might go down 1.9183 before it goes up. In the lower TF you can look for potential entries.
⬆️Buy now or Buy at 1.9183
⭕️SL @ 1.5179
✅TP1 @ 3.4986
✅TP2 @ 4.5710
✅TP3 @ 7.5242
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
BAKE or BNB ??? Think wisely...I'm totally neutral but there's absolutely something appears there. (Neutral...yeah I guess)
Bake had significant gain against BNB. We all know the BNBs performance right :D
It's currently at a critical level. Need to watch for a while then take your own risk.
🆓BakeryToken (BAKE) July-8 #BAKE $BAKEBAKE has conquered the $2 zone and is heading towards the $2.6 and $3.2 zone. However, if it loses the $2 zone again, it will fall back to the 1.6$ zone
📈BUY
🔴Buy : 1.95-2.05$. SL if B
🔴Buy : 2.55-2.65$ if A. SL if B
📉SELL
🔴Sell : 2.55-2.65$. SL if A
🔴Sell : 3.12-3.28$. SL if A
♻️BACK-UP
🔵Sell : 1.95-2.05$ if B. SL if A
🔵Buy : 1.56-1.64$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
BAKE will Rise again?hello traders hope U doing great . as u see in the chart we are in the support area in bake and as long as we are above the red box we are good to go.
targets is mentioned in the chart .
BAKE will Rise again?hello traders hope U doing great . as u see in the chart we are in the support area in bake and as long as we are above the red box we are good to go.
targets is mentioned in the chart
what's ur idea?