Get started

Bakebusd

BAKE Massive falling wedge breakoutBAKE/USDT has broken out of a falling wedge reversal pattern on the weekly timeframe. Having corrected all the way back to its opening price and into HTF demand zone, faking out the lows with pin bar candle close on the weekly. Price has put in a higher high on the daily and could be the start of a new uptrend for this one, would expect to see it mitigate the first weekly supply zone and come back to the fresh weekly zone before continuing the uptrend and HH HL sequence. RSI on 3D is reset having build up bullish divergence and taking support on the MA, always a great place to buy when RSI is oversold on the HTF and this is looking to be a great setup. MACD on weekly timeframe just produced bullish crossover with first green bar on the histogram with momentum coming back into the market as the last 2 weekly candles have been bullish.
BLong
by marshyyy
1
💥BAKE BREAKOUT - FALL TO $1.470 OR RISE BY 235% TO $4.80 & $7.2Please support this idea with a LIKE👍 if you find it useful🥳 As seen here on a daily TF, we have price broke out of the descending triangle and got itself into a symmetrical triangle. Right now, market is indecisive whether to go long or to short. Therefore, a downward breakout from the existing symmetrical triangle will make price fall to $1.470 and an upward breakout will push price by 235% to $4.80 and $7.20. What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on BAKE ( BAKEUSDT ) 🤗 Happy Trading💰🥳🤗
Long
by PetrockFxTrading
BAKE / USDT — interesting moment …Hey , everyone ! We want to public some of our notes for today ; ) So , right now we can check the awesome massive downtrend line and local inverse head and shoulders ! If the coin will breaking out the downtrend line and will fixed above the line it will fly . ————— We can try to take a position after breakout confirmation of this trend line with strict risk management because market is very extreme right now ! also BAKE + CAKE usually follow BNB ; ) ———— So , best wishes , guys ! Have an awesome profit . ——— Visit other ideas of @Professional_Crypto_Analytics And say something about what you think bellow ; )
by Professional_Crypto_Analytics
16
BAKE - getting ready for a new take-off 🤔❓The BAKE/USDT chart shows a mixed picture. The price is in a local symmetrical triangle, which breaks both up and down, as this is a cryptocurrency market, false breakouts often happen with such figures, you should keep that in mind. Up to this point, we see that every time there has been high volume at the top, this is a signal that the big players are locking in their positions. So we have to be prepared for a downside scenario and a liquidity collection at the bottom. Second scenario: the price could break the upper boundary of the triangle and go to local highs. A good time to buy is after a false breakout of the area marked below or after a breakout of the upper boundary of the triangle. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
2