Looking BearishBake could drop further as bitcoin slowly makes it way down after pumping to 42k, Bake is developing a sharp bearish trend on the 4hr chart so I am going to wait for lower prices
Bakebusd
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
Inversion: BAKE/BUSD Gráfico Semanal1era inversion a largo plazo (6m / 1a) bake/busd precio promedio: 1.73
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! 🤑
Possible 500% Profits (46 days) *This is not a financial advice, trade at your own risk*
This is all based on speculations and observations I'm making since February
I think that If BAKE repeats the last cycle, we will see a 500% profit in about 46 days, which will be also closer to the next BNB burn that tends to pump BAKE as well, either way I'm holding all my BAKE tokens still, hoping for a bigger jump
The chart is very simple and easy to follow, good luck :)
BINANCE:BAKEBUSD
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?
Middle Finger aka H/S on BAKETextbook (unconfirmed) Head and Shoulders on Bake.
Short term bearish, measured move should still be higher low and I will be interested again. It was fun swing trading this bad guy last few days :)
Short idea for BAKEBUSDIF rising wedge formation works, BAKE may have a chance for a short position.
BAKE BULLISH WAVE COMING !!Hello,
BAKE DEFI is coming bullish wave, long or buys spot once retested successfully.
The analysis is self-explanatory.
cheers!
Bake accumulating to do the next run Bake is in accumulating range ready for the next round. I will enter on the box inside the triangle.
BakerySwap: the 1st AMM+NFT exchange; (BAKEBUSD Analysis)BakerySwap is the 1st AMM+NFT exchange on Binance Smart Chain #BSC.
❇️ COINMARKETCAP's DATA :
Rank #90 kind: Token- On 53,002 watchlists - Market Cap :$1,279,534,279
Fully Diluted Market Cap: $1,877,136,979
Volume24h: $459,318,978
Volume / Market Cap : 0.3609
Circulating Supply :188,717,930.45 BAKE
Max Supply:277,237,400
Total Supply:277,237,400
What Is🌟 BakeryToken (BAKE)🌟?
Launched in September 2020, BakeryToken (BAKE) is a part of the BakerySwap ecosystem. Liquidity providers are rewarded with BAKE tokens which can be used to earn a share of BakerySwap’s trading fees and to participate in voting as part of BakerySwap’s governance process.
BakerySwap is a decentralized automated market-making (AMM) protocol that is based on the Binance Smart Chain (BSC). The BAKE token is a native BEP-20 governance token on the platform.
👉Bakery Swap runs on the Binance Smart Chain. The BAKE-BNB pool is expected to provide ten times the rewards compared to other pools.
❇️Who Are the Founders of BakeryToken?
The team behind BakeryToken is an anonymous group of developers who believe in the future of decentralized autonomous organizations (DAOs).
coinmarketcap- bakeryswap.org
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✅TECHNICAL ANALYSIS
As you can see in the daily time frame chart for bake/USDT, the price is trading around 6.9$ .
After releasing of the Bake Token on Binance exchange, we saw immediately ainitial Sharp climb ,then it was in a range phase over the course of two months , and in the recent two weeks succeeded to make a bullish jump from the floor area, it can be considered the first wave. So after a bit correction it can begin its 3 upward wave an so on.
if it can stabilize its price above the green support for at least one week ,we'll probably see new amazing targets ATH respectively .
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(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in other markets .)
also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍 PLZ support me and hit that damn like button and comment
BAKE/BUSD ready to take off?Upper resistance has been broken convincingly.... Looking for a long shot now...
Falling Wedge $10 TargetBake is printing a falling wedge pattern I am expecting it to break to $10 in less than two months.
BAKE/BUSD ready to take off?The Descending triangle has been broken and it's currently retesting its support.. Now we should expect a blast within a day or two. #NFA
BAKE LONG, TO 9$ AND MORERetracement wave 4 completed, wave 5 is starting and it should go much higher than ATH.
