Possible Retracement (BAKE/BUSD)4HR RSI indicating further down movement with lower lows being printed on the smaller time frames, we could see a bounce from either the 0.5 or 0.618 fib level but if these levels fail BAKE could retrace down to $4 - $5. Follow me for daily updates on BAKE.
Bakebusd
[Learning] BAKEBUSD 2/5/2021 - 50:50 In 4 days, BAKE successfully broke 2 triangle and made it way to the new ATH 2 times.
ATM, the gains shrink and on its way to correction.
The lowest fib, have reached to the lowest level in between 5 and 618.
We can see clearly, that BAKE rn are forming the isoceles triangle.
The probabilities for the future trends, are approximately on 50:50 down and uptrend.
Further closing candles as clue is needed.
Also, please mind the nearest S/R at 7.4118
Short Forecast
1. Down trend, to fib 618.
2. Gain to nearest S/R
3. Potentially downtrend
BAKEBUSD BAKE COIN CHARTBAKEBUSD
BAKE BINANCE CHART UPDATE
IF YOU WANT TO BUY THEN WAIT FOR DIP
BAKE COIN IS GOOD FOR LONG TERM
TARGET :- 10 - 15 - 20 ++
BAKE TO 7$, BUY BAKEIt reversed upwards after correction and as long as it stays above the white line it should go to new ATH. Of course BTC should not dump.
BAKE BUSD Is Forming CUP & HANDLEHello,
it seems Bake Busd is forming cup and handle keep an eye on the breakout guys it may take the price to 1.6 Fib pocket.
Cheers
🥯 BakerySwap (BAKE) Cup & Handle ☕Bake appears to be plotting a bullish cup and handle pattern with the handle due to breakout anytime soon. Once breakout is confirmed, we should see Bake soaring past $2.
Please like and follow if you found this idea helpful - Thanks! 🤑
**** Not Financial Advice - Always DYOR! ****
BAKE / BUSDBAKE is going to make a move. Watching if it can hold the support line (prior resistance) at around 1.25.
If this breaks to the downside, next stop would be 1$ area.
If it breaks to the upside - 1st stop - 1.90s, 2nd - 2.25, 3rd - 3$.
A lot will depend on the BTC situation as well.
BAKE 🔥 me!Guys, it's pumpseason and I would say that the BakeryToken is going to have another pump soon !
BAKE already broke up this triangle and backtested it's upper edge, so I think there is chance for run to 3.23 and even more. I bought @ 1.267, just publishing bit late, but it can still drop to this level again anytime...or it can just fly straight away. On Binance, the BAKE is not even in USDT pair yet, so this is early bird and potential X-bagger, aye?
SL : local low
TARGET : height of the triangle projected from midpoint of the local range (BUY - SL)
RRR : 5.5
INVALIDATION : when SL level hit
Like & Enjoy!
BAKEBUSD Ready to fly.If BAKE manages to break this triangle on the upper side, we might finally see some uptrend. The fact that BTC and BNB are both recovering from the dip helps for sure.
Trading idea for BAKEBUSDIt has a nice flag pattern. It has also had a nice correction. It may both go up or down according to the BTC trend. So, I should be careful and watch the formation. If it breaks the downtrend, I can buy on spot.
Don't miss bake its very cheap nowThis is a spot position and at this point we have good Risk/Reward
BAKE Trading IdeaNot financial advice, DYOR bla bla.
First time posting an analysis here (mainly beacuse it’s the first one i spot by myself, not too much free time)
I predict Bake is going to have the same pattern for the last time before changing behavior.
1.75-1.80 is a good entry point imho
2.00 First target
2.25 Second target
2.50 min last one, too risky going forward.
Good luck y’all, stay safe.
BAKE / BUSDLooks like it's time for the BAKERY TOKEN!
$BAKE has finished it's accumulation and established support on the daily at 0.82-1 area.
It has stopped making lower lows and broke to the upside today.
Marked are key resistance levels which should become support after it manages to pass them.
Good looking bullish long term pattern - forming giant cup.
Also a mid-cap project, approx. 300k market cap at the moment. Trading on Binance.
BAKE USD Pull BackGood day traders. Bake USD with bearish divergence 4h tf, keep an eye on the .618 FIB. Nof financial advice, just my current view. Please leave a like if you agree, or let me have your thoughts below. Cheers.
BAKEBUSD LONG POSITION UPDATENow in this chart i see bearish AB=CD pattern.
I Sell 50% this position and I keep another 50% to moon.
Be careful.
BAKE out of triangleBAKE have negative cumulative delta on daily chart, but on h1 chart it's already positive. I see orders up to $1.91.
Current h4 graph out of triangle and i see 2 varians: 1) it's going up to $2 to find new resistance 2) use $1.70 - $1.72 as new support.
I'm waiting $1.72 to buy token.
Bake - I just want go out and not hold this bag anymore Let's try old school as our fathers and grandfathers did. Target should be around 1.8 based on this pattern.
There are just better coins to trade at the moment from my point of view (e.g. CAKE lol)
BAKEBUSDHello to you all. Mars Signals team wishes you high profits at all times.
The price has experienced a good fall. We have drawn a support line for you dear ones. Those who want to make sure to buy can make a purchase for the specified targets when the price hits the support line and starts moving upwards.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
#BAKE #BAKEBUSD CUP TARGET %400 ALMOSTCUP TARGET %400 ALMOST
ACCUMULATION ALMOST GETTING OVER. LET'S SEE THE HUGE INCREASING OF THE BAKERY :))
