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Bakery

BAKE (BakeryToken) Token Analysis 28/03/2022Fundamental Analysis: 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. Users have the ability to earn BAKE tokens by providing liquidity on BakerySwap, and BAKE holders can use their tokens for governance voting and to receive transaction fee dividends. The BAKE rewards are offered in several liquidity pools, initially including BTC, ETH, DOT, LINK, BUSD and BAKE versus BNB. Bakery Swap runs on the Binance Smart Chain. The BAKE-BNB pool is expected to provide ten times the rewards compared to other pools. BakerySwap, a Binance Smart Chain-based AMM, offers liquidity pools for altcoins such as LINK, DOT and others. It works through initial liquidity pools. BakerySwap has two types of liquidity pools: with BAKE rewards and without them. This is done in order to facilitate the creation of new liquidity pools by the community. Only designated pools will have BAKE rewards. The reward multiplier for each will vary based on the value they provide to BAKE holders. BakerySwap charges a 0.30% fee on all swaps and trades, out of which 0.25% go to liquidity providers. The liquidity providers are then given liquidity pool tokens that represent their share of each pool. Through these tokens, they can earn a portion of the fees that are collected in the pools when removing the liquidity. Liquidity providers can then stake Bakery LP tokens to farm BAKE token rewards. The BakeryToken network is secured through the use of real-time security monitors and intelligence systems. It has on-chain monitoring and passes many security checks. The current CoinMarketCap ranking is #347, with a live market cap of $131,508,003 USD. It has a circulating supply of 193,529,485 BAKE coins and the max. supply is not available. Technical Analysis: As you can see the Price Value of the Asset has Fallen the 95% of its All Time High and currently is at the Incubation and Accumulation Phase where soon we can see the inflow of the Smart Money and will Pump the Price to the higher levels. There exist a Bullish Divergence of Price value form MACD which means the Reversal of the current Bearish Trend and Start of the New Bullish cycle with Impulsive Trends. We have defined 3 Targets which are the Confluences of the Fibonacci Expansion with Fibonacci Trend Base Extension Levels, and they are they Potential Pivot Points. The 3 TP gets its confirmation as the Price Triggers the 2 TP followed by some Price Correction and Distribution before the Impulsive wave.
Long
by BitonGroup
14
BAKEUSDT { BAKERY TOKEN } - BULLISH SETUPANALYSIS 🔎 - BAKEUSDT is printing an ascending triangle pattern. - This is a bullish build up pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Market entry: current market price. - Stop limit entry: breakout above the ascending triangle's horizontal resistance (@1.4342). - Limit entry: test of the ascending triangle's inclined support. TARGETS 🎯 - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support. Comments Leave a comment that is helpful or encouraging. Let's master the markets together Products Chart Pine Script Stock Screener Forex Screener Crypto Screener Economic Calendar Earnings Calendar TradingView Desktop Company About Features Pricing Wall of Love Blog Security vulnerability Status page Terms of use Disclaimer Privacy policy Cookies policy Community Refer a friend Ideas Scripts Streams House rules Moderators Pine Wizards Chat For business Widgets Advertising Website & broker solutions Charting solutions Lightweight Charting Library Brokerage integration Partner program Content streams & RSS Download on the App Store Get it on Google Play Download Desktop app Select market data provided by ICE Data Services © 2021 TradingView
Long
by Chibuike_Odoh
$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
Long
by TradingOn
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
BLong
by papaya_musical_analysis
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!!
BLong
by looky83
13