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Bakeryswap

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
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
What is happening to BAKE - BAKERYSWAP ?????? let me tell yaBake did surprisingly not surpass the previous resistance level at 2.10 USD. I see this however as a great buy-in change. Bake is currently struggling at the support level of 1.85 USD. I see two ways this is going: 1) (green line) BAKE will bounce for a while at the current 1.85 USD level and then continue the run towards the upside. 2) (red line) WORST CASE: Bake will touch the support levels of 1.70 USD again to then continue the route to the moon. BAKE is a great DeFi and NFT project based on the Binance Smart Chain. I will definitely wait for a further dump and buy-in! Cheers.
B
by xicoam
1
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