Bakeusdt
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.
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BAKEUSDT { BAKERY TOKEN } - BULLISH SETUPANALYSIS 🔎
- BAKEUSDT hit an swing and retraced to the key fibonacci retracement level.
- Price is currently ranging in a rectangular consolidation pattern.
- This rectangular consolidation pattern is known as the accumulation phase (Wyckoff method).
- The accumulation phase is a pre uptrend phase (bullish build up pattern).
- There's a breakout potential.
BUY ENTRY ⬆️
- Stop limit entry: breakout above the rectangular consolidation pattern's horizontal resistance (@2.2194).
- Market entry: current market price.
- Limit entry: test of the rectangular consolidation pattern's horizontal support (@1.7982).
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the rectangular consolidation pattern's horizontal support (@1.7982).
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
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
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! 🤑
BAKEUSDT Has Broken Above a Major Resistance
Welcome back Traders, Investors, and Community!
Hi Traders, BAKEUSDT on H4 has broken above a major Resistance which indicates it could be the beginning of an uptrend. The price might go down 1.9183 before it goes up. In the lower TF you can look for potential entries.
⬆️Buy now or Buy at 1.9183
⭕️SL @ 1.5179
✅TP1 @ 3.4986
✅TP2 @ 4.5710
✅TP3 @ 7.5242
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
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?