💡Don't miss the great buy opportunity in BAKEUSDTTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.003).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BAKEUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 2.370
TP2= @ 2.545
TP3= @ 2.787
TP4= @ 3.091
TP5= @ 3.290
SL= Break below S2
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Bakeusdt
BAKE/USDT on the moveBAKE/USDT
1D/4H Chart
Bake has broke out of the major resistance downtrend on the daily chart with a high volume breakout signalling buyer intention for continuation in the coming days.
It broke out of the initial falling wedge (end of trend reversal pattern) into a strong daily demand zone and since created a CHoCH (change of character) forming a new trend of higher highs and higher lows with volume increasingly coming in having reclaimed the major uptrend.
Drawing fib projection from the correction wave of the falling wedge we could see price head towards the daily supply level and into the 1.272 if the bullish momentum continues.
MACD momentum heading towards the centreline for an upcoming buy signal with the histogram current daily bar showing almost double the previous.
I bought a bag @$2 with the intent to hold for a swing trade to sell near the high for a 300% gain, I will manage my risk accordingly setting my stop at entry after clearing daily supply and taking some profits in fractions as we move up.
BAKE VERY BULLISH $2 INCOMING? BAKE has a Bullish Crab pattern forming up on higher timeframe, TF used in this chart is 8hours, we have the last resistance to break and $BAKE will fly.
Some more confluences:
(1). Bullish Crab Harmonics Pattern.
(2). RSI is super bullish.
(3). We have a double bottom with major support.
(4). Very strong Support sitting at $1.459
Entry: Entry is here at $1.792
TP1: $2
TP2: $2.128
TP3: $2.352
TP4: $2.569
TP5: HOLD THE FREE RUNNERS FOR MOON FLIGHT!
BAKE/USDT 1HOUR UPDATEWelcome to this quick bake/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- BAKE/USDT Broke out of the triangle and retesting. Expecting 7% to 10% soon.
Entry:-cmp
Traget:- 7% to 10%
Stoploss:-1.92$
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
Bake trading ideaBake is currently retesting towards 1.730-1.675. If not then 1.511 max.
Good buying zone (Spot)
1.918
1.853
1.818
1.730
1.675
Best 1.511
DCA from that zone (Important)
Potential Short-term gain
Tp 1: 1.953
Tp 2: 2.030
Tp 3: 2.101
Tp 4: 2.167 - 2.199
Tp 5: 2.615
Tp 6: 2.8
Tp 7: 3.189 -3.329
I will update if we manage to break above 3-3.333
Bake trading ideaBake is currently retesting towards 1.730-1.675. If not then 1.511 max.
Good buying zone (Spot)
1.918
1.853
1.818
1.730
1.675
Best 1.511
DCA from that zone (Important)
Potential Short-term gain
Tp 1: 1.953
Tp 2: 2.030
Tp 3: 2.101
Tp 4: 2.167 - 2.199
Tp 5: 2.615
Tp 6: 2.8
Tp 7: 3.189 -3.329
I will update if we manage to break above 3-3.333
7x for bakery token !!It is very amazing.
If that's the case, he's just got $ 2 billion in the market cap, and that's where it all begins.
The bake Dex and Defi and NFT !!
It looks unbelievable ...
BakeBUSDBakeBusd pair trend analysis and chart pattern on 4h period is positive, for mid term buying limit is 2.85 to 2.9 & selling target should be 3.160, lets see #DYOR
symmetrical triangle, EMA and MACD all are in positive position