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.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Bakeusdt
Bake Have 46% profitBakerySwap is the all-in-one DeFi platform that provides both AMM and NFT Marketplace solutions in one place. Users can exchange tokens, provide liquidity, The live BakeryToken price today is $2.10 USD with a 24-hour trading volume of $120,860,660 USD.
Is a good time to buy
Take Profits:
Sell = @ 3.091- 3.290
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BAKEUSDT Technical Analysis⏳ Spot
💎 BAKEUSDT has been moving along the descending channel. It has got rejection from the support line. If it breaks above the symmetrical triangle we can expect a retest and then a Bullish move
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 2.000
☕️ TP1 2.370
🍺 TP2 2.666
🍻 TP3 3.200
🍾 TP4 _____
🍷 TP5 _____
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 1.800
Good Luck 🎲
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BAKEUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE.
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
💡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 68.
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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Now, It's your turn!
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💡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
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
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