BAKEThe BAKE cryptocurrency is forming a double bottom pattern, and it is expected to retest the neckline at the 0.48 level. If it successfully breaks through, it will directly target levels between 1 and 1.2.
BAKEUSDT.PS trade ideas
Alikze »» BAKE | Pullback to descending structure🔍 Technical analysis: Pullback to descending structure
- It is moving in an ascending channel in the daily time frame.
- So far, there have been several positive reactions to the bottom of the channel, which has led to the upward jump of the price.
- It is currently facing an important supply range due to the positive reaction to the bottom of the channel.
- Therefore, if it cannot stabilize above the supply area, according to the downward momentum, it can lead to the breaking of the bottom of the channel and correction to the range of 0.195.
- So in case of this event, this reversal can be a pullback to the broken structure to continue the downward path.
💎 Alternative scenario: if it can influence and stabilize above the supply area, it can fill the FVG gap in the first step and after correction and support in the middle area of the channel, it will reach the target of 0.488.
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THE MOST SIMPLE APPROACH TO THE MARKETWhen it comes to these MONEY MARKETS us as HUMANS have no control.
Trade . Not the PRICE ACTION your has identified and/or CREATED.
Bake Smart Money ConceptPossible 2000% gain with minimal risk, this crypto is highly volatile if you want this big move I highly suggest to do it in spot
BAKEUSDT: A Sweet Opportunity Amidst a Sour Dump? pen_spark BAKE has been baking up a storm of volatility lately, with a nearly 50% price drop over the past few weeks. New lows have been established, leaving many traders wondering if the bottom is in. However, a closer look at the 4-hour chart reveals a potential long opportunity brewing.
Key Points:
Range-Bound: BAKEUSDT has been consolidating within a well-defined range on the 4-hour timeframe. This indicates a potential equilibrium between buyers and sellers.
Breakout Potential: A decisive break and close above the upper boundary of this range could signal a shift in momentum and trigger a move towards the next resistance zone.
Retest Opportunity: The next resistance zone would likely act as a retest area for the breakout. If BAKEUSDT holds above this zone, it could pave the way for further upside continuation.
Risk Management: As with any trade, proper risk management is crucial. Set stop-loss orders below the recent swing low to protect your capital in case the breakout fails.
Trade Idea:
Entry: Consider entering a long position on a confirmed break and close above the lower boundary of the current range.
Stop Loss: Place a stop-loss order below the recent swing low.
Take Profit: Target the next resistance zone for a potential retest. If the retest holds, consider raising your take-profit targets to higher levels.
Let me know if you'd like a more detailed analysis or have any questions.
#BAKEUSDT #BakeryToken #Crypto #TradingView #TechnicalAnalysis
BakeUSDT looking BullishBakeUSDT looking Bullish in 1hrs trend, making strong reversal pattern Double bottom, I suggest to Make the plan as per the chart.
BAKE looks bearishFrom where we put a red arrow on the chart, it looks like the BAKE correction has started.
This correction appears to be a diametric, whose wave D is now ending.
We expect the red range to maintain and drop downwards.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BAKE Prints Bullish Crossover — 36% Potential + Solid Backtest RBakeryToken flashed a bullish MACD crossover on the daily chart.
Based on backtests, the signal provides a solid win rate of more than 90% for 2% and 5% gains. Even for 10% gains, the win rate is more than 82%.
Additionally, the trend indicators are entirely bullish across all timeframes. Momentum indicators are neutral, which further backs the bullish setup.
Summarized, indicators signal a super interesting scenario for an entry.
Bake ideaBake chart is very difficult but now its very clear to me as you can guess the moves after watching my chart. As C H o C H was done thats why will look for only longs in perfect poi. As poi is marked onto the chart so its clear that this is the zone for long position but question is at which entry point. For that i used fibb. levels.
BAKEUSDT-Symmetrical Triangle #BAKE/USDT completed the symmetrical triangle on weekly timeframe💡
Full send if we break out of the formation🚀
BAKEUSDTPrice: symmetrical triangle developing, positive characteristics on a weekly basis. with a good margin to carefully carry out an ambitious objective with an adequate capital risk.
BAKEUSDT(BakeryToken) Daily tf Range Updated till 13-06-24BAKEUSDT(BakeryToken) Daily timeframe range. trying to stay over 0.3747. but need a little bit more volume here for that. if it can stay over 0.3747 than 0.4818 is open to visit. 0.2855 is a local resistance which needs to hold.
Bake Long SetupBakeusdt here looks pretty interesting.
Trying to build Leveraged Long under 0.3110 till 0.3070.
Stoping at 0.3050.
Highly Risky because of leverage and tight stop.
But if holds here can produce a nice move.
Note: Not a Financial Advise.
BAKE / USDT my final entry I entered my final position in bake. I see this going past $1 this year. Check previous post on bake to see my full bake idea.
Please boost. If you want me to do TA on a coin for you, Dm the ticker and il do one for free :) as long as you follow me here on trading view. :)
$BAKE BULLISH FROM HERE !👨🏻💻 $BAKE /USDT
#BAKE has broken out from a symmetrical triangle pattern on the daily chart🧐
The breakout signals the potential for a massive bullish wave towards the $0.54 resistance zone📈
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BYBIT:BAKEUSDT.P
BAKEUSDT 1DSymmetrical triangle formation on the #BAKE daily chart. In case of a breakout, the targets are:
$0.3641
$0.4051
$0.4636
$0.5381
BAKEUSDT BEARISH MOODBAKEUSDT seem bearish according the current trend and reach to a key level which show bearish direction in the coming days my target will be around 0.2000 levels it will go to collect external liquidity
BAKEUSDT(BakeryToken) Daily tf Range Updated till 23-05-24BAKEUSDT(BakeryToken) Daily timeframe range. here we have a well formed PA. very close to 0.3722 there is hold up there cause of old consolidation point. if it gets clear than till 0.4734 is open. recent retrace point is at 0.2902.
BAKEUSDT is BullishPrice is consistently printing higher highs and higher lows, with no divergence on RSI at 1H time frame, the trend is likely to continue. Entry point is at break of previous higher high. Targets are mentioned on the chart.
BAKE will rise againhi traders
Bake reached a key resistance and got rejected. Now we're seeing a pullback and most likely we will see some consoliadtion before the continuation to the upside.
Make a note that the trend is bullish now.
We got a bullish cross on SMAs which signals a trend reversal.
2 possible scenarios are shown on the chart.
In both cases, mid-term target is 0,50$
If we see mania, next major targets are 1 $ and 1,66 $
0,50$ we may see in December or Q1 2024 easily.
Good luck
