BAKEUSDTBAKEUSDT IS in bearish trend .
Potentially printing LH and LL.
No sign of trend reversal from here.
Bearish continuation flag pattern also form.
We buy at current price because prize already break the Flag Pole.
BAKEUSDT.PS trade ideas
BAKE/USDT Can Bake Break the Strong Resistance or Down again ???💎 BAKE is unmistakably on our watchlist. It's gearing up once again to challenge a formidable resistance zone. Previously, upon encountering this resistance, BAKE faced a sharp 19% decline, only to rebound impressively upon reaching the Bullish OB zone.
💎 While the current trend showcases bullish tendencies in the short run, a decisive bullish confirmation would require BAKE to breach and sustain above this strong resistance.
💎 However, if BAKE stumbles at this resistance once more, we might witness a pronounced decline, potentially revisiting the Bullish OB zone. Should BAKE falter and lose its grip on this OB zone, there's a chance it could descend further, possibly towards the robust support zone.
BAKEUSDT.P - SwingThis trading plan incorporates mechanical strategies along with smart money concepts.
Please be aware that investing in FX, Crypto, or any financial instrument carries inherent risks. It's advisable to consult a financial advisor or conduct thorough research before making any investment decisions.
Watch List Oct 07 2023 No.1 BAKEUSDT.PBAKEUSDT is in a very bullish trend
Watch for the consolidation and possible further upward move
Signal: Green * N
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities
BAKEUSDT → Breaking through resistance opens up the potential BINANCE:BAKEUSDT is trying to move into the phase of realization of accumulated potential. A consolidation above the 0.1421 level will be a good starting point. If we break through the resistance of the range, we can get a gorgeous bullish potential (targets are indicated on the chart)
BINANCE:BTCUSD shows good dynamics for the medium term. The price after the false breakdown of resistance does not fall and there are prerequisites for a possible strengthening of the price to 30000, which will give a great kick in the butt to altcoins if the total capitalization increases.
From a fundamental point of view, the cryptocurrency is still turbulent and there is not much bullish news (strong news). But bitcoin is showing strength relative to the SP500 ( CAPITALCOM:US500 ) - and that's good for us.
In terms of technical analysis BAKE: the price breaks the resistance of the annual descending wedge and we get a signal for further strengthening of the price. In the nearest future the market may test the previously broken level of 0.1421 and if the bulls successfully consolidate the position, the price may give a start towards 0.2339 and 0.2840.
Moving averages indicate consolidation and show a hint of something interesting.
Support levels: previously broken wedge boundary, 0.1421, 0.1161.
Resistance levels: 0.1580, 0.1882, 0.2339.
Since we see the breakout of the resistance of the figure, in the long term I expect the formation of the realization of the accumulated potential in the form of a bullish impulse to 0.2339, 0.2840.
Regards R. Linda!
BAKE/USDT Potential Bounce and make a Bullish Momentum ??Yello Paradisers, Keep an Eye on BAKE: Navigating a Major Descending Channel
💎 BAKE continues to operate within a significant downward channel.
💎 Previously, it experienced a sharp rally, reaching a Bearish Order Block (Bearish OB) where it faced a strong bearish rejection and subsequently declined.
💎 Looking at the chart, BAKE shows potential for a bounce as it approaches a resistance zone. Should BAKE face rejection at this point and decline, it's likely to breach a crucial support level, setting new lows. On the flip side, if BAKE manages to break and sustain above the resistance zone, it could retest the previous Bearish OB.
💎 This analysis would be invalidated if BAKE breaks through the key support level and closes below it on the daily chart.
bakeusdt-mentoringbakeusdt speculative view
bakeusdt on weekly looks like it ready to retrace atleast 50% to 0.9c
look for short if close under 0908 area
look for longs if close above 1557 area
look for long if holds 1111 area
***
Tolerance will reach such a level that intelligent people will be banned from thinking so as not to offend the imbeciles- F.M.dostoyevsky
Eyes on #BAL/USDT resistance zone in Daily TF!Eyes on #BAL/USDT resistance zone in Daily TF!
Breakout and retest above the zone is bullish for $BAL. The local support level is PWH $0.1330.
Wait for rejection is Lower Timeframe to scalp short.
BAKEUSDT-BULLISHBAKEUSDT is completed its accumulation phase and ready to start uptrend,
taking instant buy entry
EP: 0.1152
SL: 0.1082
TP01: 0.1221
TP02:0.129
BAKEUSDTNot an investment recommendation. This chart was made for personal study and personal use only. If you like the idea, please boost it. If not, write why. In my humble opinion, the price will go up.
Bake Short PointAs We Can see in weekly chart there is a resistance zone near 1.13-0.1450 zone . so better to wait and short from there . target will be 0.11-0.10
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if you found this helpful hit like
bake bouncebake has alot of support at the 0.11 cent range we could look for a possible bounce here it is likely unless some extra sell pressure comes about
BAKE LONGBAKE seems to begin a move to the upside after over 4 days of a bearish move. The price tapped the order block with the RSI at oversold. Hoping to hit TP1 before a possible change in Market movement
Unlocking Bake Potential: The Perfect Entry Point for Profit Let's embark on a thrilling journey through the intricacies of BAKEUSDT! 🚀 Join me as we dissect its price movements, uncover potential patterns, and reveal the hidden gems that could drive your crypto portfolio to new heights. Get ready for an in-depth analysis that's packed with insights and tailored just for you
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BAKE has strong supportThe coin has formed a clear local level with a lot of confirming touches with the accumulation of stops of long participants behind them. A descending structure was also formed in the form of a triangle, pressing the price maximums along the trend line with the help of limit sellers.
Against this background, I expect to see a smooth traded movement along the level and the appearance of active sales before the breakdown.
BAKEUSDT 1DBuying a bag of #BAKE. Be ready for the massive breakout of the falling wedge. Check targets on chart.
Bake Is Ready To Bake. Here is My Study On ANKR.
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Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
Buying $BAKE$Bake
-Belonging to the group #seed being pushed. Small cap vol is ok to buy in bulk. I bought this price hoping to make a profit 🌹🌹
What is a Symmetrical Triangle
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle.
KEY TAKEAWAYS
Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.
The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation.
BAKEUSDTBAKEUSDT just break the bearish trend.
Bullish divergence shown in Rsi which indicates trend is reverasal from here.
Break the last LH and made fist HH which further confirm that the trend is going into bullish here.
we wait and watch for the breakout of last HH.
BakeryToken (BAKE)On the above 4-day chart price action has corrected 97%. Now is an excellent long trade. Why?
1) Price action and RSI resistance breakouts.
2) Strong regular bullish divergence.
3) Past resistance confirmed as support.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: don’t know
Return: don’t know
BAKE going fractalobolicYou say FRACTAL I say BINANCE:BAKEUSDT !
Just look at this! 30m TF right before and 1h TF at newest formation, the same structure with the volume, almost the same FIB.
Adding to the fact that we're about to break the Long going trendline
AND the fact that it has just announced a partnership with BASE L2 blockchain
We might see the very parabolic move. Are we gonna see next 200%? It's a matter of days if we'll see it.
High Risk. High Volatility. Probable High and quick reward.
