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Bake

BAKE: Breakout will push price by 200%#BAKE/USDT #Analysis Description --------------------------------------------------------------- + BAKE has repeatedly retested a key support zone, demonstrating resilience as the price continues to hold strong at this level. The latest test of this support presents a potential opportunity for a bounce back. + Multiple Retests: The price has tested this support zone multiple times, each time holding firm, which reinforces the strength of this level. + Current Setup: The price has once again hit the support, and we anticipate a bounce back from this zone, offering a favorable setup for a long trade. + Trade Opportunity: Given the consistent strength of this support zone, entering a long position with a target based on the expected bounce could be a promising strategy. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.2918 Stop Loss: 0.1790 ------------------------------ Target 1: 0.3442 Target 2: 0.4085 Target 3: 0.5613 Target 4: 0.8131 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
BLong
by VectorAlgo
Alikze »» CAKE | Head and shoulder pattern scenario🔍 Technical analysis: PullBack to broken structure - According to the analysis presented before, after touching the supply range, it faced selling pressure. - It is moving in a downward channel in the daily time frame. - In the last update, after reaching the 3.13 range, it faced selling pressure again, which touched the downward target in the range of 1.56. - Currently, the level of 3.13 has returned as much as 100% of the previous wave. - As can be seen, a head and shoulders pattern has been formed, which is confirmed by the break of the trigger line and neck line. 💎 Therefore, considering that it is located at the bottom of the channel, it can touch the target of 1.17 with pullback to the neck line. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Short
by UnknownUnicorn7266498
2
Alikze »» ENA| Movement in the descending channel🔍 Technical analysis: Movement in the descending channel - In the analysis presented in the previous post , it was able to move up to the 0.78 Fibo range according to the predicted movement path, which then encountered a correction that also traversed the alternative path. - Currently, after breaking the downtrend channel, it has re-entered the channel. - It is moving in an ascending channel in the 12H time frame. - After breaking the support area, which is now a supply range for an upward trend, it has faced selling pressure, which, of course, has tried to break it several times, which has failed so far. - Therefore, if it can maintain the 0.39 area and stay above it, it can break the supply area and have an upward movement up to 0.586. - Furthermore, considering that the supply zone is in the middle of the downward channel, if it fails, it can test the 0.78 Fibo zone again. 💎 Alternative scenario: In addition, you should note that breaking and stabilizing below the 0.39 area can continue the downward trend up to the Fibo range of 1.618. 🎯 Targets: 0.586 - 0.78 Fibo 🟩 Support: 0.39 »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ENAUSDT
Long
by UnknownUnicorn7266498
Alikze »» HFT | Support at the bottom of the descending channel🔍 Technical analysis: Support at the bottom of the descending channel - It is moving in a downward channel in the daily and 12H time frames. - Currently, there is demand in the area of ​​the bottom of the descending channel and the beginning of the movement. - Therefore, if this demand continues in the range of the green box, it can continue its growth up to 0.195 first. - In addition, if it stabilizes at the top of the range, it will succeed so that the supply range and channel ceiling have an upward trend. 💎 Alternative scenario: if it cannot maintain the green box area and the bottom of the channel, this correction can continue up to the range of 0.0977. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:HFTUSDT
Long
by UnknownUnicorn7266498
4
Alikze »» IMX | Head and shoulder pattern scenario🔍 Technical analysis: Head and shoulder pattern scenario - In the weekly frame time, there was a three -wave move that has grown to 1.272 for its previous wave. - According to the analysis presented before leaving the triangle density in the 4th wave of correction, it succeeded in the supply zone of growth and defeat it. - After that, it faced a lack of stability at the top of the supply zone. -This unsuccessful failure area of ​​the supply area is a head and shoulder pattern. - Currently, there is a currency pattern that can have a growth of a dynamic trigger. - If the line is broken, the head and shoulder pattern will be approved and can be modified in the first step until the Golden Zone, and then the Priz area will continue and even move to the origin of the movement. 💎 Replacement scenario: If it can be removed from the corner, it can test the supply area, but the head and shoulder pattern will not be valid until the supply zone is broken and will confirm the pattern by defeating the line. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Short
by UnknownUnicorn7266498
1
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. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
BShort
by UnknownUnicorn7266498
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.
BLong
by ben_walther
BAKE/USDT it required to bounce for back to upward movement!💎 Paradisers, the recent market activity surrounding #BAKE has indeed captured attention. Currently positioned within the bullish OB area, there's potential for BAKE to find support and initiate an upward trajectory. 💎 Should this materialize, BAKE may test resistance levels, with a breakout signaling bullish sentiment and potentially leading to further upward movement toward our target strong resistance area. 💎However, should BAKE falter in its attempt to breach resistance and face rejection, it could indicate weakening momentum, prompting a retreat back towards the Bullish OB area. 💎 Should BAKE's attempt to find support in the OB area fail, it may trigger further downward movement, extending the current bearish trend. MyCryptoParadise iFeel the success🌴
B
by MyCryptoParadise
2
Consolidation Phase with Neutral BiasOur technical analysis of the BAKE 4-hour chart indicates a period of consolidation. The price has recently closed at 0.4550, with a trading range defined by a low of 0.4493 and a high of 0.4578. The moderate trading volume of 1.402M does not point to any significant breakout in the immediate term. From a technical perspective, BAKE is trading within its Bollinger Bands, indicating no extreme volatility. The Relative Strength Index (RSI) is neutral at 55.94, suggesting that neither bulls nor bears are in full control. The Moving Average Convergence Divergence (MACD) shows a slight bearish crossover, with the MACD line just under the signal line, indicating potential short-term weakness. The chart identifies key support and resistance levels to watch. The current price action is above the solid support level, suggesting that this may hold if a downward move occurs. Conversely, there is a defined resistance level that may cap upward movements. Traders should monitor these levels for potential breakouts or bounces.
B
by MonoCoinSignal
BAKE/USDT About to Take Off? 👀🚀 BAKE Analysis Today💎Paradisers, don’t miss the chance to trade #BAKEUSDT, as it’s ready to break out from a key demand level. 💎#BakeryToken is trending up, signaling a possible bullish move from its current demand zone. We expect a retest of the demand level at $0.305, followed by a strong supply zone. If #BAKE stays above this level, it could soar to the major supply zone at $0.81. 💎If #BAKE fails to hold above the support level, we may need to change our strategy. Then, we could look for a bullish entry from a lower bullish Order Block (OB). Be alert, as dropping below this level could trigger a big downtrend. 💎Keep your eyes peeled and be flexible, Paradisers. Your ParadiseTeam is here to provide you with the latest insights and tips, helping you master these market shifts.
BLong
by MyCryptoParadise_Simon
1
Bake- An interesting coin with 2x potential and 1:4 R:RFrom a technical perspective, BINANCE:BAKEUSDT presents an intriguing opportunity at the moment. Examining the chart reveals a noteworthy pattern. Following the initial breakout from long-term accumulation above 0.2 back in December, the coin underwent a correction to validate the breached resistance. This correction was succeeded by a remarkable pump, and the subsequent decline found solid support at the newly established level (the previous high of the initial upward movement). Taking into account the prevailing optimism in the crypto market and the coin's characteristic high volatility, there is potential for a new upward movement and a test of the recent peak. However, it's crucial to be mindful of the elevated risk associated with this particular coin. If you are considering a purchase, it should be done using high-risk capital.
BLong
by Mihai_Iacob
4
BAKE/USDT It required Bounce or Continue downward movement !!💎 BAKE's market activity has been notably dynamic recently. The asset is currently positioned at a pivotal support area, and its next moves are being closely monitored. 💎 A successful bounce off this support level could probability propel BAKE upward, setting its sights on reaching the anticipated supply area target. 💎 However, there's a critical caveat to consider. If BAKE fails to maintain its stand above this support level and instead breaches it downward, a different market scenario may unfold. Such a breakdown would likely signal a bearish shift, propelling BAKE towards a lower demand zone at approximately 0.217. 💎 This demand level holds significant importance as it represents the last stronghold of bullish support for BAKE. The asset's ability to bounce back and reclaim its position above this support level will be crucial. 💎 Mere consolidation around this area without a decisive upward move could spell trouble, potentially leading to a break of this support and a continuation of the downward trend towards more robust support zones. The market's response at this demand area will be a key determinant of BAKE's short to medium-term trajectory.
B
by MyCryptoParadise_Nathan