- BAKEUSDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@1.4342).
- Limit entry: test of the ascending triangle's inclined support.
Bakery Swap looks bottomed here, a last leg-down to demand zone would let us enter, then a bounce toward upper-line of the wedge.
Current Price= 0.0000524
Buy Entry= 00.0000505 - 0.0000475
Take Profit= 0.0000610 | 0.0000691 | 0.0000832
Stop Loss= 0.0000394
Risk/Reward= 1:1.25 | 1:2.09 | 1:3.56
Expected Profit= +24.49% | +41.02% | +69.80%
4H hollow candlesticks.
Price breakout at the end of asymmetric triangle.
Support and Resistance levels shows as horizontal lines.
BakeryToken Price (BAKE) = $1.13 -6.56%
There is hardly any analysis behind that... Simply random pattern matching (extrapolating pump waves into the last one).
However, is it likely to happen? Maybe, if the circumstances were perfect... Huge BTC pump, then movement sideways for alt-season to accelerate.
We would have to see some interesting projects appear on BakerySwap as well.
It could turn out to...
Take a look @ 4H chart for # Bake/Bnb
Soon # Bake will take over
Bake is having every day good news, next week they plan new IDO, tommorow they have a free aidrop for staking #Bake
There are 130mil #Bake in circ with a total supply of 144mil (90% already on the market) ...
Marketcap is around $200mil in this moment.
#Cake the other competitor has 122mil in...