BAKEUSDT like many coins is currently forming a bottom.
You can accumulate in the range (for spot trading) and sell when it reaches target.
If you trade on futures, better wait for BAKE to retest lows which may not happen as many altcoins already formed their bottoms and Bake is just lagging behind.
We expect the rise in the next weeks.
Deeper Network DPR Crypto breaking bullish from a falling wedge, will see if it hits the price point at .029cents. I am assuming it will do the drop afterwards when BTC Bitcoin does its next major drop.
Bearish News: Eric CMO is apparently only doing his job for Deeper now on a part time basis because of his new job somewhere else, the employee turn over rate...
$BACK is at lowest support zone and below the middle line of descending parallel channel.
🐻 if price break down from this support zone, the last support can be around $0.127.
🐮 holding this support can shape double bottom pattern and price can increase to resistance zone around $2.
Hi dear friends, hope you are well and welcome to the new trade setup of BakeryToken (BAKE)
On a 2-hr time frame, BAKE has formed bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Launched in September 2020, BakeryToken (BAKE) is a part of the BakerySwap ecosystem. Liquidity providers are rewarded with BAKE tokens which can be used to earn a share of BakerySwap’s trading fees and to participate in voting as part of BakerySwap’s governance process.
BakerySwap is a decentralized automated market-making (AMM) protocol...
BAKE/USDT has broken out of a falling wedge reversal pattern on the weekly timeframe.
Having corrected all the way back to its opening price and into HTF demand zone, faking out the lows with pin bar candle close on the weekly.
Price has put in a higher high on the daily and could be the start of a new uptrend for this one, would expect to see it mitigate the...
BAKE has only one main problem.
134,000,000 million coins belong to three sleeping whales. All three bought their coins, in one click. But on different days. I marked the days and the number of coins on the chart. All three are in heavy loss.
Only 193,000,000 coins in circulation. Well, who will buy these whales? No one.
You can check all information on...
We expect BTC.D to create new lows which would be bullish for altcoins .
Bake will move higher , however breaking below the critical support is possible if BTC drops lower.
We expect BTC to reach the bottom soon and resume the uptrend therefore we expect BAKE to fake out below the support (if it does) and move higher from there.
Targets like in the chart
Everything looks really bullish here. a good short term trade.
Long term setup is very solid. long term resistance is broken. been consolidating for few days might consolidate more before an epic burst.
My custom Multiframe Ichimoku cloud also about to be broken, hopefully!!
Hodl strategy recommended with some flexible stoploss. exit when setup fails.
This is one of the most interesting charts IMO. it has the potential to give us at least 45% profit. The last TP would be around $5.
We see volume expansion at the resistance. The only point is to see whether it can hold the OBV trendline or not. If it cannot, then we can expect to see another touch of the bottom of the green area.
It will break the...