If BAKE is in a Correction, it is good momentum for continuation of uptrend!
if Breakout of ending channel it is in a buy position to me,
with regard the sharp decline and HD- divergence in MACD , I expect more sideway down before
any bounce up to complete its BAT Pattern
BakeBusd pair trend analysis and chart pattern on 4h period is positive, for mid term buying limit is 2.85 to 2.9 & selling target should be 3.160, lets see #DYOR
symmetrical triangle, EMA and MACD all are in positive position
I analyzed the BAKE coin, which has been on the rise for a long time. This coin, which is close to realization in the medium term, its price is currently expected to increase by 2,860 volume, if the volume rises, I predict the price to rise to the level of 3,530
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We are in daily time frame. As you can see, the price is approaching its support line. If the price is not supported and penetrates and stabilizes below the support line, it can experience further decline. But if it can break our resistance line and stabilize above the line, it can touch...
Looks like this retest was expected on the daily, and I just bought a bag.
It is showing lower highs correct, however, the bet here is (if) we broke that trend, i'll expect it to atleast retest the top.
Alt coins have a tendency to retest tops usually, either a double top, which is profitable with this entry, or a higher high!