We have a particular chart here. Not everything is bullish, but there is something that exposes the incoming rally; BTC dominance on BAKE.
Whenever BTC goes down, there the alts go. Well, BAKE does not! And has not done it this past days. Bullish rally incoming.
- Green lines are parcial TP zones.
- White lines are potential good entry zones, if you...
◻️BAKE has updated new lows.
◻️To disassemble from the technical side: We have a level, $0.2...when fixing it, it is better to exit the position and consider another entry point.
◻️You can set a limit order for $0.21
💡 Take a 5% deposit into the deal.
◻️Stop loss? when the daily candle closes below $0.2, you can exit the position.
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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...
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.
Bake chart show that the long
BAKEUSDT broken trendline and expected pump only after retest
The daily chart and Weekly charts are near a strong support zone and we can expect a pump for Bakeusdt as we mentioned.
Now on this Short-Term analysis, we can see that price break resistance of blue trendline and if price holds above this local...
Bake did surprisingly not surpass the previous resistance level at 2.10 USD.
I see this however as a great buy-in change.
Bake is currently struggling at the support level of 1.85 USD.
I see two ways this is going:
1) (green line) BAKE will bounce for a while at the current 1.85 USD level and then continue the run towards the upside.
2) (red line) WORST CASE:...
Bake may still bounce for a while (up to 2 weeks) on the area of resistance at 1.95 - 2.05 BUSD. If the resistance gets surpassed, a huge pump is expected.
BakerySwap is a great project itself on the Binance Smart Chain - do your own research and you will find out. A lot of potentials there.