Bake has broke out of the major resistance downtrend on the daily chart with a high volume breakout signalling buyer intention for continuation in the coming days.
It broke out of the initial falling wedge (end of trend reversal pattern) into a strong daily demand zone and since created a CHoCH (change of character) forming a new trend of...
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
Gartley bullish pattern, Possible scenario.
The accumulation process seems to be over. The right volume will signal the start of a new uptrend..
Main Support Zone: $0.826 - $1.445
Main Resistance Zone: $3.49 - $4.52