It has a nice flag pattern. It has also had a nice correction. It may both go up or down according to the BTC trend. So, I should be careful and watch the formation. If it breaks the downtrend, I can buy on spot.
Guys, it's pumpseason and I would say that the BakeryToken is going to have another pump soon !
BAKE already broke up this triangle and backtested it's upper edge, so I think there is chance for run to 3.23 and even more. I bought @ 1.267, just publishing bit late, but it can still drop to this level again anytime...or it can just fly straight away. On...
Bake has risen 60%, 20 days after our analysis, I think we can initiate bulls if we overcome the last resistance.
Exchange BAKEBUSD 1d Binance
Price: 1.66| 1.45| 1.14
OBV:-116.0 M|-133.7 M|-164.2 M
RSI: 64.86| 59.07| 46.79
MFI: 74.50| 72.89| 66.62
CCI: 296.79| 228.78| 4.32
BAKE have negative cumulative delta on daily chart, but on h1 chart it's already positive. I see orders up to $1.91.
Current h4 graph out of triangle and i see 2 varians: 1) it's going up to $2 to find new resistance 2) use $1.70 - $1.72 as new support.
I'm waiting $1.72 to buy token.
All details on chart. Coin in accumulation, testing key break out level for second time, entry on the pullback. Enjoy the ride. Will probably need a month before ATH's, but should reward the patient, with a very nice confirmed buying level. A close below the Hold level is Stop Loss. Best of Luck.
Looks like it's time for the BAKERY TOKEN!
$BAKE has finished it's accumulation and established support on the daily at 0.82-1 area.
It has stopped making lower lows and broke to the upside today.
Marked are key resistance levels which should become support after it manages to pass them.
Good looking bullish long term pattern - forming giant cup.
Also a mid-cap...