hello? Traders, welcome.
Notes related to this analysis :
- The downtrend has been broken and pullback has also been done
It seems to give a swing position !
If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day!.
Bitcoin has surpassed the $30k mark. It's about time to start considering about altcoins. Bake is what I'm looking at. At the time of writing, 1 bake is worth 0.36 dollars.
BakerySwap is a Binance Smart Chain based decentralized automated market-making (AMM) technology (BSC). On the platform, the BAKE token is a native BEP-20 governance token.
This is our second signal after we improved our trading system. BAKE is already up 70% + from the lowest point and is holding support and rising the last 12 days.
Possibility of continuation as just today we received our signal to enter, and after a long downtrend the price has broken the lip of the alligator and is going up.
Enter with caution on the...
BAKE / USDT
This chart says it all.
No need for analysis.
A long-term downtrend channel in which the foot of the support channel was lost.
The worst thing that can happen to a currency.
When the downtrend channel loses its support, it loses its value even more severely.
It is expected to fall by at least 13 cents.
#BAKEUSDT #BAKE #BTCUSD #LUNA #LUNCUSDT #LUNC
$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.
Pullback to the previous uptrend
Re-growth up to the range of 1.4 to 1.6 and then falling to the base level of the previous wave.
In the 4 hour chart you can see the previous uptrend.
After falling from the highest point of the previous wave, the ascending wave of the previous wave pulse should be formed.
In the second wave, it will see price growth in the range...
We have held our support at 80 cents. Although we dipped a little lower, we managed to rise above.
If we can maintain above, we will see a beautiful rise which I do see happening. I actually see Bake rising to $3 or more by then end of the year. It may actually be sooner, let’s hope but either way, we win.
If you missed LRC’s pop a couple months ago, here’s your...