We can see a W structure forming on an hourly timeframe, this can be a sign of a short-term bullish run if followed by an above-average volume on an hourly time frame.
## Bake Coin (BAKE): Fundamentals, Recent News, and Disclaimer
**Disclaimer:** I am not a financial advisor and this information should not be considered financial advice. Please do your own research before making any investment decisions.
**Fundamentals:**
* **Native token of BakerySwap, a decentralized finance (DeFi) platform built on Binance Smart Chain.**
*...
After breaking a major support zone and experiencing a false breakout of support, buyers launched another attack, and buying momentum picked up after breaking the descending parallel channel. This resulted in higher highs and higher lows, indicating a bullish trend. Targets at 0.4350 and 0.5071 now seems achievable, as long as the 0.2710 level doesn't break.
BYBIT:BAKEUSDT.P
Today I've got bake on the hook as it tests that half line on the RSI and also had an extreme amount of volume yesterday so today, I'm predicting a huge push from here, the chart itself also look genuinely awesome! another 1:5!!
Thanks guys.
LIMIT - 0.3547
STOP LOSS - 0.3318
TAKE PROFIT - 0.4754
BAKE has given a breakout on hourly time frame, and formed a new higher high, and has also potentially printed a new higher low around 0.382 fib retracement level and is all set to break the previous higher high, which is also the entry point for this trade setup. The bullish rally is expected to continue further up. Targets are mentioned on the chart.
Hey dear members hope you all are enjoying our ideas and analysis. Now we are here to discuss about BAKE.
BAKE is at a strong support level and getting ready for big bounce we can see gain here upto 200%+ In this bull run✍
Hello traders and crypto enthusiasts! 🍰 Today, let's turn our attention to BAKEUSDT (BakeryToken against USDT) and explore the enticing technical indicators that suggest a potential uptrend. Join us as we dissect the charts to identify key patterns and signals that could pave the way for a sweet journey upwards.
Technical Overview:
📈 BAKEUSDT is currently...
ANALYSIS
- BASE/USDT hit a swing high and retraced.
- Price is testing a confluence of horizontal support and key fibinacci retracement zone (0.618 - 0.702 - 0786).
- The market could bounce from this support zone if we have a relatively large buyers concentration.
BUY ENTRY
- Current market price
TARGETS
- 0.9062
- 1.0974
- 1.6750
STOP LOSS
- 0.2585
Hello guys. I want to tell sm about trendlines and their lacks. As you know every trader has a personal thoughts about markets and strategies. So also about drawing TRENDLINES. This varietion Causes false signals for trading + smart money knows that retail traders what doing in charts. Based on this you can see various false signal when using trendlines. I...
#BAKE
The price is moving in a downward channel, 4-hour frame
The price adheres to the limits of that channel
We have oversold conditions on the MACD indicator
Current price 0.3047
The first goal is 0.3200
The second target is 0.3366
The third goal is 0.3572
