BAKEBUSD (BAKE) - BUY ENTRY UPDATE ANALYSIS 🔎
- This is an update on my previous BAKEBUSD analysis that got invalidated.
- Price brokeout above the descending trendline resistance (DTR).
- The market hit a swing high and retraced.
- Price is retesting and descending trendline resistance (DTR) and key fibonacci retracement zone (0.5-0.618 - 0.786).
- The retracement is bounded in the falling wedge (FW) pattern.
- A falling wedge pattern is a bullish reversal pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's (FW) resistance and horizontal resistance level (R1).
TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Horizontal resistance level (R4).
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support and 0.786 fibonacci retracement level.
Bake
BAKE/BUSD BINANCEBAKE/BUSD BINANCE
4H hollow candlesticks.
Price breakout at the end of asymmetric triangle.
Support and Resistance levels shows as horizontal lines.
Steady volume.
BakeryToken Price (BAKE) = $1.13 -6.56%
0.00001914 BTC5.35%
0.0006173 ETH6.71%
Good Luck
CryptoHellas Team
BAKEBUSD (BAKE) - BUY ENTRY ANALYSIS 🔎
- BAKEBUSD was resisted by the descending trendline resistance (DTR).
- Price brokeout above the descending trendline resistance and retraced.
- Price is retesting the descending trendline resistance and key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- Price action is printing the inverse head and shoulders pattern (IHAS).
- This is a bullish reversal pattern.
- There's an uptrend continuation possibility.
BUY ENTRY ⬆️
- Conservative entry : breakout above the inverse head and shoulders neckline resistance.
- Aggressive entry : market price.
TARGETS 🎯
- Horizontal resistance level (R1).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the head horizontal support level (S1).
This is the movement which i believe.I'm a believer :) While I was drawing the lines, I used the "sixth-sense" indicator of mine.
BAKEBNB (probably far-fetched)There is hardly any analysis behind that... Simply random pattern matching (extrapolating pump waves into the last one).
However, is it likely to happen? Maybe, if the circumstances were perfect... Huge BTC pump, then movement sideways for alt-season to accelerate.
We would have to see some interesting projects appear on BakerySwap as well.
It could turn out to be 12345ABC Elliot wave, then there could be another big drop in price.
“History Doesn't Repeat Itself, but It Often Rhymes” ~ Mark Twain
#BAKEBUSD #4HHi guys..its the latest analyze chart of #BAKEBUSD in 4H time frame(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
BAKEBUSD - BUY ENTRY ANALYSIS 🔎
- BAKEBUSD was bounded in the falling wedge (FW-1) pattern.
- Price brokeout above the falling wedge's (FW-1) resistance.
- The market then retraced and is testing the key fibonacci retracement levels (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at the test zone.
- Price action is printing another falling wedge pattern (FW-2).
- A falling wedge pattern is a bullish reversal pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's (FW-2) resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support and the 0.786 fibonacci retracement level.
Update #2 on my BAKE/BNB ideaIt looks to me that we're repeating a pattern that happened before the first big wave in this graph, both are inside Ellipses with orange border and connected with a orange curve; the dashed purple line would be the second most likely possibility to happen in my opinion, but the yellow line is still valid as well
*not a financial advice, trade at your own risk*
BAKEBUSD (BAKE) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- BAKEBUSD was bounded in the falling wedge pattern.
- Price brokeout above the falling wedge's resistance.
- The market then retraced and is testing the ascending channel key fibonacci retracement levels (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at the test zone.
- Price action is printing the double bottom pattern.
- Double bottom is a bullish reversal pattern.
- There's an uptrend continuation possibility.
BUY ENTRY ⬆️
- Breakout above the double bottom neckline resistance (NR)
TARGETS 🎯
- Horizontal resistance levels (R1).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the double bottom horizontal support level (S1).
BAKE / BUSD - 1 HOUR - BUY / SELL ZONES#BAKE / BUSD - 1 HOUR - BUY / SELL ZONES
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WallStretDefi have been trading for 20+ years on the stock markets and 12+ years in the Crypto Space, we are here to share our ideas with you.
DO NOT BE LEFT BEHIND - The Crypto Bull Market Is here right now and will likely move a lot higher in the coming months and years.
If you want help trading Bitcoin or any other ALT coins hit us up , WallStreetDefi will improve your trading, Have a look at the links below.
Soon #Bake will outperform Binance CoinTake a look @ 4H chart for # Bake/Bnb
Soon # Bake will take over
Bake is having every day good news, next week they plan new IDO, tommorow they have a free aidrop for staking #Bake
There are 130mil #Bake in circ with a total supply of 144mil (90% already on the market) ...
Marketcap is around $200mil in this moment.
#Cake the other competitor has 122mil in circ with a Marketcap of $1.6 Billions
You do the math for the potential here .
This project will be very good in no time!!!
Enjoy!!
BAKEBUSD (BAKE) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- BAKEBUSD is bounded in a descending channel.
- Price is testing the descending channel support.
- A minor falling wedge pattern is forming in the descending channel.
- A falling wedge pattern is a bullish reversal pattern.
- There's an breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance and horizontal resistance level (R1).
TARGET 🎯
- Descending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.
BAKEBUSDBuy zone before yellow line in a "red" zone.
Is not recommended to buy when price is higher than yellow line - you taking big risks.
Use stop-loss - recommended is bottom line of "red" zone or under support line if there any.
Take profit in a green zone or above, You can move your stop-loss higher,
when price is close to top of green zone or above.
All analysis is only subjective. I am not responsible for your investment decision.
If you are agree with idea your like is very important for me.
Thank You.
We have falling wedge, we have RSI divergence, BTC (now at 45K ) and TOTAL prepare to move up, very bullish.
You decide - agree or not :)
#Bake will go over 10$ soonBuy #Bake and hold
Perfect price now 1.36$
This token will fly very nice soon
Enjoy!!
