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Bake

BAKEUSDTBased on the provided market data, the BAKE/USDT pair is currently priced at $0.1470. Looking at the 4-hour chart, the Relative Strength Index (RSI) is at 75.64, which is typically considered overbought. This could indicate potential for a price drop or correction in the short term. The Moving Average Convergence Divergence (MACD) is at 0.0032, which suggests bullish momentum. The Bollinger Bands (Bb) are at 0.1437, with the price above the middle band, indicating that the market is in a bullish trend. The daily chart shows the RSI at 62.12, which is relatively neutral. The MACD is at 0.0056, further confirming the bullish momentum. The Bb is at 0.1560, with the price below the middle band, suggesting a bearish trend in the longer term. The weekly chart shows the RSI at 53.10, which is neutral. The MACD is at -0.0091, indicating a bearish trend. The Bb is at 0.1504, with the price below the middle band, further confirming the bearish trend. In terms of support and resistance levels, on the 4-hour chart, the first, second, and third support levels are at $0.1224, $0.1148, and $0.1050 respectively, while the resistance levels are at $0.1424, $0.1917, and $0.2229 respectively. On the daily chart, the support levels are at $0.1043, $0.0930, and $0.0699, and the resistance levels are at $0.1560, $0.2016, and $0.2726. On the weekly chart, the support levels are at $0.1087, $0.0826, and $0.0797, and the resistance levels are at $0.1778, $0.3742, and $0.6518. In conclusion, the market data suggests a bullish trend in the short term, but bearish in the longer term. However, the high RSI on the 4-hour chart may indicate a potential price correction. As always, it's essential to consider other market factors and your risk tolerance when making trading decisions.
Long
by MarsSignals
6
BAKEBTC Uptrend Validation Point to BullishBAKEBTC has recently demonstrated strong support within the 61.8% Fibonacci level, affirming the significance of the demand zone. This was further reinforced by the price breaking above the downtrend trendline, confirming the presence of an ongoing uptrend. Consequently, the likelihood of a continued price ascent is notably high, with BAKE potentially targeting the next significant supply area around 625 satoshis. Nevertheless, it's wise to remain prepared for a consolidation phase and a potential re-test of the demand zone before a full-fledged rally ensues. Overall, the overall bullish outlook remains highly optimistic for BAKEBTC.
Long
by CryptoPAMM
BAKE/USDT Can Bake Break the Strong Resistance or Down again ???💎 BAKE is unmistakably on our watchlist. It's gearing up once again to challenge a formidable resistance zone. Previously, upon encountering this resistance, BAKE faced a sharp 19% decline, only to rebound impressively upon reaching the Bullish OB zone. 💎 While the current trend showcases bullish tendencies in the short run, a decisive bullish confirmation would require BAKE to breach and sustain above this strong resistance. 💎 However, if BAKE stumbles at this resistance once more, we might witness a pronounced decline, potentially revisiting the Bullish OB zone. Should BAKE falter and lose its grip on this OB zone, there's a chance it could descend further, possibly towards the robust support zone.
by MyCryptoParadise
BAKE/USDT Potential Bounce and make a Bullish Momentum ??Yello Paradisers, Keep an Eye on BAKE: Navigating a Major Descending Channel 💎 BAKE continues to operate within a significant downward channel. 💎 Previously, it experienced a sharp rally, reaching a Bearish Order Block (Bearish OB) where it faced a strong bearish rejection and subsequently declined. 💎 Looking at the chart, BAKE shows potential for a bounce as it approaches a resistance zone. Should BAKE face rejection at this point and decline, it's likely to breach a crucial support level, setting new lows. On the flip side, if BAKE manages to break and sustain above the resistance zone, it could retest the previous Bearish OB. 💎 This analysis would be invalidated if BAKE breaks through the key support level and closes below it on the daily chart.
Long
by MyCryptoParadise_Nathan
7
BAKEBTC Faces Critical Support💎#BAKEBTC is currently exhibiting robustly bullish price dynamics. A keen examination reveals a recurring pattern: the price consistently breaches the downtrend trendlines on the daily chart, signaling a sustained long-term uptrend. 💎At present, the price finds itself sandwiched between the supply and demand zones, predominantly trading at the lower boundary of this range. Of particular significance is the resilience of the 61.8% Fibonacci level, which has served as a robust support level, with the price hovering just above it for the past five days. 💎This pattern significantly augments the likelihood of an impending upward movement. If this materializes, the price could potentially ascend just beyond the supply zone, with a target set on the 127.2% Fibonacci retracement level. However, it's essential to remain cautious as long as the minor resistance at 430 satoshis remains unconquered by the bulls. 💎Should this resistance fail to yield to the bullish momentum, the downside risk persists. In such a scenario, the breach of the 61.8% Fibonacci support would set #BAKE on a continued downward trajectory, with its sights potentially fixed on the 78.6% Fibonacci support level.
Long
by MyCryptoParadise
Buying $BAKE$Bake -Belonging to the group #seed being pushed. Small cap vol is ok to buy in bulk. I bought this price hoping to make a profit 🌹🌹 What is a Symmetrical Triangle A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle. KEY TAKEAWAYS Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point. Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation.
Long
by Crypto-Adda_Official
BAKE going fractalobolicYou say FRACTAL I say BINANCE:BAKEUSDT ! Just look at this! 30m TF right before and 1h TF at newest formation, the same structure with the volume, almost the same FIB. Adding to the fact that we're about to break the Long going trendline AND the fact that it has just announced a partnership with BASE L2 blockchain We might see the very parabolic move. Are we gonna see next 200%? It's a matter of days if we'll see it. High Risk. High Volatility. Probable High and quick reward.
Long
by A_I_Vision
2
BAKE/BTC - BakerySwap: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the $BAKE / CRYPTOCAP:BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.00000392 | 0.00000405 | 0.00000441, and the major support zones can be found at 0.00000356 | 0.00000333 | 0.00000297. Consider entering at the current price zone of 0.00000384 and targeting higher levels. ◰◲ General info : ▣ Name: BakerySwap ▣ Rank: 456 ▣ Exchanges: Binance, Hitbtc ▣ Category/Sector: N/A ▣ Overview: None ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00000384 ₿ ▣ 24HVol: 1.591 ₿ ▣ 24H Chng: 1.857% ▣ 7-Days Chng: 13.56% ▣ 1-Month Chng: -24.15% ▣ 3-Months Chng: -39.20% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00000392 | 0.00000405 | 0.00000441 ◢ Support: 0.00000356 | 0.00000333 | 0.00000297 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -2.27 ▣ Last 90D: -1.62 ▣ Last 1-Y: -0.48 ▣ Last 3-Y: 1.27 ◲◰ Volatility : ▣ Last 30D: 1.00 ▣ Last 90D: 0.80 ▣ Last 1-Y: 0.92 ▣ Last 3-Y: 2.36 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.55 - Bullish ▣ Reddit sentiment score is 0.61 - Bullish ▣ In-depth BAKEBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
BAKE BUY H1Hello! To long this cryptocurrency, it's better to identify a suitable range that has the value of taking the risk. You have identified two patterns for going long on this asset, and you give a higher probability of going long in the first base. Without having any additional information about this asset and the identified patterns, I cannot provide an opinion on the level of risk and profitability of these decisions. However, considering technical analysis and identifying suitable ranges, you can make a decision to long this asset. Wishing you success and profitability.
Long
by jawad369
$BAKE/#BTC [#BakerySwap]: Falling_Wedge◳◱ We've detected a Falling Wedge pattern on the $BAKE / $BTC chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 0.00001043 | 0.00001242 | 0.00001555 and the major support zones are respectively at 0.0000073 | 0.00000616 | 0.00000303, We may consider buying at the current price zone at 0.000008 and targetting higher levels. ◰◲ General info : ▣ Name: BakerySwap ▣ Rank: None ▣ Exhanges: Binance ▣ Category/Sector: N/A ▣ Overview: None ◰◲ Technical Metrics : ▣ Mrkt Price: 0.000008 ₿ ▣ 24HVol: 4.393 ₿ ▣ 24H Chng: 1.01% ▣ 7-Days Chng: -12.58% ▣ 1-Month Chng: -19.45% ▣ 3-Months Chng: -2.76% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00001043 | 0.00001242 | 0.00001555 ◢ Support: 0.0000073 | 0.00000616 | 0.00000303 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -2.39 ▣ Last 90D: 0.21 ▣ Last 1-Y: -0.12 ▣ Last 3-Y: 1.41 ◲◰ Volatility : ▣ Last 30D: 0.99 ▣ Last 90D: 0.93 ▣ Last 1-Y: 1.48 ▣ Last 3-Y: 2.49 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.51 - Bullish ▣ Reddit sentiment score is 0.61 - Bullish ▣ In-depth BAKEBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF