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BAKEBNB

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
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by papaya_musical_analysis
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.
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by Chibuike_Odoh
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).
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by Chibuike_Odoh
BAKEBNB - Baking A Reversal ?BAKEBNB has been overall bearish for a while, trading below our red trendline but since it is approaching a strong demand zone we will be looking for buy setups. And as mentioned in my previous video analysis (attached below), before we buy, we want the buyers to prove that they are taking over again. (you don't want to buy a bearish market right?) We were waiting for a momentum candle above the previous swing high around 0.0075 to confirm the reversal. (which didn't happen) Meanwhile, until the buy is activated, BAKEBNB would be overall and can still test the demand zone. Now BAKEBNB is testing the demand zone and formed a new swing high around our red trendline which is considered the new trigger swing. Trigger => Waiting for a momentum candle close above the gray area (0.006) to confirm the reversal. Meanwhile, until the buy is activated, BAKEBNB would be overall bearish and can still break the green demand zone downward, in this case, a movement till the next demand zone in blue would be expected. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
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by TheSignalyst
51
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!!
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by looky83
13