Time to FLY !Time to FLY !
All targets on chart.
BAKE is one of the major exchanges for the Binance chain. We will see a good rally after the breakout.
Bakebtc
$BAKE/BTC 12h (Binance Spot) Falling wedge on supportBakery Swap looks bottomed here, a last leg-down to demand zone would let us enter, then a bounce toward upper-line of the wedge.
Current Price= 0.0000524
Buy Entry= 00.0000505 - 0.0000475
Take Profit= 0.0000610 | 0.0000691 | 0.0000832
Stop Loss= 0.0000394
Risk/Reward= 1:1.25 | 1:2.09 | 1:3.56
Expected Profit= +24.49% | +41.02% | +69.80%
Possible Loss= -19.59%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 1 month
BAKE/BUSD BINANCE4H hollow candlesticks.
Price breakout anytime soon.
BakeryToken Price (BAKE) = $1.17 +6.50%
0.00001997 BTC3.59%
0.0006359 ETH4.43%
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).
