4HR RSI indicating further down movement with lower lows being printed on the smaller time frames, we could see a bounce from either the 0.5 or 0.618 fib level but if these levels fail BAKE could retrace down to $4 - $5. Follow me for daily updates on BAKE.
In 4 days, BAKE successfully broke 2 triangle and made it way to the new ATH 2 times. ATM, the gains shrink and on its way to correction. The lowest fib, have reached to the lowest level in between 5 and 618. We can see clearly, that BAKE rn are forming the isoceles triangle. The probabilities for the future trends, are approximately on 50:50 down and...
Big move coming soon, Bake will grow like CAKE & BNB.
BAKEBUSD BAKE BINANCE CHART UPDATE IF YOU WANT TO BUY THEN WAIT FOR DIP BAKE COIN IS GOOD FOR LONG TERM TARGET :- 10 - 15 - 20 ++
It reversed upwards after correction and as long as it stays above the white line it should go to new ATH. Of course BTC should not dump.
Hello, it seems Bake Busd is forming cup and handle keep an eye on the breakout guys it may take the price to 1.6 Fib pocket. Cheers
Bake appears to be plotting a bullish cup and handle pattern with the handle due to breakout anytime soon. Once breakout is confirmed, we should see Bake soaring past $2. Please like and follow if you found this idea helpful - Thanks! 🤑 **** Not Financial Advice - Always DYOR! ****
BAKE is going to make a move. Watching if it can hold the support line (prior resistance) at around 1.25. If this breaks to the downside, next stop would be 1$ area. If it breaks to the upside - 1st stop - 1.90s, 2nd - 2.25, 3rd - 3$. A lot will depend on the BTC situation as well.
Guys, it's pumpseason and I would say that the BakeryToken is going to have another pump soon ! BAKE already broke up this triangle and backtested it's upper edge, so I think there is chance for run to 3.23 and even more. I bought @ 1.267, just publishing bit late, but it can still drop to this level again anytime...or it can just fly straight away. On...
If BAKE manages to break this triangle on the upper side, we might finally see some uptrend. The fact that BTC and BNB are both recovering from the dip helps for sure.
It has a nice flag pattern. It has also had a nice correction. It may both go up or down according to the BTC trend. So, I should be careful and watch the formation. If it breaks the downtrend, I can buy on spot.
This is a spot position and at this point we have good Risk/Reward
Not financial advice, DYOR bla bla. First time posting an analysis here (mainly beacuse it’s the first one i spot by myself, not too much free time) I predict Bake is going to have the same pattern for the last time before changing behavior. 1.75-1.80 is a good entry point imho 2.00 First target 2.25 Second target 2.50 min last one, too risky going...
Looks like it's time for the BAKERY TOKEN! $BAKE has finished it's accumulation and established support on the daily at 0.82-1 area. It has stopped making lower lows and broke to the upside today. Marked are key resistance levels which should become support after it manages to pass them. Good looking bullish long term pattern - forming giant cup. Also a mid-cap...
Good day traders. Bake USD with bearish divergence 4h tf, keep an eye on the .618 FIB. Nof financial advice, just my current view. Please leave a like if you agree, or let me have your thoughts below. Cheers.
Now in this chart i see bearish AB=CD pattern. I Sell 50% this position and I keep another 50% to moon. Be careful.