BAKE/BUSDWe should see some move here, either up or down. NFTs are stealing the show, but I do expect DEXes to be back in the near future. At least 1inch and UNI are trying at the moment.
Bakebusd
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.
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).
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!!
$BAKE (THE NEW $CAKE) ACCUMULATION ZONE AND TARGETSAs you may know, we all love bakeries. Great project, great names and great hype. #BSC
CAKE busd to climb out of slight downturmWe can see the tight squeezing of pricing into a triangle.
Expect to see a breakout to the upside and up towards 1 & 4 hour resistance levels.
