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Bakeusd

BAKE (BakeryToken) Token Analysis 28/03/2022Fundamental Analysis: Launched in September 2020, BakeryToken (BAKE) is a part of the BakerySwap ecosystem. Liquidity providers are rewarded with BAKE tokens which can be used to earn a share of BakerySwap’s trading fees and to participate in voting as part of BakerySwap’s governance process. BakerySwap is a decentralized automated market-making (AMM) protocol that is based on the Binance Smart Chain (BSC). The BAKE token is a native BEP-20 governance token on the platform. Users have the ability to earn BAKE tokens by providing liquidity on BakerySwap, and BAKE holders can use their tokens for governance voting and to receive transaction fee dividends. The BAKE rewards are offered in several liquidity pools, initially including BTC, ETH, DOT, LINK, BUSD and BAKE versus BNB. Bakery Swap runs on the Binance Smart Chain. The BAKE-BNB pool is expected to provide ten times the rewards compared to other pools. BakerySwap, a Binance Smart Chain-based AMM, offers liquidity pools for altcoins such as LINK, DOT and others. It works through initial liquidity pools. BakerySwap has two types of liquidity pools: with BAKE rewards and without them. This is done in order to facilitate the creation of new liquidity pools by the community. Only designated pools will have BAKE rewards. The reward multiplier for each will vary based on the value they provide to BAKE holders. BakerySwap charges a 0.30% fee on all swaps and trades, out of which 0.25% go to liquidity providers. The liquidity providers are then given liquidity pool tokens that represent their share of each pool. Through these tokens, they can earn a portion of the fees that are collected in the pools when removing the liquidity. Liquidity providers can then stake Bakery LP tokens to farm BAKE token rewards. The BakeryToken network is secured through the use of real-time security monitors and intelligence systems. It has on-chain monitoring and passes many security checks. The current CoinMarketCap ranking is #347, with a live market cap of $131,508,003 USD. It has a circulating supply of 193,529,485 BAKE coins and the max. supply is not available. Technical Analysis: As you can see the Price Value of the Asset has Fallen the 95% of its All Time High and currently is at the Incubation and Accumulation Phase where soon we can see the inflow of the Smart Money and will Pump the Price to the higher levels. There exist a Bullish Divergence of Price value form MACD which means the Reversal of the current Bearish Trend and Start of the New Bullish cycle with Impulsive Trends. We have defined 3 Targets which are the Confluences of the Fibonacci Expansion with Fibonacci Trend Base Extension Levels, and they are they Potential Pivot Points. The 3 TP gets its confirmation as the Price Triggers the 2 TP followed by some Price Correction and Distribution before the Impulsive wave.
Long
by BitonGroup
14
BAKEUSDT - A Bright Future AheadWow! Could BAKEUSDT be ready for a bright future ahead? If we analyze this chart from a liquidity perspective, existing buyers should now be stopped out of the market, creating liquidity for the banks to swoop in and buy up. I am new to crypto analysis but a chart like this on forex would definitely spark some interest for me. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! --------------------------------------------------------------------------------------------------------
by AlkalineFX
8
💥BAKE BREAKOUT - FALL TO $1.470 OR RISE BY 235% TO $4.80 & $7.2Please support this idea with a LIKE👍 if you find it useful🥳 As seen here on a daily TF, we have price broke out of the descending triangle and got itself into a symmetrical triangle. Right now, market is indecisive whether to go long or to short. Therefore, a downward breakout from the existing symmetrical triangle will make price fall to $1.470 and an upward breakout will push price by 235% to $4.80 and $7.20. What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on BAKE ( BAKEUSDT ) 🤗 Happy Trading💰🥳🤗
Long
by PetrockFxTrading
Time To Bake NOW !! BAKEUSDT Hi Friends, Here is my Daily Bake idea! After a long downtrend finally the day is coming. Better to wait until the end of the December to reach latest target. Entry will be activated after candle close above the green area. ADX seems positive, current value around 18-19, would be good sign when it's cross above 21, also +DI above the -DI which can consider as strong bullish trend.if ADX crosses above 21. Target points are on the charts. If it's break below the uptrend your STOP LOSS suppose to be activated.( As indicated on the chart) What out closely :) Good luck with it! If you like the idea, just press the like :) It's not financial advice. Don't forget, always make your own research before to trade any ideas!
Long
by seldaki
1