💥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?
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Bakeusdt
Bake about to get sendEverything looks really bullish here. a good short term trade.
Long term setup is very solid. long term resistance is broken. been consolidating for few days might consolidate more before an epic burst.
My custom Multiframe Ichimoku cloud also about to be broken, hopefully!!
Hodl strategy recommended with some flexible stoploss. exit when setup fails.
WAGMI
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!
Bakusdt will be 3X from this position. See you in december endsBake and cake are like brothers. First cake then bake.
BAKE-USDT trade setup #BAKE
This is one of the most interesting charts IMO. it has the potential to give us at least 45% profit. The last TP would be around $5.
We see volume expansion at the resistance. The only point is to see whether it can hold the OBV trendline or not. If it cannot, then we can expect to see another touch of the bottom of the green area.
It will break the resistance soon if BTC can stay in the range of $60-64K.
BAKEBUSDNow in this chart i see Bearish Shark pattern.
and i spect the price reach this target( target 1 ) in 1 Mount.
Be careful .
BAKE double bottom pattern to $5#BAKEUSDT
$BAKE broke out from descending resistance line and confirmed it as support, price will head up toward the resistance zone around $3, and if success to break out this zone, for completing double bottom pattern will touch $4.9 (that is around 140% increase)
if price break down from ascending support line the bullish scenario will be invalid.
BAKEUSDTBullish continuation within corrective structure.
🔵CYCLE 🚦🚦🚦
Buy *BAKE/USDT* at Current Price: 2.048
Potential Profit Target (PPT) => [30% 70%
*Trade settings*
First buy: 20
Margin call limit: 7
No of Cycle/Sell: 7 times
*NO Dip Calls Multiplier Buy in*
1st call: 3.2% Buy 0.5 times
2nd call: 2.5% Buy 0.5 times
3rd call: 1.7% Buy 1 times
4th call: 2.5% Buy 0.5 times
5th call: 2.5% Buy 1 times
6th call: 3.5% Buy 1 times
7th call: 2.5% Buy 2 times
Change Mode to One-Shot after 7th Call/Profit or when price is near 3.000
*Note: If the trade buys all the calls you should make about 70% profit on Investment*
BAKE / USDT — interesting moment …Hey , everyone !
We want to public some of our notes for today ; )
So , right now we can check the awesome massive downtrend line and local inverse head and shoulders !
If the coin will breaking out the downtrend line and will fixed above the line it will fly .
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We can try to take a position after breakout confirmation of this trend line with strict risk management because market is very extreme right now !
also BAKE + CAKE usually follow BNB ; )
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So , best wishes , guys !
Have an awesome profit .
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Visit other ideas of @Professional_Crypto_Analytics
And say something about what you think bellow ; )
BAKE - getting ready for a new take-off 🤔❓The BAKE/USDT chart shows a mixed picture.
The price is in a local symmetrical triangle, which breaks both up and down, as this is a cryptocurrency market, false breakouts often happen with such figures, you should keep that in mind. Up to this point, we see that every time there has been high volume at the top, this is a signal that the big players are locking in their positions. So we have to be prepared for a downside scenario and a liquidity collection at the bottom.
Second scenario: the price could break the upper boundary of the triangle and go to local highs.
A good time to buy is after a false breakout of the area marked below or after a breakout of the upper boundary of the triangle.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Bake Have 46% profitBakerySwap is the all-in-one DeFi platform that provides both AMM and NFT Marketplace solutions in one place. Users can exchange tokens, provide liquidity, The live BakeryToken price today is $2.10 USD with a 24-hour trading volume of $120,860,660 USD.
Is a good time to buy
Take Profits:
Sell = @ 3.091- 3.290
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