BACK last support or double bottom#BAKE/USDT
$BACK is at lowest support zone and below the middle line of descending parallel channel.
🐻 if price break down from this support zone, the last support can be around $0.127.
🐮 holding this support can shape double bottom pattern and price can increase to resistance zone around $2.
BAKEUSDT trade ideas
Pullback to the previous uptrend, up to the range of 1.4Pullback to the previous uptrend
Re-growth up to the range of 1.4 to 1.6 and then falling to the base level of the previous wave.
In the 4 hour chart you can see the previous uptrend.
After falling from the highest point of the previous wave, the ascending wave of the previous wave pulse should be formed.
In the second wave, it will see price growth in the range of 1.4 to 1.6.
After completing this wave, it will fall to the base level of the first wave, ie around the price of 0.65.
Bake now awake! We have held our support at 80 cents. Although we dipped a little lower, we managed to rise above.
If we can maintain above, we will see a beautiful rise which I do see happening. I actually see Bake rising to $3 or more by then end of the year. It may actually be sooner, let’s hope but either way, we win.
If you missed LRC’s pop a couple months ago, here’s your chance!
Remember, patience always wins. DYOR.
$BAKE - a bounce off the blue support line and I'm LONG. This coin is curving nicely right now. I see how it could easily go fetch a 300% gain after a bounce off that daily support (blue line).
The next Order Block Resistance is over the $2.00 mark. I did not count waves for this but there is huge potential there technically speaking. These are the types of setups that make for long and profitable swing trades.
Trade safe everyone!
BAKE/USDT BREAKOUT! READY TO PUMPHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
Buy some BAKE at CMP and add more up to $0.9
Target:- 25-30%
SL:- $0.8750
Lev:-10x
Keep your SL tight.
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Bake - It's Been awhile This is a chart that I am not completely sure about as price action for alt coins is entirely contingent upon BTC, which is further contingent upon market makers, exchanges, real demand ect..
* discharge should not be traded around, however, if BTC bounces somewhere in the area of where price is now, I would expect Bake to do something like this.. (it certainly has more room for upside than this chart shows,
however, BTC taking a turn downward ***would certainly invalidate this chart
Good luck and best regards
BakeryToken (BAKE) formed bullish Gartley for upto 48% moveHi dear friends, hope you are well and welcome to the new trade setup of BakeryToken (BAKE)
On a 2-hr time frame, BAKE has formed bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
BAKEUSDT (BakeryToken) Mid to Daily tf Range Updated till 1-4-22BAKEUSDT (BakeryToken) Midtier to Daily timeframe range. A alt with decent price action and clean chart till now. the pump at 31 march 2022 is very much make sense as there is a massive gap from its top and the low volume #spring test from its bottom zone. it didnt took much for a push back. it did been reasonable to its zone provided some solid intraday setups and some scalps setups for daytraders. with not much of retail interest compare to other alt's it can get more volatile which it didnt for a while, which is a surprise.
Update on Crypto Breakout Strategythere is an even better setup than waiting for a daily range that is higher than the range of entire week:
simply scan for markets that had a high RELATIVE VOLUME today then place a buy stop trigger for the morning trades.
BNX today and BAKEUSDT yesterday show that you can get 10%+ trades with this method
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.