Bake 1 Bagger move incomingBake is showing signs of a cup and handle pattern, manage your risk, 4th Strike is incoming! :D
BAKEUSDT trade ideas
Bake Scalp 2/24/24We can see a W structure forming on an hourly timeframe, this can be a sign of a short-term bullish run if followed by an above-average volume on an hourly time frame.
BAKE Your Opportunity to Build Wealth: Unlock Crypto's Hidden## Bake Coin (BAKE): Fundamentals, Recent News, and Disclaimer
**Disclaimer:** I am not a financial advisor and this information should not be considered financial advice. Please do your own research before making any investment decisions.
**Fundamentals:**
* **Native token of BakerySwap, a decentralized finance (DeFi) platform built on Binance Smart Chain.**
* **Used for:**
* **Staking to earn rewards:** Users can stake BAKE to earn BAKE and other tokens.
* **Voting on governance proposals:** BAKE holders can vote on proposals that affect the future of BakerySwap.
* **Paying fees:** BAKE can be used to pay for fees on BakerySwap, such as trading fees and swap fees.
* **Total supply:** 1 billion BAKE
* **Circulating supply:** 290 million BAKE
* **Current price:** $0.42 USD (as of February 17, 2024)
* **Market cap:** $121 million USD
**Recent News:**
* **February 15, 2024:** BakerySwap launched a new product called "Smart Bundles," which allows users to invest in a combination of multiple assets with a single click.
* **February 9, 2024:** BakerySwap announced a partnership with Chainlink, a decentralized oracle network. This partnership will allow BakerySwap to access secure and reliable data feeds.
* **January 26, 2024:** BakerySwap launched a new feature called "Auto CAKE," which allows users to automatically compound their CAKE rewards.
**Overall:**
* BAKE is a utility token that plays a central role in the BakerySwap ecosystem.
* The recent news suggests that BakerySwap is actively developing new products and features.
* However, the price of BAKE is still down significantly from its all-time high of $4.60 USD in May 2021.
Parabolic run BAKE50% of the monthly bullish breaker, expecting a parabolic run to the algotarget 1.45$
NFA
Buy BAKEUSDTAfter breaking a major support zone and experiencing a false breakout of support, buyers launched another attack, and buying momentum picked up after breaking the descending parallel channel. This resulted in higher highs and higher lows, indicating a bullish trend. Targets at 0.4350 and 0.5071 now seems achievable, as long as the 0.2710 level doesn't break.
DAY TRADE 025BYBIT:BAKEUSDT.P
Today I've got bake on the hook as it tests that half line on the RSI and also had an extreme amount of volume yesterday so today, I'm predicting a huge push from here, the chart itself also look genuinely awesome! another 1:5!!
Thanks guys.
LIMIT - 0.3547
STOP LOSS - 0.3318
TAKE PROFIT - 0.4754
BAKEUSDT is BullishBAKE has given a breakout on hourly time frame, and formed a new higher high, and has also potentially printed a new higher low around 0.382 fib retracement level and is all set to break the previous higher high, which is also the entry point for this trade setup. The bullish rally is expected to continue further up. Targets are mentioned on the chart.
BAKEUSDT Technical AnalysisHello traders and crypto enthusiasts! 🍰 Today, let's turn our attention to BAKEUSDT (BakeryToken against USDT) and explore the enticing technical indicators that suggest a potential uptrend. Join us as we dissect the charts to identify key patterns and signals that could pave the way for a sweet journey upwards.
Technical Overview:
📈 BAKEUSDT is currently exhibiting positive signs, and the charts hint at the possibility of a bullish momentum. Let's explore the essential technical aspects and potential catalysts that may lead to an upward movement.
Crucial Levels to Watch:
🎯 Resistance Levels: Identify key resistance levels that, if breached, could open the door for sustained upward momentum. Breaking through these levels is vital for confirming a bullish trend.
🚀 Bullish Confirmation: Look for additional technical indicators or patterns that align with the bullish scenario. A convergence of signals can enhance confidence in the potential uptrend.
Risk Management:
🛡️ While the technicals suggest a positive outlook, it's essential to remain vigilant and implement effective risk management strategies. Set realistic profit targets, consider trailing stops, and stay informed about market developments.
Conclusion:
In the dynamic world of crypto trading, identifying potential upside opportunities is crucial. BAKEUSDT is currently displaying bullish signals, and traders may find opportunities in the upcoming upward movement. Keep a close eye on the charts for confirmation of the positive trend.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your research and consult with a financial advisor before making investment decisions.
#BAKEUSDT #CryptoAnalysis #TechnicalAnalysis #BullishMomentum #BakeryToken #CryptoTrading #Blockchain #TradingView #UptrendPotential
BASE/USDT - BULLISH SETUP ANALYSIS
- BASE/USDT hit a swing high and retraced.
- Price is testing a confluence of horizontal support and key fibinacci retracement zone (0.618 - 0.702 - 0786).
- The market could bounce from this support zone if we have a relatively large buyers concentration.
BUY ENTRY
- Current market price
TARGETS
- 0.9062
- 1.0974
- 1.6750
STOP LOSS
- 0.2585
BAKE - BUY SETUP (JAN 2024)BAKE - BUY SETUP (JAN 2024)
This token is in a prime buy zone, indicating potential for an upward trajectory.
BAKE / USDT Quick Profit Set upBAKE / USDT QUICK PROFIT SET UP.
BUYing Zone
Take Profits
Little Stop Loss
Enjoy the ride and Follow for more. $BAKE
DON't USE TRENDLINE FOR TRADESHello guys. I want to tell sm about trendlines and their lacks. As you know every trader has a personal thoughts about markets and strategies. So also about drawing TRENDLINES. This varietion Causes false signals for trading + smart money knows that retail traders what doing in charts. Based on this you can see various false signal when using trendlines. I suggest you do not use trendline for trades and replace it by finding best orderblocks
It's big title for explaining only i want to tell briefly about it
I would like to trade with BIG BOYS NOT A retails.
THINK WISELY NOT SILLY
#BAKE/USDT#BAKE
The price is moving in a downward channel, 4-hour frame
The price adheres to the limits of that channel
We have oversold conditions on the MACD indicator
Current price 0.3047
The first goal is 0.3200
The second target is 0.3366
The third goal is 0.3572
BakeUsdt Breakout Bakeusdt
Breakout confirmed, Incase of successfull retest we can expect a good bullish move .
Not financial advice
#BAKE 6H falling breakoutBullish momentum is about to come after breakout, wait for some bullish wave.
Bake is going BackBake is going to pump if holds a little more here.
Targeting 0.4 and 0.5 initially.
Going to long it here under 0.3200.
If correct on idea this can go massively towards upside.
Closing if looks bad or doesn't hold 0.3100
Putting flat stops at 0.3050.
DYOR
Note: Not a Financial Advice.
BAKE/USDT About to Take Off? 👀🚀 BAKE Analysis Today💎Paradisers, don’t miss the chance to trade #BAKEUSDT, as it’s ready to break out from a key demand level.
💎#BakeryToken is trending up, signaling a possible bullish move from its current demand zone. We expect a retest of the demand level at $0.305, followed by a strong supply zone. If #BAKE stays above this level, it could soar to the major supply zone at $0.81.
💎If #BAKE fails to hold above the support level, we may need to change our strategy. Then, we could look for a bullish entry from a lower bullish Order Block (OB). Be alert, as dropping below this level could trigger a big downtrend.
💎Keep your eyes peeled and be flexible, Paradisers. Your ParadiseTeam is here to provide you with the latest insights and tips, helping you master these market shifts.
BAKE/USDT Could BAKE Bounce and continue upward ?? or Break down💎 BAKE's market activity has been gaining significant attention recently. At present, BAKE is positioned at a pivotal support area, which was formerly a resistance level.
💎 Historically, this zone has been robust enough to prevent a significant breakdown of BAKE, suggesting a potential rebound from this level.
💎 If it successfully bounces back, BAKE may attempt to breach the resistance at $0.419, the probability leading to an upward journey toward the targeted Bearish OB area.
💎 However, should BAKE fail to hold above this support zone, implying a breakdown, it could signal a concerning shift from a bullish to a bearish trend. In such a case, BAKE may enter a downward trajectory, with its next critical point being the demand zone around $0.217.
💎 The demand zone will play a crucial role in BAKE's recovery. A strong bounce and reclaiming of levels above the support are essential to reverse the bearish momentum. Failure to achieve this could confirm a bearish trend for BAKE, potentially leading to further declines below the demand zone.
Bake : Resistance to Support FLIPBakeryToken (BAKE) has recently exhibited a prolonged period of trading within a descending channel, with consistent tests of a horizontal resistance level from above. The recent breakthrough above this level suggests a potential shift in market dynamics, but careful consideration is required as manipulation in this zone could impact future price movements.
📉 Descending Channel and Horizontal Resistance:
The extended period of trading within a descending channel is indicative of a bearish trend. The consistent testing of the horizontal resistance level from the top underscores its significance in acting as a barrier to upward movements. However, the recent breakthrough above this level signifies a potential change in the prevailing trend.
🔄 Anticipating Manipulation:
Breakouts from significant resistance levels are often accompanied by market manipulation. Traders and investors should exercise caution and be mindful of potential price manipulation in the zone above the broken resistance. It's not uncommon for market participants to create false breakouts to trigger stop-loss orders before a decisive move.
🚀 Potential for Upside Momentum:
The breach of the horizontal resistance level opens the door for potential upside momentum. If the breakout is supported by increased trading volume and sustained market interest, it could signal a shift in sentiment. The anticipation of manipulation should be balanced with the possibility of genuine bullish momentum driving the price higher.
💡 Trading Strategy:
Traders considering BAKE should monitor the price action closely in the post-breakout period. Look for confirmation through sustained trading above the resistance level and increased volume. Additionally, setting stop-loss orders to manage risk in the event of a sudden reversal is advisable.
🔍 Key Observations:
Breakout Confirmation: Verify the breakout with sustained trading above the horizontal resistance level.
Volume Analysis: Monitor trading volume during and after the breakout for indications of genuine market interest.
Manipulation Awareness: Stay vigilant for signs of manipulation, especially in the immediate aftermath of the breakout.
Risk Management: Implement effective risk management strategies, including setting stop-loss orders to mitigate potential losses.
🔮 Future Outlook:
1.67 TARGET
While the breakout from the descending channel and horizontal resistance level is a positive signal, the crypto market's inherent volatility requires careful observation. Traders and investors should stay informed, be adaptable in their strategies, and respond prudently to market developments. The potential for continued growth exists, but risk management remains a critical aspect of navigating the dynamic landscape of cryptocurrency trading.
bake inteligentasset bullish scenario
supports 0.36 in 50 ema& trend line,
0.32 lower limit of band around 50 ema& ascending trend Line, 0.233 in 200 ema,
bearish scenario
resistances 0.44 pivot high, 0.518, 0.69 in 800 ema
Is BAKE baking something?After a 62.45% drop it looks like BAKE may have finally found its bottom (caution before we go further) SEC news on the BTC ETFs is 2 days away from posting this, there could be some violent swings.
$1.25 would be the technical target, but as with my SOL chart, we could overshoot if the ETFs are approved, or it may take more time to develop, or we could dump hard if they are denied.
Some believe that an ETF approval is a sell the news event, I personally think we'll pump first and some correction later, how much we pump and correct is anyones guess.
Bake- An interesting coin with 2x potential and 1:4 R:RFrom a technical perspective, BINANCE:BAKEUSDT presents an intriguing opportunity at the moment. Examining the chart reveals a noteworthy pattern. Following the initial breakout from long-term accumulation above 0.2 back in December, the coin underwent a correction to validate the breached resistance. This correction was succeeded by a remarkable pump, and the subsequent decline found solid support at the newly established level (the previous high of the initial upward movement).
Taking into account the prevailing optimism in the crypto market and the coin's characteristic high volatility, there is potential for a new upward movement and a test of the recent peak.
However, it's crucial to be mindful of the elevated risk associated with this particular coin. If you are considering a purchase, it should be done using high-risk capital.
