Chibuike_Odoh

BAKEBUSD (BAKE) - POTENTIAL BUY ENTRY

Long
BINANCE:BAKEBUSD   BAKE / BUSD
ANALYSIS πŸ”Ž
- 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.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out