hi traders
Bake reached a key resistance and got rejected. Now we're seeing a pullback and most likely we will see some consoliadtion before the continuation to the upside.
Make a note that the trend is bullish now.
We got a bullish cross on SMAs which signals a trend reversal.
2 possible scenarios are shown on the chart.
In both cases, mid-term target is 0,50$
If we see mania, next major targets are 1 $ and 1,66 $
0,50$ we may see in December or Q1 2024 easily.
Good luck
Bake reached a key resistance and got rejected. Now we're seeing a pullback and most likely we will see some consoliadtion before the continuation to the upside.
Make a note that the trend is bullish now.
We got a bullish cross on SMAs which signals a trend reversal.
2 possible scenarios are shown on the chart.
In both cases, mid-term target is 0,50$
If we see mania, next major targets are 1 $ and 1,66 $
0,50$ we may see in December or Q1 2024 easily.
Good luck
Comment:
Mid-term target reached. We are seeing a pullback. Bake is still a good hold for a mid-term
Comment:
BAKE is ready for the big pump. Bullish on bake. buying now
Comment:
BAKE has been respecting the support. 1 $ target is just a matter of time now
Comment:
Price came back into the value area. Good buy again
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