✴️ Bakery | The Bottom Is In + 333% Target (Name Your Altcoin)

22 Okt 2023

Are you a baker?

Many Altcoins hit bottom in September and October, this bottom being technically part of a correction rather than the end of a bearish impulse, what's the difference?

We will leave the explanation for another article, let's focus on the signals at hand, BAKEUSDT.

Our concern is with a bullish reversal, with a bullish wave, with Cryptocurrency growing, with a green Bake; do we agree?

The signals are clear if you ask me.

Volume is always the best indicator or the strongest confirmator but it needs context to work.
Whenever a move is accompanied by volume, we know the move to be either "real" or strong.

Back in November/December 2022 a bottom pattern showed up that led to a weak rally... The lack of volume predicted that the rally wouldn't last and it didn't, it ended in new lows.

Now, in June/September 2023 we have a new bottom pattern but this time supported by really high volume, this tells us that the next rally will be strong and is likely to end in a higher low rather than new lows, meaning, long-term growth.

➖ Bullish divergence with the RSI and MACD as well.
➖ BAKEUSDT is trading above EMA50.
You can find the targets on the chart...

Thank you for reading.
I am sending you kisses... Lol, just kidding!

Namaste.

1 Jan

Dagangan ditutup: sasaran tercapai

Beyond all targets. +648%