BAKERYTOKEN - BAKE/USDT - 15 min. - Technical analysis published on 04/04/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 1.16 USDT
My targets
1.11 USDT (-0.89%)
1.07 USDT (-4.46%)
My analysis
BAKERYTOKEN - BAKE/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.16 USDT. The next support located at 1.11 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.07 USDT. Below this support, sellers could then target 1.04 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by mickaastrup. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BAKERYTOKEN - BAKE/USDT rating 1.12 USDT. The price registered a decrease of -5.88% on the session with the lowest point at 1.11 USDT and the highest point at 1.22 USDT. The deviation from the price is +0.90% for the low point and -8.20% for the high point.1.11
1.22
1.12
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BAKERYTOKEN - BAKE/USDT:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 15 min. of this BAKERYTOKEN - BAKE/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 6 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.76 | 0.93 | 1.04 | 1.12 | 1.24 | 1.43 | 1.54 |
| Change (%) | -32.46% | -16.93% | -6.73% | - | +10.27% | +27.23% | +37.46% |
| Change | -0.36 | -0.19 | -0.08 | - | +0.12 | +0.31 | +0.42 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.07 | 1.11 | 1.15 | 1.19 | 1.23 | 1.27 | 1.31 |
| Camarilla | 1.17 | 1.18 | 1.18 | 1.19 | 1.20 | 1.21 | 1.21 |
| Woodie | 1.07 | 1.11 | 1.15 | 1.19 | 1.23 | 1.27 | 1.31 |
| Fibonacci | 1.11 | 1.14 | 1.16 | 1.19 | 1.22 | 1.24 | 1.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.35 | 0.14 | 0.67 | 1.16 | 1.69 | 2.18 | 2.71 |
| Camarilla | 0.92 | 1.01 | 1.11 | 1.20 | 1.29 | 1.39 | 1.48 |
| Woodie | -0.33 | 0.15 | 0.69 | 1.17 | 1.71 | 2.19 | 2.73 |
| Fibonacci | 0.14 | 0.53 | 0.77 | 1.16 | 1.55 | 1.79 | 2.18 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.30 | 0.09 | 0.82 | 1.21 | 1.94 | 2.33 | 3.06 |
| Camarilla | 1.23 | 1.34 | 1.44 | 1.54 | 1.64 | 1.75 | 1.85 |
| Woodie | -0.14 | 0.18 | 0.98 | 1.30 | 2.10 | 2.42 | 3.22 |
| Fibonacci | 0.09 | 0.52 | 0.79 | 1.21 | 1.64 | 1.91 | 2.33 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 41.92 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -17.46 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 1.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.14 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.14 | |
| Zig ZAG (10): | 1.13 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 51.03 | |
| TEMA (21): | 1.12 | |
| Williams %R (14): | -31.43 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | 1.3500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 1.66 |
| MA7: | 1.13 | |
| MA20: | 0.79 | |
| MA50: | 0.66 | |
| MA100: | 0.75 | |
| MAexp7: | 1.12 | |
| MAexp20: | 1.13 | |
| MAexp50: | 1.14 | |
| MAexp100: | 1.16 | |
| Price / MA7: | -0.88% | |
| Price / MA20: | +41.77% | |
| Price / MA50: | +69.70% | |
| Price / MA100: | +49.33% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.88% | |
| Price / MAexp50: | -1.75% | |
| Price / MAexp100: | -3.45% |
Quotes :
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Real time data
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