BAKERYTOKEN - BAKE/USDT - 15 min. - Technical analysis published on 09/18/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.111933 USDT
My targets
0.117867 USDT (+1.78%)
0.125433 USDT (+8.32%)
My analysis
The bullish trend is currently very strong on BAKERYTOKEN - BAKE/USDT. As long as the price remains above the support at 0.111933 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.117867 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.125433 USDT as an objective. Crossing it would then enable buyers to target 0.131367 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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This analysis was given by Henry07. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BAKERYTOKEN - BAKE/USDT rating is 0.115800 USDT. The price registered an increase of +4.99% on the session with the lowest point at 0.107600 USDT and the highest point at 0.116500 USDT. The deviation from the price is +7.62% for the low point and -0.60% for the high point.0.107600
0.116500
0.115800
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BAKERYTOKEN - BAKE/USDT:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on BAKERYTOKEN - BAKE/USDT were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of BAKERYTOKEN - BAKE/USDT in 15 min. shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish doji star
Type : Bearish
Timeframe : 15 minutes
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.105135 | 0.109600 | 0.112300 | 0.115800 | 0.135700 | 0.154167 | 0.194100 |
| Change (%) | -9.21% | -5.35% | -3.02% | - | +17.18% | +33.13% | +67.62% |
| Change | -0.010665 | -0.006200 | -0.003500 | - | +0.019900 | +0.038367 | +0.078300 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.090867 | 0.098433 | 0.104367 | 0.111933 | 0.117867 | 0.125433 | 0.131367 |
| Camarilla | 0.106588 | 0.107825 | 0.109063 | 0.110300 | 0.111538 | 0.112775 | 0.114013 |
| Woodie | 0.090050 | 0.098025 | 0.103550 | 0.111525 | 0.117050 | 0.125025 | 0.130550 |
| Fibonacci | 0.098433 | 0.103590 | 0.106776 | 0.111933 | 0.117090 | 0.120276 | 0.125433 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.075400 | 0.083020 | 0.098160 | 0.105780 | 0.120920 | 0.128540 | 0.143680 |
| Camarilla | 0.107041 | 0.109127 | 0.111214 | 0.113300 | 0.115386 | 0.117473 | 0.119559 |
| Woodie | 0.079160 | 0.084900 | 0.101920 | 0.107660 | 0.124680 | 0.130420 | 0.147440 |
| Fibonacci | 0.083020 | 0.091714 | 0.097086 | 0.105780 | 0.114474 | 0.119846 | 0.128540 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.010653 | 0.046507 | 0.069893 | 0.105747 | 0.129133 | 0.164987 | 0.188373 |
| Camarilla | 0.076989 | 0.082419 | 0.087850 | 0.093280 | 0.098710 | 0.104141 | 0.109571 |
| Woodie | 0.004420 | 0.043390 | 0.063660 | 0.102630 | 0.122900 | 0.161870 | 0.182140 |
| Fibonacci | 0.046507 | 0.069136 | 0.083117 | 0.105747 | 0.128376 | 0.142357 | 0.164987 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.42 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 12.618131 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.115238 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.114011 | |
| Elder Ray (13): | 0.001241 | |
| Super Trend (3,10): | 0.112624 | |
| Zig ZAG (10): | 0.115900 | |
| VORTEX (21): | 1.1977 | |
| Stochastique (14,3,5): | 82.99 | |
| TEMA (21): | 0.116124 | |
| Williams %R (14): | -10.71 | |
| Chande Momentum Oscillator (20): | 0.003000 | |
| Repulse (5,40,3): | 0.5069 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1044 | |
| Courbe Coppock: | 8.47 |
| MA7: | 0.104043 | |
| MA20: | 0.099630 | |
| MA50: | 0.098635 | |
| MA100: | 0.100691 | |
| MAexp7: | 0.115173 | |
| MAexp20: | 0.114045 | |
| MAexp50: | 0.113223 | |
| MAexp100: | 0.112446 | |
| Price / MA7: | +11.30% | |
| Price / MA20: | +16.23% | |
| Price / MA50: | +17.40% | |
| Price / MA100: | +15.01% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | +1.54% | |
| Price / MAexp50: | +2.28% | |
| Price / MAexp100: | +2.98% |
Quotes :
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Real time data
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Cryptocompare
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