BAKERYTOKEN - BAKE/USDT - 1H - Technical analysis published on 12/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.356339 USDT
My targets
1.538500 USDT (+258.47%)
2.189000 USDT (+410.04%)
My analysis
The bullish trend is currently very strong on BAKERYTOKEN - BAKE/USDT. As long as the price remains above the support at 0.356339 USDT, you could try to benefit from the boom. The first bullish objective is located at 1.538500 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.189000 USDT as an objective. Crossing it would then enable buyers to target 3.158000 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BAKERYTOKEN - BAKE/USDT price is 0.429181 USDT. On the day, this instrument gained +26.67% and was between 0.323281 USDT and 0.431097 USDT. This implies that the price is at +32.76% from its lowest and at -0.44% from its highest.0.323281
0.431097
0.429181
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:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this BAKERYTOKEN - BAKE/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.286469 | 0.310475 | 0.343446 | 0.429181 | 1.538500 | 2.189000 | 3.158000 |
| Change (%) | -33.25% | -27.66% | -19.98% | - | +258.47% | +410.04% | +635.82% |
| Change | -0.142712 | -0.118706 | -0.085735 | - | +1.109319 | +1.759819 | +2.728819 |
| Level | Minor | Major | Intermediate | - | Major | 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 | 0.126202 | 0.170709 | 0.254765 | 0.299272 | 0.383328 | 0.427835 | 0.511891 |
| Camarilla | 0.303466 | 0.315251 | 0.327036 | 0.338821 | 0.350606 | 0.362391 | 0.374176 |
| Woodie | 0.145977 | 0.180596 | 0.274540 | 0.309159 | 0.403103 | 0.437722 | 0.531666 |
| Fibonacci | 0.170709 | 0.219820 | 0.250161 | 0.299272 | 0.348383 | 0.378724 | 0.427835 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.130928 | 0.170936 | 0.206065 | 0.246073 | 0.281202 | 0.321210 | 0.356339 |
| Camarilla | 0.220532 | 0.227420 | 0.234307 | 0.241195 | 0.248083 | 0.254970 | 0.261858 |
| Woodie | 0.128490 | 0.169716 | 0.203627 | 0.244853 | 0.278764 | 0.319990 | 0.353901 |
| Fibonacci | 0.170936 | 0.199638 | 0.217370 | 0.246073 | 0.274775 | 0.292507 | 0.321210 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.085492 | 0.107960 | 0.145624 | 0.168092 | 0.205756 | 0.228224 | 0.265888 |
| Camarilla | 0.166752 | 0.172264 | 0.177776 | 0.183288 | 0.188800 | 0.194312 | 0.199824 |
| Woodie | 0.093090 | 0.111759 | 0.153222 | 0.171891 | 0.213354 | 0.232023 | 0.273486 |
| Fibonacci | 0.107960 | 0.130930 | 0.145122 | 0.168092 | 0.191062 | 0.205254 | 0.228224 |
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): | 67.31 | |
| MACD (12,26,9): | 0.0237 | |
| Directional Movement: | 16.185907 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.395328 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.358410 | |
| Elder Ray (13): | 0.015761 | |
| Super Trend (3,10): | 0.330910 | |
| Zig ZAG (10): | 0.396882 | |
| VORTEX (21): | 1.1295 | |
| Stochastique (14,3,5): | 77.98 | |
| TEMA (21): | 0.396052 | |
| Williams %R (14): | -8.80 | |
| Chande Momentum Oscillator (20): | 0.018368 | |
| Repulse (5,40,3): | 4.3829 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.2392 | |
| Courbe Coppock: | 17.50 |
| MA7: | 0.268550 | |
| MA20: | 0.244223 | |
| MA50: | 0.189902 | |
| MA100: | 0.157469 | |
| MAexp7: | 0.382036 | |
| MAexp20: | 0.361231 | |
| MAexp50: | 0.318963 | |
| MAexp100: | 0.286319 | |
| Price / MA7: | +59.81% | |
| Price / MA20: | +75.73% | |
| Price / MA50: | +126.00% | |
| Price / MA100: | +172.55% | |
| Price / MAexp7: | +12.34% | |
| Price / MAexp20: | +18.81% | |
| Price / MAexp50: | +34.56% | |
| Price / MAexp100: | +49.90% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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