Bakery Enters Bullish Zone (3,000% Potential Considered)

4 日前

Some Altcoins trading pairs are definitely stronger than others, and this can be seen only through a chart. See the dynamics we have here and try and notice the huge difference compared to other Altcoins.

Bakery has been moving within the bullish zone since December 2023. The lowest level after the Dec. peak happened in April 2024 and the rest of the action until present day has been sideways consolidation, but this is happening above long-term support.

The chart depicts a bearish zone and a bullish zone with a neutral space in-between. Notice the two long lower wicks in 2024, in April and July, both quickly reversed from the neutral zone (orange).

This is a strong support and can be used for buying.

As long as BAKEUSDT trades in the green we are green.

If BAKEUSDT moves lower and enters the bearish zone, which is a low probability scenario, this would only be temporary because we are going bullish in late 2024 and ultra-bullish in 2025.

What I would like to express is the fact that we are ready to grow and we are looking up and we are ready for the bull-market that has been in the making for so long.

Technically speaking, BAKEUSDT is already in bullish territory because there are no new lows since June 2023, that's the end and bottom of the bear-market. The bullish wave in late 2023 was the recovery wave or initial bullish breakout and we will have massive growth in 2025.

We have some nice targets on the chart. Without even considering a new All-Time High, growth potential can reach 3,000% (31X) if BAKEUSDT hits $8. You can find other lower targets as well on the chart.

Are you ready to hold?
Are you ready to buy?
Are you ready to wait?

Once we buy and hold, the market will take care of the rest.

Patience is key.

Thanks a lot for your continued support.

Namaste.