BAKERY TOKEN ANALYSIS BakeryToken (BAKE) The CertiK-certified token swapping platform running on the Binance Smart Chain (BSC) uses BAKE for governance. Past Performance of BAKE The path of the least resistance is still southwards. From the daily chart, there were attempts for higher highs, but bears of June 25 quashed attempts. Therefore, while BAKE bulls are optimistic, expecting price gains in the days ahead, BAKE is under immense pressure at spot rates. At the time of writing, BAKE is down 12 percent versus the USD. Day-Ahead and what to Expect BAKE/BUSD is trading within a bear breakout pattern with caps at $3. Prices are wavy inside June 23 bull bar, favoring buyers—at least in the short-term. Even so, since BAKE/BUSD is within the double-bar bullish pattern of June 22 and 23, buyers stand a chance. BAKE sellers have the upper hand, reading from the daily chart. Accordingly, every pullback to $3—in such a bearish trend, could offer a selling opportunity for traders. Bears can aim for $1 in the short term. On the reverse side, a reversal from spot rates and subsequent confirmation of the recent double-bar bull reversal pattern may inject momentum, driving BAKE towards $3 and the middle BB in a welcomed shift of trend. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #bakerytoken #bakerytokens #bakeryswap #bakeryswapnft #bakeryswap😍 #bakeryswapthailand https://www.instagram.com/p/CQnK7PNgEQn/?utm_medium=tumblr
