#MyHaters goes into cage... because they just hit others without any technical knowledge ..
I predict 3 hours ago that $BAKE strictly follow Downward trend and it continue more..
See here $BAKE is still in downward with 21'% decrease percentage.
Still you blame me without any knowledge or behave like a Smart traders and go to earn handsome amount by taking shorts trades ..
It's best time to invest in it will give you a lot. It will rise again after some days..
Technical Analysis Report for $BAKE /USDT
As of the latest 4-hour chart, BAKE/USDT is experiencing a significant downtrend, currently trading at $0.3186, marking a substantial 19.77% decrease over the past 24 hours. The coin has hit a 24-hour low of $0.3181 and a high of $0.4040, indicating high volatility.
1. Moving Averages: The 7-period moving average ($0.3748) and 25-period moving average ($0.3621) have crossed below the 99-period moving average ($0.3641), signaling a bearish trend.
2. **Volume Analysis**: There is a notable increase in trading volume, suggesting strong selling pressure. The current volume spike could indicate a potential reversal point or continued selling momentum.
3. **Support Levels**: The immediate support level is at the current low of $0.3181. If the price breaches this, we may see further declines.
4. **Resistance Levels**: Key resistance levels are identified at $0.3621 and $0.3748, aligning with the 25-period and 7-period moving averages, respectively. Overcoming these levels is crucial for any bullish reversal.
5. **MACD**: The MACD is below the signal line, reinforcing the bearish sentiment. No signs of bullish divergence are present at the moment.
6. **RSI**: The Relative Strength Index (RSI) is likely in the oversold territory, indicating that the coin is undervalued and could be due for a short-term bounce.
7. **Market Sentiment**: The order book shows a higher percentage of bids (56.88%) compared to asks (43.12%), suggesting some buying interest at current levels.
