Londinia Opportunities Analyses - 05/21/2022 (GMT) BAKERYTOKEN - BAKE/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | BAKEUSDT |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.273720 USDT
My targets
0.292133 USDT (+3.48%)
0.305100 USDT (+8.08%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BAKERYTOKEN - BAKE/USDT as long as the price remains well above 0.273720 USDT. The buyers' bullish objective is set at 0.292133 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.305100 USDT. If there is any crossing, the next objective would be the resistance located at 0.873800 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.6
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The BAKERYTOKEN - BAKE/USDT price is 0.282300 USDT. On the day, this instrument gained +6.85% and was between 0.259900 USDT and 0.285800 USDT. This implies that the price is at +8.62% from its lowest and at -1.22% from its highest.0.259900
0.285800
0.282300
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of BAKERYTOKEN - BAKE/USDT in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 0.247000 | 0.260160 | 0.273720 | 0.282300 | 0.292133 | 0.305100 | 0.873800 |
| Change (%) | -12.50% | -7.84% | -3.04% | - | +3.48% | +8.08% | +209.53% |
| Change | -0.035300 | -0.022140 | -0.008580 | - | +0.009833 | +0.022800 | +0.591500 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.220400 | 0.238200 | 0.251200 | 0.269000 | 0.282000 | 0.299800 | 0.312800 |
| Camarilla | 0.255730 | 0.258553 | 0.261377 | 0.264200 | 0.267023 | 0.269847 | 0.272670 |
| Woodie | 0.218000 | 0.237000 | 0.248800 | 0.267800 | 0.279600 | 0.298600 | 0.310400 |
| Fibonacci | 0.238200 | 0.249966 | 0.257234 | 0.269000 | 0.280766 | 0.288034 | 0.299800 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.193000 | -0.005300 | 0.141300 | 0.329000 | 0.475600 | 0.663300 | 0.809900 |
| Camarilla | 0.195968 | 0.226612 | 0.257256 | 0.287900 | 0.318544 | 0.349188 | 0.379833 |
| Woodie | -0.213550 | -0.015575 | 0.120750 | 0.318725 | 0.455050 | 0.653025 | 0.789350 |
| Fibonacci | -0.005300 | 0.122403 | 0.201297 | 0.329000 | 0.456703 | 0.535597 | 0.663300 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.746500 | -0.118400 | 0.209800 | 0.837900 | 1.166100 | 1.794200 | 2.122400 |
| Camarilla | 0.275018 | 0.362678 | 0.450339 | 0.538000 | 0.625661 | 0.713322 | 0.800983 |
| Woodie | -0.896450 | -0.193375 | 0.059850 | 0.762925 | 1.016150 | 1.719225 | 1.972450 |
| Fibonacci | -0.118400 | 0.246907 | 0.472593 | 0.837900 | 1.203207 | 1.428893 | 1.794200 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 59.36 | |
| MACD (12,26,9): | 0.0031 | |
| Directional Movement: | 7.746830 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.279554 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.273337 | |
| Elder Ray (13): | 0.003481 | |
| Super Trend (3,10): | 0.268037 | |
| Zig ZAG (10): | 0.281800 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 70.22 | |
| TEMA (21): | 0.282063 | |
| Williams %R (14): | -19.80 | |
| Chande Momentum Oscillator (20): | 0.013200 | |
| Repulse (5,40,3): | 1.6540 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1298 | |
| Courbe Coppock: | 8.00 |
| MA7: | 0.277029 | |
| MA20: | 0.379295 | |
| MA50: | 0.653890 | |
| MA100: | 0.642481 | |
| MAexp7: | 0.279688 | |
| MAexp20: | 0.275366 | |
| MAexp50: | 0.272687 | |
| MAexp100: | 0.272160 | |
| Price / MA7: | +1.90% | |
| Price / MA20: | -25.57% | |
| Price / MA50: | -56.83% | |
| Price / MA100: | -56.06% | |
| Price / MAexp7: | +0.93% | |
| Price / MAexp20: | +2.52% | |
| Price / MAexp50: | +3.53% | |
| Price / MAexp100: | +3.73% |
Quotes :
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Real time data
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