BAOUSD - Ready for a breakout
BAO is a low cap coin that has great fundamentals. They are in the works for releasing on Polygon franchise and testing of soft synthetics on Polygon (as stated in their discord chats).
TA: If we break above this trendline (in green) I believe this will excite the community and create buying pressure which will be great for trading.
Things to note:
All crypto is following BTC/USD so if it continues to play out the Wyckoff formation and continue up then this will push price up of BAO/USD
Polygon launch could be riddled with bugs and could create less faith in project creating selling pressure.
Time will tell.
TA: If we break above this trendline (in green) I believe this will excite the community and create buying pressure which will be great for trading.
Things to note:
All crypto is following BTC/USD so if it continues to play out the Wyckoff formation and continue up then this will push price up of BAO/USD
Polygon launch could be riddled with bugs and could create less faith in project creating selling pressure.
Time will tell.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.