BIDAO- Starting to find some Momentum.
Bidao has finally found some momentum and seems to be consolidating well.
Now looking for a further break from trend to indicate more bullish momentum.
2 zones I'll be watching for some sort of change are indicated. (ellipses)
A listing on Binance or other major exchange would do wonders for this project and although early on we saw information that this was supported by Binance and would use BNB as an optional collateral there has been no indication that this will progress.
Since Bidao launched, Binance has worked on it's own projects and partnerships doing similar things within the space so the delay in seeing a listing has probably caused some hesitation.
Despite this fact, the project seems bullish to me and the charts are still looking positive over a tough few days in the market.
Although Bidao does have a reasonably strong community there doesn't seem to be as many ridiculous posts about anticipated price targets.
The community seems to just be quietly confident without spruiking everyday which is a welcome change from many other contenders.
With beta Testnet now being trialled I think we will see some positive things from Bidao over the coming months.
As always, not financial advice
Just my thoughts and TA.
would love to hear some other opinions on the project so feedback welcomed.
Bingaz
Now looking for a further break from trend to indicate more bullish momentum.
2 zones I'll be watching for some sort of change are indicated. (ellipses)
A listing on Binance or other major exchange would do wonders for this project and although early on we saw information that this was supported by Binance and would use BNB as an optional collateral there has been no indication that this will progress.
Since Bidao launched, Binance has worked on it's own projects and partnerships doing similar things within the space so the delay in seeing a listing has probably caused some hesitation.
Despite this fact, the project seems bullish to me and the charts are still looking positive over a tough few days in the market.
Although Bidao does have a reasonably strong community there doesn't seem to be as many ridiculous posts about anticipated price targets.
The community seems to just be quietly confident without spruiking everyday which is a welcome change from many other contenders.
With beta Testnet now being trialled I think we will see some positive things from Bidao over the coming months.
As always, not financial advice
Just my thoughts and TA.
would love to hear some other opinions on the project so feedback welcomed.
Bingaz
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