BAOUSD
BAOUSDjust highlighting the extreme volatility of cryptocurrencys
+ cyclic swings within a fullish market cycle
historically taking the 20ema has lead to a brief bullish price action before eventual downswings
the yearly range shows swing is -94% with a high of +1000% from current kinda bullflag (downtrend) structure
was pumped to an incredibly high marketcap on uniswap before listing and farmer profit takers have seen a slow burn almost complete devaluation, what a crazy chart
$BAO Waiting for the BUY signalI was just scrolling through FTX Perps yesterday and saw this chart. It looks like it could give very good ROI . I opened a "what the hell" LONG yesterday and took just 19% lol I should have let it ride all night. I wasn't expecting Bitcoin to take out it's previous ATH today. Now I'm just waiting for a "BUY" confirmation to re-enter.
bao looking great to accumalate down herebuying bao down here looking great for accumalation and good potential risk reward here
BAO looks decent again herei like the look of the OBV pennant
confluence with the rsi breaking out of downtrend
bouncing off local demandzone
all the while price stuck in a bullflag
pandaswap just launched on bsc today
which is a good catalyst for this kind of setup imo
bullish.
stops at the demandzone/local bottom
BaoToken (BAO) • Trade IdeaBAO is starting to look like is at a buy range. The downtrend basis might be broken soon and even retested at lower level but this coin has been on considerable correction for awhile. The only thing still missing is significant volume bakcing up uptrend but those 4h and D wicks are looking promising.
RSI (signal) is at extreme low levels like in the past and this time printing a bullish divergence increasing the probability and conditions for bounce from here. Assuming that Bitcoin will start marking up there is good chance that so will BAO.
Check my video analysis for my thoughts on this token.
BaoToken (BAO) • Beaten up FTX coin with potential upside Bao is another low cap coin available on FTX with currently no buzz (often come AFTER it pumps). The technicals are starting to look good. Great chance we start seeing soon the breakout of the downtrend assuming that Bitcoin will return to growth. Check video for my thoughts on it.
BAO - once againBAO is looking like it formed a bottom. Stop is your choice but I think this one has a big upside potential. ATR has a nice entry here and a bottom formation that usually ends with a steep run up.
BAO-USD work in progressBAO-USDT (project in alpha stage, unaudited, risky / promising)
!!! Work in progress chart : Supports / Resistances !!!
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DEX: Uniswap, Sushiswap (lowfee xDAI/STAKE chain in progress)
CEX: Gate.io, FTX
Coingecko
Info: What is BAO
Token intention: Creation of synthetic assets.
Similar tokens: SNX, AAVE
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This isn't a financial advice.
Always do your own research.
This is not T/F analysis. Published private work in progress only.
BaoToken (BAO) ready to blow! +177% profit potential!BAO looks like it's ready to blow.
Reasons to buy:
-High timeframe bullish divergence
-It has dipped into the accumulation zone a number of times and the last time it was bought up quickly
-Volume has increased significantly
-10EMA crossed above 20EMA showing strength
Buy and hold - 177% gains might just be the start.
BAO.USD (Y21.P1.E1).Nice bottom formationHi All,
BAO Finance has a nice bottom formation and as to the price target, go with initial fib levels and then take it from there.
In this bull market, it won't surprise me that it will go back where it started from and some more.
All the best,
S.SAri
or a round bottom as well