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BAXUSDT

BAXUSDT to head down towards monthly support before bounceThe price has been downtrend since it peaked during jan 2023 run. We saw some bounces from weekly support levels on the way down. Now the price is approaching towards monthly support MS1. This is a crucial level for the price and it is likely to hold the price and allow it to reverse. This monthly support level is a good level to go long on this one. It is likely that the price may see another good run to the upside from that support and therefore, offers a very good opportunity to buy it.
Long
by angela_altair
BAX Fundamental and Technical Analysis - Nov 6thNYSE:BAX Token (BABB) // FUNDAMENTAL ANALYSIS // Project Details: Name: BABB Token: BAX Platform: Ethereum IsThisCoinAScam Safety Score: OK (30/100) Market Information (As of November 4, 2023): Market Cap: $13.5 million Market Dominance: 0.0011 24-hour Volume: $136,564 Price: $0.000215 Project Statement: BABB is a decentralised banking platform leveraging blockchain, AI, and biometrics to provide global access to a UK bank account for peer-to-peer financial services. It aims to address the unbanked population of 2 billion people worldwide. BABB provides physical Debit Cards (Mastercard Accepted) for hassle-free spending and financial management Key Features: BABB is regulated and licensed in the UK, offering security to users. It partners with banks, insuring GBP funds up to £85,000 or $100,000 USD. Users can open UK accounts, even from the US. Fast deposits and wire transfers with global expansion plans. BABB offers free deposits and fast transfers to other app users. The platform allows users to store, send, and buy crypto. Their achievements in 2022 during the bull market cannot be understated.This is very compelling. 2022 Currency X Launch: BABB introduced Currency X™ Stablecoins, starting with GBPx, reducing fees and enhancing stability. Contract Upgrade: BAX received an upgraded smart contract, ensuring security and multichain compatibility. Eastern Europe Expansion: BABB partnered with LHV Bank from Estonia to broaden its network in Eastern Europe. Payment Infrastructure: BABB reinforced its payment infrastructure for real-time fiat on-ramp and off-ramp in preparation for the Currency X™ bundle of stablecoins. Active Hyperledger Fabric Research: BABB engaged in research on the Active Hyperledger Fabric, with further details forthcoming. Enhanced Security: BABB improved app security with eKYC, 2-factor authentication, CAPTCHA checks, and backend enhancements. DeFi 2.0 Adoption: BABB embraced the DeFi 2.0 trend by developing hybrid wallets with legacy bank accounts. App Enhancements: BABB introduced an updated look and feel for the app, including stablecoin wallets and advanced features. Upcoming/Ongoing in Roadmap ⊛ Launch the Hybrid Money Accounts and debit cards ⊛ Add CurrencyX trading pairs ⊛ Raise Series A equity ⊛ Introduce BABB’s own Mainnet project ⊛ List BAX in more exchanges (Tentative) Security Security Score: 18% Date reviewed by Cer.live: 05 Nov 2023 Security Details: N/A Platform Audit Coverage: 0% Insurance Score: 0% Bug Bounty Score: 0% Markets: BAX is listed on three exchanges (Kucoin, MXC and Bittrex) Token Holders Etherscan shows there are 2,937 BAX token holders, which has decreased in recent days by 0.068%. There have been 18,700 transactions with the BAX token. Kucoin holds 49% of the supply. The second largest holder holds 15% of the supply. // SENTIMENT ANALYSIS // Fear and Greed Index 70 out of 100. Greed. Bullish. Social Followings X Followers: 36.00k Reddit Subs: 2.28k Telegram Followers: 895 I asked, “Why do you guys like BAX?” on X Answers Long-Term Faith: One user mentions holding BAX for the long term and values it as a matter of faith in the project. FCA Regulation: BABB (associated with BAX) is mentioned as FCA regulated, and the upcoming launch of the first FCA regulated Layer-1 Blockchain is seen as a significant advantage. Potential: BAX is seen as having significant potential, and users express optimism about its future impact on the financial industry. Comparisons to XRP: Some users draw parallels between BAX and XRP, suggesting that BAX's development and potential may resemble XRP's early days. Defi and Technology: BAX is mentioned in the context of the DeFi (Decentralized Finance) world, and users seem interested in its technology and fundamentals. Lack of Telegram Community: A user notes that there aren't many participants in the BAX Telegram community compared to its potential. Mention of Negative Aspects: There's a mention of concerns about BAX, including allegations of token printing and potential losses. In summary, the reasons people like BAX appear to include faith in its long-term potential, FCA regulation, its technology, and comparisons to other successful cryptocurrencies like XRP. // TECHNICAL ANALYSIS Marketcap Rank On CoinPaprika, BABB has a Marketcap ranking of 654 compared to Telcoin (201) and DFX (983). Liquidity Slightly more sell pressure than buy pressure. Return Rates: Compared to exactly one year ago, BAX is up 248% while Telcoin is up 0.9% and DFX is down 74%. In the past quarter, BAX is down 7% while Telcoin is up 65%, and DFX is up 82% All-Time High Data ATH: $0.003377 Date: 27 Apr 2018 Days Since ATH: 2019 days It is down -93.61% since the ATH Gains required to return to ATH: 1464.32% All-Time Low The current price of BAX is up 355,132% since the all-time low on Oct 03, 2021, which is actually pretty impressive. Especially considering the ATL was not the start price of the token but came after the all-time high on April 25, 2018. Think about that. It means it rallied to the heights. Then, it crashed back down. Then, it is currently 3551x higher than it was two years ago. Kucoin Price Chart on TradingView (Data goes back to April 2021) Coingecko data goes back to March 2018 MACD on the weekly has broken out to the upside. MACD on the daily did a bearish cross to the downside Volume slowly picking up Daily MA Cross is still a while off. If we can hold this powerful resistance level and turn it to support we will be targeting $0.0003 next.
Long
by CryptoMitchX
😤 $Bax needs a heavy breatherAnalyzing #babb or $bax on multiple time frames, it's clear that a retracement or a major pullback is necessary. Pretty much on every time frame it's heavily over-bought, i'm not talking about just 80. $Bax is currently hitting like 98-99 ish even on the higher time frame's, i also caught that there's a major hidden bearish divergence on the higher time frames( 3D and weekly), which is significant because me that tells me the overall trend will continue, which would be downward. $Bax has made a nice run thus far, but it's clear that it needs to cool off since, again it's pretty much maxed out on the higher time frames. When it finally retraces i'm expecting a huge retracement to fill in the gaps and imbalances that are left in the market. Long-term i am bullish on $Bax, but it will have a significant retracement. That's when i'll look to get back into the market.
Short
by Nick.TkgProfits
7
BAXUSDT Technical Analysis ⏳ Spot 💎 BAXUSDT has formed a Wedge pattern on the bigger picture , Inside of the Wedge it has formed a Descending Triangle which the price has broken above it. It is expected that the price goes to the upper line of the Wedge 🏁 Medium Term 💵 Invest Only 5% of your Portfolio 🎳 Entry at market or 0.0005230 ☕️ TP1 0.0006400 🍺 TP2 0.0007900 🍻 TP3 0.0009900 🍾 TP4 __________ 🍷 TP5 __________ 🍸 TP6 __________ 🍹 TP7 __________ 🎁 TP8 __________ 🚫 SL 0.0004250 Good Luck 🎲 Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a Profitable Day
Long
by Fibonacci-Signals
2