$BAO: Bao finance pattern, something we've seen before.Following Chico crypto's video on the Bao finance / sushi swap bullish integrations, this price action is picking up. We've seen this pattern multiple times before, $ALGO comes to mind as one that followed this W shaped pattern. With the right side of the W as a higher high. Once we break above that .0022 level, I would expect the momentum to carry this to previous ATH's. If this happens in a quick enough time frame? There might be quite a bit of alt coin hype and we might see it break above the ATH -> retest -> and then rocket.
These small cap, #Defi projects are a gold rush right now, 9/10 are probably going to not amount to anything, but it's definitely fun to throw a few hundred dollars at something like this and hold 6 figures of a token. If you want to avoid risk like this? Buy $BTC, $ETH and $LINK and forget about it.
Chicocrypto
PieDoa Filled w/ Bearishness?My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis in which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
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ANALYSIS:
Due to lack of historical data, TA is 90% based on past experience w/ possible developing formations. PieDoa formed a double-top in which a minor correction took place, however, seems very possible a deeper correction is developing. 5 min time frame signal 9EMA cross over to the downside, and 15 min time frame signals possible movement to the upside. W/ Chico Crypto pushing this as one of his low cap gems, we can possibly see a shakeout to 0.0017939WETH before we see higher highs. Especially now we see ETH slowing down, one last deep to validate who has the strong hands before positive price action.
CHICO CrypTo's XOR PolKaDot Eco. GEMMy Fellow T.V. Comrades,
Appreciate you taking the time to view my analysis in which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
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ANALYSIS:
XOR had a great surge after bouncing off the lower ascending trend on 11/12. Had a pump of nearly 140%, which means a healthy pullback is a looming. We are seeing this narrative play out currently, as XOR noses dived into 0.205ETH for support. Therefore, XOR is in search to find some footing for support. So, the 0.17ETH and the 0.15ETH levels are looking very intriguing as possible buying opportunities. As Atls may be entering their bullish cycle, XOR could be a nice stash if it dips to those lower support levels. Either way, bagging some DoT Eco. coins have seemed to play out very well so far. Just saying.
As Chico said "I got 99 problems and baggin shIt coins aint one!"