BAOUSD trade ideas
BAO updatethis exceptional altcoin is going to have a great year
one of the few coins i fully researched
docs.bao.finance if anyones curious
fundamentals genuinely stand out to me, recognised by @ftx and @alameda and now available as collateral on ftx for perp futures
(recognised as hard currency)
not on many exchanges yet (tick)
tokenomics are magical (tick)
active developement across multichains (xdai/ethereum) (tick)
partnered with reputable companies (sushiswap) (tick)
launching yetiswap xdai exchange (tick/innovation)
still 130% of overhead before ATH on ftx listing (tick)
long and strong on this one, im farming and plan to hold this all year.
will be my startup cash for next bullrun.
bao.finance if your familiar with yeild farming and smart contracts very high 10000%+ apys being offered
i think comp jrt and socks were the juicy yields if i can recall
sendit.exe (careful on pullbacks if your not willing to hodl
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.
Possible Capitulation on BAOI really like this project but after a huge blowoff top has played out since getting listed on FTX this is starting to look heavy.
The white triangle reminds me alot of the 2018 Bitcoin bear market which resulted in a breakdown forming a U shaped Bottom.
If we manage to Break to the upside and close above the yellow inverse parabola i can sell my bullish case playing out.
Set some layered bids down to 0,000500$ on FTX and already started to build spot exposure around 0.00100$.
Good luck trading and as always this is not financial advise.
BAO/USD : Bullish PressedThe Bao Vision of Finance
Traditional finance doesn’t work. Not for most people. It works for wealthy suits. It’s great for them. They own the data. They own the marketplace. And if things don’t go their way they change the rules of the game.
Many people think the answer to fixing this system is simple. Just put it all on DeFi. But in reality that doesn’t work by itself. The projects that have been successful in DeFi are the ones that do things that did not exist in old finance. Compound, Uniswap, Balancer are good examples. They all do things in a new way.
Why does this happen?
It all comes to data. Most people aren’t aware that financial data is what makes institutions so powerful and why you can’t do what they do. This is why synthetics will matter.
But why does that matter?
If you can get liquidity in any discrete quantifiable event then what have you created? The world’s most accurate financial data system.
Financial data is used within insurance, lending, hedge funds, risk mitigation, banking, yield, mortgages, credit scores, etc.
Incentivised synthetics allow you to start building an open financial data market. But once you have synthetics, you own the financial data stream to anything because you can incentivise liquidity to make it more accurate.
When you own the financial data stream you can start any DeFi business you want on top of it, or package and sell the data for others to build on. But you become a strong base foundation of the future of finance.
Market Cap
$60,070,597
24 Hour Trading Vol
$3,542,616
24h Low / 24h High
$0.00117087 / $0.00133655
Circulating Supply
48,290,982,821 / 897,662,316,394
Fully Diluted Valuation
$1,116,628,995
Max Supply
897,662,316,394
$BAO is the futureThis came across on Gate.io. This is a hidden gem. When I looked at the project, it sounded awesome. This is a long time hodl project. It can give x10 or maybe more.
Fundamentals:
*What is BAO: Check their page: docs.bao.finance In their page it says "Right now existing protocols for synthetics (like Synthetix and UMA) require you to put your assets into a base token in order to collateralise the creation of your synthetic asset, taking on risk and losing your exposure to the underlying assets of your choice. Instead of this, we are allowing users to use their LP tokens to create synthetic assets, so they will still have their exposure to the underlying assets and the LP fees from that trade pair.
The fees are ridiculously low. The BAO Protocol takes the following fees on deposit: 0.75% deposit fee. The standard withdrawal fees range from: 0.1% - 0.5%
TA: We are seeing a huge falling wedge. It nearly retraced to 0.618 fib. Once we break the wedge, we can hit T1, T2. Once binance discovers this, it can reach the final target. It is currently migrating to xDAI.
$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.
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.
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