Bao Finance has been in a consistent downtrend for around 36 days now, extremely similar to the previous downtrend breakout pattern that lasted 39 days. Will we see a similar reaction?
Descending triangle or wedge coming to a close.
Rsi exxagerated divergence on 1h. Pump could be as big as 5th of april pump, dont miss 3-4x!
first TP is around 0.0014
i 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
The fundamentals of BAOUSD have me very bullish on the project as the use cases allow for more use of synthetic assets as shown in their documentation.
As shown in the charts I have an upper range of where we could have a reversal for profit takers to create downward pressure on price or if it pushes past it to break the trend to see some further adoption which...
this 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...
BAO 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...
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.
I 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...
The 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...
