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basedAI / WETH

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BASEDAIWETH_8D58E2.USD trade ideas

BASEDAI/USD Range Breakout & RetestVery simple HTF trade idea on BasedAI - Accumulate in a range for 150+ days - Break the range (Weekly Close above) - Re-enter the range toward the mid point (discount) - Hold that mid range as support - Reclaim the top of the range - Continuation to Monthly Resistance Levels Note: Based Labs is releasing a L1 Mainnet called Based in November 2024; BasedAI is the ERC20 version of this token. To my understanding the existing BasedAI will be bridged over to the L1 on launch. Because of these factors it is difficult to determine the tokenomics & exactly how the interconnectedness of the two tokens will play out If this trade plays out as I've layed out, I expect the Monthly Resistance Levels to be cut through like butter. My target for Based is around 1B-2B market cap before February 2025, which based on the total supply of the ERC20 token BasedAI, price would be around $27 to $54
Long
by cruisnn
BasedAi looks poised for a major breakthrough.I'm bullish on BasedAI; it's only a matter of time before the mainnet goes live. Disclaimer: The information provided here is for educational purposes only and does not constitute a buy or sell recommendation. I am not a financial advisor and I reserve the right to be incorrect. Do not make trading decisions based on information from the internet. Always consult your financial advisor or conduct your own research before making any investment decisions.
Long
by CryptoCrestHQ
BasedAI Analysis: Potential Double Bottom FormationWe might see a double bottom pattern emerging on the BasedAI chart. It is important to see whether this upmove is supported by volume. Once the resistance breaks, a huge upward trend may potentially push the price to all-time highs. Disclaimer: The information provided here is for educational purposes only and does not constitute a buy or sell recommendation. I am not a financial advisor and I reserve the right to be incorrect. Do not make trading decisions based on information from the internet. Always consult your financial advisor or conduct your own research before making any investment decisions.
Long
by CryptoCrestHQ