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CryptoDaddi|Feb 14, 2025 18:39
Taking a look at BARIO under a microscope on the 4H.
**I'm using the @RainbowTrends suite of indicators here & there's a few things to note. This system is incredible, but fine tuning lowcaps mainly trading on DEXES makes these results slightly skewed. I have done some manual adjustments to the main indicator to help paint us a better future picture from historical data.**
As you can see from the chart BARIO is once again making its "Color Shift" from White to Red (See key at top right of chart.) This could be a great indicator of seller exhaustion. Ideally we would like to see a nice blue/teal candle once we break over the thin moving average line. This would indicate strength from buyers without the immediate need for profit taking.
BARIO is my main hold on BASE at this moment for a multitude of fundamental reasons. But seeing this chART live time print some potential *bottom* indicators & reversal cues... It was a no brainer to condense a few of my other plays & go heavier into BARIO when it had its most recent white candle.
RN the breakout is SOLID. If it holds, I expect us to make a swift run to the second white TL before ultimately making a retest of the highs & likely price discovery.
Chart reminds me a lot of DSYNC early days before it's legendary legs up. (No similarities between the two projects other than early stages of charts tbc.)]
CA: 0x814fE70e85025BeC87d4Ad3F3b713bDCAAC0579B
https://dexscreener.com/base/0x19efcd30370cd4858df84415d9b63eda2048ef27
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