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BICO

Long Bico to .32 CentsHappy Thanksgiving American Friends. I still do expect a holiday weekend pump though we have not gotten as much of a pullback as I had expected to precede this expected pump. For this reason, I have been picking altcoins to go long on that have either not pumped hard yet or have found good support and still have targets to reach. One such coin appears to be BICO. Though it did spike upwards and wicked into the target area that I had drawn for this inverse Head and Shoulders pattern several months ago, I expect coins to remain in that target area once reached for at least a few days before dropping or proceeding further. For this reason, I think BICO will move towards this target area yet again. Additional incentives for entering here include the facts that: It has found good support on a big area of confluence which include the 200 day sma, the 50 day sma, and the neckline of the inverse h&s It has also found its support on the RSI which acts both as support and shows us some hidden bullish divergence from origin of the trendline I have entered BICO at .2572 with a target of .32, a SL of .23 and a r/r ratio of 2.2 None of this should be construed at fin advice. This is all for your entertainment. Best, Stewdamus
COINBASE:BICOUSDLong
by stewdamus
In the descending ceiling and little possibility of growthIn this analysis, we had a comprehensive look at BICO currency in 4-hour and hourly time. This currency is in a falling trend, but it has reached the limit of this trend. It is possible for this currency to fail and leave the downward channel, but we still do not see any positive reaction in this currency. Therefore, there is a possibility of 12% growth in 4 hours up to the resistance range. And after that, we have to wait for the strength of this currency in dealing with the resistance, in case the resistance breaks and stabilizes on it, we can update this analysis. In the time of one hour, there is a possibility of a slight drop and after that it will grow up to the ceiling of the channel.
Short
by karaco2022
BICO/USDT bullish journey? 👀 🚀 BICO Today analysis💎 Paradisers, brace yourselves for a potential venture with BICOUSDT. Currently, it's navigating within a demand zone, signaling a heightened likelihood of a bullish trajectory. 💎 A notable observation is its recent break from a descending trendline, propelling it into an upward movement. At this juncture, the asset is rejuvenating its bullish momentum. The odds are leaning towards a bullish surge. 💎 If this momentum persists, the initial expectation is for the asset to challenge the supply zone. A successful breach of this zone amplifies the chances of targeting an even stronger supply level above. 💎Conversely, should the asset face resistance and not sustain its current momentum, there's a probability of a bullish continuation from the .2116 level. However, a descent below this threshold might prompt the price to revisit the previously broken trendline.
Long
by MyCryptoParadise_Simon
BICO/BTC - Biconomy: Failure_Swing◳◱ We've detected a Failure Swing pattern on the OMXSTO:BICO / CRYPTOCAP:BTC chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 0.00000815 | 0.0000085 | 0.00000921 and the major support zones are respectively at 0.00000744 | 0.00000708 | 0.00000637. It is a bullish indication and we may consider buying at the current price zone of 0.00000732 and targetting higher levels. ◰◲ General info : ▣ Name: Biconomy ▣ Rank: 207 ▣ Exchanges: Binance, Hitbtc ▣ Category/Sector: N/A ▣ Overview: None ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00000732 ₿ ▣ 24HVol: 0.796 ₿ ▣ 24H Chng: 2.954% ▣ 7-Days Chng: 0.84% ▣ 1-Month Chng: -0.52% ▣ 3-Months Chng: -10.07% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00000815 | 0.0000085 | 0.00000921 ◢ Support: 0.00000744 | 0.00000708 | 0.00000637 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: SELL ◰◲ Technical Indicators Summary : SELL ◲◰ Sharpe Ratios : ▣ Last 30D: 0.55 ▣ Last 90D: -0.24 ▣ Last 1-Y: -0.32 ▣ Last 3-Y: -0.54 ◲◰ Volatility : ▣ Last 30D: 1.04 ▣ Last 90D: 0.87 ▣ Last 1-Y: 0.93 ▣ Last 3-Y: 1.54 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth BICOBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
BICOUSD Massive pump but buy on the next pullbackBICOUSD is having a strong push that naturally turned the 1D technical outlook overbought (RSI = 75.371, MACD = 0.002, ADX = 39.812). By doing so it hit the 1D MA200 for the first time in almost five months. We are not buying into this pump yet as the 1W MA50 looms (rejected the April 8th high) as well as the Resistance Zone. The 1D MACD is below 0, suggesting that there is still high upside potential, so we will buy after a rejection near 0.2500 and target the top of the Falling Wedge (TP = 0.3500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BICOUSDLong
by InvestingScope
6
LINK: About to reach a year-long resistanceIn this chart, BINANCE:LINKUSDT is inching closer to a critical level wherein the coin is about to touch a year-long resistance line dating back to June 2022. The highlights shown are the instances of the price breakout rejection, making it the strongest resistance for the year. In my view, a breakout is possible if we see a candle confirmation along with a good buy volume and other indicators continue showing bullishness of the coin. What should we do then if it breaks out? Identify your nearest support. I would do the process by backtesting as well as plotting retracements, and presented in horizontal lines are the potential resistance lines based on mentioned processes, a given of which is the Fibonacci retracement of .382 level from its all-time high (ATH) to its low level of approximate $7.60. On the other hand, a rejection could happen based on the RSI being near the overbought territory, an indication of potential selling. For visual reference, check the vertical line on the July 2022 price. Should you trade this coin now? You could do a scalp if you have the setup, scalp long for me since the trend is still upwards. For intraday traders like me, I would wait until it hits on the resistance line or common support breakdown. Always have a plan whenever trading by identifying our take profit areas and stop loss. Happy trading!
by luigi360swirl
Embracing the Potential: #BICOUSDT Aims for 75% Price Expansion💎Recently, #BICOUSDT demonstrated a clean bounce off the support downtrend trendline, suggesting that the potential for upside movement is wide open, paving the way for further gains in the days to come. As long as the price remains above the critical $0.225 support level, we are likely to witness either an accumulation phase or a swift continuation of the upward pullback. This positive development should propel the price towards one of the robust supply zones established over the past year. 💎The nearest resistance lies around $0.33, aligning with the 38.2% Fibonacci retracement level, implying a minimum 20% increase for $BICO. However, should the bulls successfully breach this resistance, the next target would be the 78.6% Fibonacci level, opening up a substantial 75% growth potential. Stay attuned, Paradisers, as we monitor the unfolding #BICO price action and identify strategic opportunities amidst the market dynamics. 🌴
Long
by MyCryptoParadise
Biconomy | BICO show a nice divergence coming to end of wedgeBiconomy | BICO show a nice divergence coming to end of wedge Looking like we are nearing the end of a larger descending wedge, it is still slightly uncertain times with BTC so further drop is definitely possible, a little extra room has been given on the stop-loss to accommodate . | Descending wedge in play | Untested weekly pivot | Potential resistance at the 20 D.EMA | A little extra given for stop-loss below the end of the wedge in case of further BTC breakdown | Breakout of descending CVD trendline | Bullish Divergence in oversold territory
Long
by Kryptochristian
1
BICOUSDT |Potential project for a bull market|Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉 📌A bit of information on the coin, to date, Biconomy (BICO) is traded on 34 exchanges, including Binance, LBank, WhiteBIT and others. The maximum trading volume for the trading pair is $11.4 million (89% of the total volume for all exchanges). ▫️According to technical analysis, an ascending triangle pattern has formed on 4H, which the price has already been able to break through, I expect continued growth to the local zone of $0.7 per coin. 💡I also want to say a few words about #btc, in the ideal scenario I expect consolidation at the level of 23.200 and after that there will be a strong upward impulse, also pay attention to the false breakdown of $22.800, I think it was a false takeaway before the growth of $25.000 Write your comments what do you think about this?👇
Long
by CryptoW1neer
BICOUSDT |Interesting coin review|Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ -A bit of information on the coin, to date, Biconomy (BICO) is traded on 34 exchanges, including Binance, LBank, WhiteBIT and others. The maximum trading volume for the trading pair is $11.4 million (89% of the total volume for all exchanges). -According to technical analysis, an ascending triangle pattern has formed on 4H, which the price has already been able to break through, I expect continued growth to the local zone of $0.7 per coin.
Long
by DanilBlinkov
13