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BICO

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
Bico capitulation or pump? BINANCE:BICOUSDT Lets take a look on Biconomy chart, are we one step to capitulation or ready for massive pump? ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets and explanation idea ➡️Fib by lines since drop in April. Bico strong hold 0 level and grab all stop losses who opened longs in May at the bottom ➡️The same day got Strong Buy signal on Trade ON indicator. Positive signal ➡️In next days strong signal to buy on Direction indicator (confirmation) ➡️1st resistance we can find out at 0.38 level by fib ➡️Strong Short I think we can see at 1.34-1.41 maybe with wicks ➡️Not now but this is targets for next 2-3 months ➡️Capitulation zones is like usual -0.18 level by fib and -0.27 and forming lower low since listing on Binance Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
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