BICO Updated New TargetsBICO is looking bullish with the bitcoin pair chart.
We can see a pattern here...the cup and handle?
I don't trade patterns but..in crypto the rate of success (in bull markets) is good.
What i trade is basic Moving Averages signals and basic chart structure
About this proiject :
Biconomy (BICO) provides a non-custodial and gas-efficient scalable relayer infrastructure through which users can enjoy the simplicity of Web3 applications by experiencing a simplified transaction process. The BICO token was recently listed on the Binance cryptocurrency exchange and provides its holders the ability to stake tokens, offer liquidity to earn rewards and be a part of the governance protocol.
How Does Biconomy (BICO) Work?
Biconomy's architecture allows users to connect without paying gas via gasless transactions, and purchase gas in their preferred ERC20 or dApp token. It also prevents unnecessary blockchain complexity, like network switching, and gives the liberty to users to enjoy fast transfers.
Biconomy has transformed the complexities of blockchain transactions by introducing a non-custodial, gas-efficient relayer network and integrating the concept of meta transactions, which allows a user to conduct a transaction on the blockchain with a zero balance account and have any third party pay the transaction costs on the user's behalf.
The three main products of Biconomy are Mexa, Forward, Hyphen.
BICOBTC trade ideas
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.
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#BICO/BTC Biconomy: Resistance_Breakout_+_ConfirmationWe've detected a Resistance Breakout and Confirmation on the BICO/BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. We may consider buying at the current price zone and targetting higher level.
Biconomy (BICO) formed bullish Gartley for upto 30% pumpHi dear friends, hope you are well and welcome to the new trade setup of Biconomy (BICO) with BTC pair.
Our last successful trade setup of BICO was as below:
Now on a daily time frame, BICO is about to complete the final leg of a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Biconomy (BICO) formed bullish Gartley for upto 39% pumpHi dear friends, hope you are well and welcome to the new trade setup of Biconomy (BICO) with Bitcoin pair.
Previous we caught a nice bullish Gartley of Bico:
Now on daily time frame, BICO has formed another bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Biconomy (BICO) formed bearish Gartley for upto 10.50% dumpHi dear friends, hope you are well and welcome to the new trade setup of Biconomy (BICO) with BTC pair.
Previously we had a nice trade of Bico:
Now on a 2hr time frame, Bico has formed a bearish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
#BICO/BTC This alt could give us 350%+ profit in few weeks.Thank you for coming by to this chart.
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Let's get to the chart!
BICO is trying to break out the accumulation zone.
It has been trading inside this falling wedge channel for the last 100 days!
The volume is good. Multiple indicators p [pointing towards a possible breakout.
Already broke out in LTF charts. Once dominance gets rejected from the resistance trendline (Check my BTC.D Chart)
This altcoin is likely to explode.
ENTRY:- 308 to 355
Targets:-
494
545
687
791
1071
1277
1386
1495
Stop Loss:- 276 sats.
This is a low-risk trade with an utterly high reward.
But do your own research before taking this trade.
I am not a financial advisor.
Thank you
#PEACE