$BICOUSDNot financial advice.
COINBASE:BICOUSD
Looks like this is in it's final stage forming a cup & handle. Will see if bulls will hold the move.
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Key stats
Bico is targeting 1.00
we have completed the accumulation phase and are ready to discover price upward
nice liquidity in form of stop losses are resting near the round number 1.00
risk to reward are interesting, easy to set-up a 2:1 trade
BICO LongBico has found support in the price chart and on the RSI. I will buy this dip here and set my final target at 49 cents. SL will be 37 cents with a RRR of 4 to 1.
BicoKeeping an eye on bico. We can see a strong inverse H&S forming, and a possible push up to $0.70–$2.00 if that gets broken next is $4 & $6.
This is a weekly POV
Volume is picking up pattern is shown
Just a bit of insight.
Good luck and have fun with it
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 a
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 w
BICOUSD Don't be fooled. No bullish break out yet.BICOUSD/ Biconomy is having a strong day but as the price got rejected on Fibonacci 0.618, don't commit into buying long term.
The pattern looks a lot like the June-August when a Fibonacci 0.5 rejection caused a drop and test of the lower Support level.
The current rejection targets 0.27000. If th
Biconomy (BICO) - Bullish divergenceOn the above 1-day chart price action has collapsed 90% since early December. Now is an excellent moment to be bullish. Why?
1) The ‘incredible buy’ signal prints.
2) Regular bullish divergence. Lower lows in price action as oscillators print higher lows.
Is it possible price action falls further
Entry/Re-entry Areas for the ShortsLet's talk about some good entry or re-entry areas for altcoin shorts
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