BICOUSD Three-Year Consolidation
BICOnomy has been consolidating for the last three years. Potential breakout within the next week or two.
Not financial advice.
BICOUSD trade ideas
BICO USD UP Heading to the Moon?🚀 BICO Technical Analysis: Heading to the Moon?
BICO is showing a strong rally of +12.20%, breaking above the short-term moving average and moving toward the upper Bollinger band, indicating bullish momentum. The bullish crossover in the MACD confirms increasing positive momentum.
Key Levels
Resistance: $0.40 (immediate psychological level) and $0.48 (upper band and next target).
Support: $0.34 (critical zone in case of a pullback).
If the price breaks $0.40 with volume, it could reach $0.48. Otherwise, consolidation or a drop toward $0.34 is possible. Volume behavior will be key to confirming the move.
$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.
Like and follow for more ideas.
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 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
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. ##
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 the price closes above the 0.5500 High, we will get the bullish break out validation and target 0.7675 (Resistance A).
Follow us, like the idea and leave a comment below!!
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? For sure.
Is it probable? No.
Good luck.
Ww
Entry/Re-entry Areas for the ShortsLet's talk about some good entry or re-entry areas for altcoin shorts
BICOUSDTSeems like a dead coin, one may consider going with a long on the red line but probably not worth the ris
Biconomy (BICOUSDT)Currently forming a Cup Handle pattern with Divergence in RSI.
Accumulate BICO between ranges 1.30-1.10.
IF you want to Put Stop Loss; SL will be at 0.999.
SELLING TARGET 1: 1.56 ,
TARGET 2: 1.80 ,
TARGET 3: 2.30 .
Bico is now ready for action. Supertrend buy signal.If it can grab attention, it could even rise above the previous all-time high of $23.8. The project is very solid. coinbase binance and alameda resource sponsor this paper.
Not for financal advice.
BICO have a strange angle. If it gets noticed. It's a very valuable piece of paper, but the price is on the floor. If the hypen interface continues to be used in this way, we may see $25 in the future. It's not financial advice.
BICO is back at a buy levelI called the low before you can see that linked below
BICO rallied about 100% to $6 but it then dropped again to $3
This may be a good opportunity to buy again.
Biconomy Up :)Glad it's on Coinbase now maybe it can get more exposure so far it seems to be working... Slow long build up not certain where it will end up but looking positive!
Biconomy building up "slowly"Biconomy a newer edition on Coinbase is worth way more than what its currently at so, lets see if it can get back up there :) Its been lagging until now I can see it starting to build RSI rising MACD soon to be bullish ...
BICO - great "outside of Top 100" pickBiconomy is a multichain relayer protocol that aims to improve the user onboarding and transaction experience on decentralized applications (DApps). The project’s declared goal is to make web3 products as intuitive and easy to use as web2 products.
One of my favourite pick outside of Top 100 (350 000 000 million market cap), but I don't think you will see it there in few months (maybe weeks).
Project is on market since 01/2021 and it went through all the stages of new coins. Strong pump, dump, capitulation, accumulation and gently recovery before next strong move.
When it comes to availability on CEX, it is great! Over 30 exchanges and almost all major one did list BICO (Binance, Coinbase, FTX, ByBit, Huobi, etc.)
BICO is currently 75% down from ATH.
They are backed by some big crypto funds like: Coinbase Ventures Portfolio, Binance Labs Potfolio, Fenbushi Capital Portfolio, etc. Visit their site for more.
Community is also very active on telegram and twitter which is good sign too.
On chart you can see support/resistance zones. Zoom out to see full price action.
Just to reach 0.618 retracement from ATH, gain from current price level would be 190%!
I started buying at approx. 4.5$ and continued to buy every dip as current one. I like risk/reward ratio at current price level.
Last two days were green, beginning to reverse downtrendIt has been a long red road down, the last two days have been green with a doji.
This may indicate a bottom, a reversal and a trend back upwards.
