In the descending ceiling and little possibility of growth
In 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.
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.
Trade closed: target reached