On the above 4-day chart price action has corrected by 95% since January 2022. Today is great long opportunity. Why?
1) RSI and price action resistance breakout.
2) Multiple oscillators print bullish divergence across a 3-month period.
3) Seller weakness. Notice the long candle wick into seller territory?
4) Price action prints support on past resistance....
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Contents
Overview
Symptoms and...
Thank you for reading our update. Please keep in mind that this is not trading advice.
It appears that BICO is poised for a significant return. The upcoming period will be crucial for observing new confirmations within the given timeframe for the important target of $0,50 and up.
Hey traders hope you are enjoying our analysis. Now we are here again with a new trading opportunity. We will discuss today about BICO
BICO Falling wedge breakout Already Confirmed in 3D Timeframe✍️
Running in +60% profit so far
Expecting 350% Bullish Wave📈
A large diametric is finished. BICO is expected to be bullish for weeks.
By maintaining the green range, it can move towards the TPs.
TPs are marked on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit...
#BICO
The price has been moving in a bear flag since May 2022
And now we have a breaking of the upward trend of the reversal flag.
As well as breaking moving Average 100
With support from MACD
Price now0.3100
Goal of decline 0.4137
Second goal 0.5308
Bullish on BICO (Account Abstraction).
BICO has formed a cup and handle as well as an inverted head and shoulders, which is very powerful for an uptrend.
Moreover, the Ichimoku cloud has been penetrated, and the weekly candle will be the first since the beginning to close above it.
Finally, I've been waiting for this moment. The price broke through the trendline resistance (historical) and settled on the daily timeframe.
Moreover, the price reached the limit support.
- Not financial advice, trade with caution.
✅ Stay updated on market news and developments that may influence the price of Biconomy. Positive or negative news can...
BICO USDT looks like its taking its turn to pop.
Aiming for a monthly imbalance which lines up with the TR pocket.
Lets see how this develops.
Im in the trade, my entry shown on the chart.
Im a novice trader and this is my trade plan, I hope you might take inspiration from this or point out my faults.
I wouldn't be following my trades so DYOR
Bicousdt has recently broken out of a downtrend, surging past the upper trendline of a wedge pattern. Upon closer examination, the coin reveals a Cup & Handle formation, aligning well with a bullish reversal outlook. We've identified a favorable re-accumulation area, with the buy-back zone serving as a crucial demand area to monitor closely.
The setup targets...
BICOUSDT.P is in bullish trend and also forming bullish divergance on 1hr time frame and also break the nick line so we can take a long on market price.
BICOUSDT is indicating a bullish divergence on the 1H timeframe, suggesting a potential reversal. With the breakout above the lower high and the formation of a higher high, bullish momentum is anticipated. Entry at the current price with a stop loss of $0.3320 is recommended. TP1 is set at $0.3650 and TP2 at $0.38, aiming for a 1:1 and 1:2 risk-reward ratio...
