Hi dear friends, hope you are well and welcome to the new trade setup of Biconomy (BICO) with US Dollar pair.
Recently we had a nice trade of BICO
Now on a 2-hr time frame, BICO has formed 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
Hi dear friends, hope you are well and welcome to the new trade setup of Biconomy (BICO) with US Dollar pair.
On 12-hr time frame, BICO has formed bullish Cypher 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.
Welcome to this quick BICO/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello members welcome to BICO/USDT update by CRYPROSANDERS
As we can see from the above-mentioned chart that BICO/USDT created an inverse head and shoulder pattern and broke the neckline and currently retesting.
So here we are expecting that BICO ...
Some of the points I miss in technical analysis are as follows:
1. Price broke the Trendline for almost 3 months
2. The price broke the MA20 of the Bollinger band and went up
3. Price has returned to test MA20
4. Confirmed by Volume
#BICO/USDT TA Update:-
$BICO current Price = $1.48
- Breakout and Retest = ✅
- Support = $1.35
- Rejected from Resistance 1 so it can test support level.
- If break R1 then Next Target will be R2
- Targets = $2.36/$3.94/$5.94
And Stop Loss= $1.20
- Chart Invalidate below $1
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Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider...
double bottom on price and obv
bullish divergence with rsi
large volume spike
broken downtrend
no idea what it does but someone said it was about interopability between chains
so thats bullish enough for me given the crypto landscap
bearmarket or supercycle
u decide :)
BICOUSDT is bouncing off strong 4 hourly and weekly support zones
Long
Entry at 1.235
Stop loss at 1.250
Take Profit at 1.230
Risk/reward ratio of 1:0.75
This chart for Biconomy (BICOUSDT) is definitely young but we have the highest volume ever on today's candle... One of the strongest signals one can come around.
Prices corrected all the way down to 1.618 Fib. retracement level on a hammer, which can tell us that a reversal can easily take place next.
Additional details on the chart.
Namaste.
BICOUSDT in downward trend, making lower highs and lower lows
Short
Entry at 130.258
Stop loss at 1.307
Take Profit at 1.204
Risk/reward ratio of 1:3.04
BICOUSDT in an upward trend and recently broke through strong 4 hourly resistance level
Long
Entry at 1.323
Take Profit at 1.380
Stop loss at 1.298
Risk/reward ratio of 1:1.90
BICOUSDT in an upward trend and recently broke through strong 4 hourly resistance level
Long
Entry at 1.326
Take Profit at 1.380
Stop loss at 1.298
Risk/reward ratio of 1:1.97
