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Biconomy BICO - Ready for a massive breakout! Wedge + Triangle
Long
Biconomy BICO - Ready for a massive breakout! Wedge + Triangle
By UnknownUnicorn2537518
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Aug 3, 2022
5
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43
43
Aug 3, 2022
BICO on the daily chart looks like it wants to pump any time soon!
We have a descending broadening wedge and a local symmetrical triangle, so we have a pretty good confluence to buy a breakout.
What's more, as per my Elliott Wave analysis, the massive impulse wave has been completed, and that's why I expect a retracement.
I recommend buying a breakout above the wedge + triangle + new swing high for a higher probability of success.
The main profit target is at the 0.382 FIB + below wave (4) and I think we should definitely hit the target in the immediate short term.
I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
For more ideas, please hit "Like" and "Follow"!
Ascending Triangle
BICOBTC
BICOUSD
BICOUSDT
Descending Channel
Elliott Wave
Falling Wedge
Fibonacci Retracement
Support and Resistance
Symmetrical Triangle
Trend Line Break
Volume
UnknownUnicorn2537518
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