Search
Products
Community
Markets
News
Brokers
More
EN
Black Friday sale
Up to 70% OFF
Community
/
Ideas
/
Biconomy BICO - Ready for a massive breakout! Wedge + Triangle
Long
Biconomy BICO - Ready for a massive breakout! Wedge + Triangle
By UnknownUnicorn2537518
Follow
Follow
Aug 3, 2022
5
2
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
Follow
Related publications
TrueFi TRU - Downtrend is over, can pump hard! + Elliott Wave
by UnknownUnicorn2537518
Tranchess CHESS - 1-year trendline is breaking out!
by UnknownUnicorn2537518
Keep3rV1 KP3R - Ready for a massive breakout! Head and Shoulders
by UnknownUnicorn2537518
FileCoin FIL - Ready for a bullish action! + Elliott Wave + Base
by UnknownUnicorn2537518
Request REQ - Massive wedge is breaking out! + New bull market
by UnknownUnicorn2537518
AUTO - Massive channel is breaking out! Huge gains, Elliott Wave
by UnknownUnicorn2537518
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.