BICO Technical Analysis in a Weekly Timeframe
Hello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.
Follow me for:
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~ Short-term market movements.
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Now, let’s dive into this chart analysis:
BICO recently hit a new all-time low at $0.1631. With the current price at $0.2497, BICO is holding the support trendline, and it's likely to bounce back if it maintains this support.
If a rebound materializes, we could see a 300%-500% rally in BICO in the coming weeks.
Note: BICO needs to maintain the support trendline to stay in the game. A weekly close below the support trendline could have negative consequences for BICO.
Key levels:
- Crucial Support/Accumulation: $0.21.
- Target: $0.97 to $1.3,
- Invalidation: A weekly close below $0.21.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
I’ve been sharing insightful charts and analysis for the past seven years.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
BICO recently hit a new all-time low at $0.1631. With the current price at $0.2497, BICO is holding the support trendline, and it's likely to bounce back if it maintains this support.
If a rebound materializes, we could see a 300%-500% rally in BICO in the coming weeks.
Note: BICO needs to maintain the support trendline to stay in the game. A weekly close below the support trendline could have negative consequences for BICO.
Key levels:
- Crucial Support/Accumulation: $0.21.
- Target: $0.97 to $1.3,
- Invalidation: A weekly close below $0.21.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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