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Biconomy

#BICOUSDT Ready for Bullish Breakout from Descending ChannelYello Paradisers, could #BICO be gearing up for a breakout or further downward movement? Let's look at the latest analysis of #BICOUSDT: 💎#BICO is currently trading within a descending channel, but it’s nearing a key demand zone that could ignite a significant move. We’re eyeing a potential bullish breakout from this pattern. 💎#Biconomy ( OMXSTO:BICO ) has been sticking to a descending resistance line, but the price is inching closer to a crucial demand level at $0.20–$0.22. This zone could be a game-changer. If the price taps into this level and gains momentum, a bullish breakout could be on the horizon. 💎A break above the descending resistance could propel #BICOUSDT toward the major supply area at $0.49. This is a critical zone—if we see a successful breach, expect a strong bullish move targeting the next resistance zone. 💎However, we must stay cautious. If #BICO fails to sustain momentum and gets rejected at the supply area, the price could pull back. A bullish rebound might occur from the lower strong support at $0.178. 💎But be aware—if OMXSTO:BICO drops below this level, it could signal a prolonged bearish trend, keeping the price trapped within the descending channel. The market can turn quickly, and those who are disciplined will be the ones to capitalize. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
BICO targets for 2023BINANCE:BICOUSDT ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets and explanation idea ➡️Fib relevant. Always when we under 0.27 zone its time for accumulation ➡️We are in accumulation stage over 296 days ➡️Most crucial level from sellers at 0.56 ➡️To reach 0.23lvl we need to see with current circulation supply 2.76 B market cap. ➡️First target 3.17 its a weekly imb ➡️Draw white line theory when we will see resistance and form downtrend line. ➡️Hard to say about timing but most likely we will see drop again around September Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
5
BICONOMY (BICO)Biconomy (BICO) is a multi-chain infrastructure platform aimed at simplifying the user experience in decentralized applications (DApps) by enabling gas-efficient transactions and improving interaction between blockchain infrastructures. This platform addresses the complexities of transactional processes on the blockchain, thereby enhancing usability and accessibility for both developers and end-users. Currently, the price of Biconomy (BICO) is $0.44 with a 24-hour trading volume of $25 million. BICO has experienced a surge of 22% in the last 24 hours, which signals strong investor interest and confidence in its multi-chain transaction solutions. Given Biconomy's role in facilitating seamless blockchain interactions and its impressive recent price performance, the next potential price targets for BICO might be set at $0.70, $0.80, $0.90 and $1.20. Traders could consider initiating positions at the current level. This trade idea is based on the anticipation of continued growth in demand for user-friendly blockchain interaction solutions, with Biconomy well-positioned to benefit from this trend.
Long
by icordkaz
BICO/USDT Ready for a Bullish Momentum? 👀🚀 BICO Analysis💎 Paradisers, focus your attention on BICOUSDT for a promising trading opportunity. The asset has recently emerged from a descending channel, indicating a potential rise from an important support level. 💎 In recent weeks, Biconomy has consistently followed its channel pattern. Now, having hit the critical internal support at 0.1916, there's a heightened chance of a bullish reversal, potentially leading to a channel breakout. 💎 This positive trend is further supported by VRVP analysis, which suggests that historically, reaching key support levels typically triggers strong bullish movements. Should this bullish momentum continue, BICO could be targeting resistance levels around $0.4820. 💎 Nonetheless, keeping a close eye on BICO's movements is crucial. Falling below the current support level of $0.2690 would call for a crucial reassessment of our trading strategy. Such a drop could indicate a challenge to the bullish trend's continuity, calling for strategic adaptations to align with market changes. 💎 Maintain your vigilance and readiness, Paradisers. Your ParadiseTeam is committed to providing thorough analyses and strategic insights, ensuring that you navigate the market landscape with expertise and confidence.
Long
by MyCryptoParadise_Simon
Long Bico to .32 CentsHappy Thanksgiving American Friends. I still do expect a holiday weekend pump though we have not gotten as much of a pullback as I had expected to precede this expected pump. For this reason, I have been picking altcoins to go long on that have either not pumped hard yet or have found good support and still have targets to reach. One such coin appears to be BICO. Though it did spike upwards and wicked into the target area that I had drawn for this inverse Head and Shoulders pattern several months ago, I expect coins to remain in that target area once reached for at least a few days before dropping or proceeding further. For this reason, I think BICO will move towards this target area yet again. Additional incentives for entering here include the facts that: It has found good support on a big area of confluence which include the 200 day sma, the 50 day sma, and the neckline of the inverse h&s It has also found its support on the RSI which acts both as support and shows us some hidden bullish divergence from origin of the trendline I have entered BICO at .2572 with a target of .32, a SL of .23 and a r/r ratio of 2.2 None of this should be construed at fin advice. This is all for your entertainment. Best, Stewdamus
COINBASE:BICOUSDLong
by stewdamus
BICOUSD Massive pump but buy on the next pullbackBICOUSD is having a strong push that naturally turned the 1D technical outlook overbought (RSI = 75.371, MACD = 0.002, ADX = 39.812). By doing so it hit the 1D MA200 for the first time in almost five months. We are not buying into this pump yet as the 1W MA50 looms (rejected the April 8th high) as well as the Resistance Zone. The 1D MACD is below 0, suggesting that there is still high upside potential, so we will buy after a rejection near 0.2500 and target the top of the Falling Wedge (TP = 0.3500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BICOUSDLong
by InvestingScope
6
LINK: About to reach a year-long resistanceIn this chart, BINANCE:LINKUSDT is inching closer to a critical level wherein the coin is about to touch a year-long resistance line dating back to June 2022. The highlights shown are the instances of the price breakout rejection, making it the strongest resistance for the year. In my view, a breakout is possible if we see a candle confirmation along with a good buy volume and other indicators continue showing bullishness of the coin. What should we do then if it breaks out? Identify your nearest support. I would do the process by backtesting as well as plotting retracements, and presented in horizontal lines are the potential resistance lines based on mentioned processes, a given of which is the Fibonacci retracement of .382 level from its all-time high (ATH) to its low level of approximate $7.60. On the other hand, a rejection could happen based on the RSI being near the overbought territory, an indication of potential selling. For visual reference, check the vertical line on the July 2022 price. Should you trade this coin now? You could do a scalp if you have the setup, scalp long for me since the trend is still upwards. For intraday traders like me, I would wait until it hits on the resistance line or common support breakdown. Always have a plan whenever trading by identifying our take profit areas and stop loss. Happy trading!
by luigi360swirl
Biconomy | BICO show a nice divergence coming to end of wedgeBiconomy | BICO show a nice divergence coming to end of wedge Looking like we are nearing the end of a larger descending wedge, it is still slightly uncertain times with BTC so further drop is definitely possible, a little extra room has been given on the stop-loss to accommodate . | Descending wedge in play | Untested weekly pivot | Potential resistance at the 20 D.EMA | A little extra given for stop-loss below the end of the wedge in case of further BTC breakdown | Breakout of descending CVD trendline | Bullish Divergence in oversold territory
Long
by Kryptochristian
1
BICOUSD Don't be fooled. No bullish break out yet.BICOUSD/ Biconomy is having a strong day but as the price got rejected on Fibonacci 0.618, don't commit into buying long term. The pattern looks a lot like the June-August when a Fibonacci 0.5 rejection caused a drop and test of the lower Support level. The current rejection targets 0.27000. If the price closes above the 0.5500 High, we will get the bullish break out validation and target 0.7675 (Resistance A). Follow us, like the idea and leave a comment below!!
CRYPTO:BICOUSD
by TheCryptagon
1
Bico capitulation or pump? BINANCE:BICOUSDT Lets take a look on Biconomy chart, are we one step to capitulation or ready for massive pump? ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets and explanation idea ➡️Fib by lines since drop in April. Bico strong hold 0 level and grab all stop losses who opened longs in May at the bottom ➡️The same day got Strong Buy signal on Trade ON indicator. Positive signal ➡️In next days strong signal to buy on Direction indicator (confirmation) ➡️1st resistance we can find out at 0.38 level by fib ➡️Strong Short I think we can see at 1.34-1.41 maybe with wicks ➡️Not now but this is targets for next 2-3 months ➡️Capitulation zones is like usual -0.18 level by fib and -0.27 and forming lower low since listing on Binance Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light