Biconomy BICO - Ready for a massive breakout! Wedge + Triangle
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.
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BICOUSDT
Biconomy (BICO) formed bearish Gartley for upto 10.50% dumpHi dear friends, hope you are well and welcome to the new trade setup of Biconomy (BICO) with BTC pair.
Previously we had a nice trade of Bico:
Now on a 2hr time frame, Bico has formed a bearish 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
BICO#BİCOUSDT
Sitting at Strong Support, Started Bounding
We Detected a Big Volume of Spike
MACD on Daily Showing Bullish
Short term Traders Can Expect 30 - 60% Profits
from This Bottom
Time 1+7 days
⚜️Type: Buy
🎚EP: 1.32-1.42
✅TP1:1.566
✅TP2:1.709
✅TP3:2.00
✅TP4:2.60
⛔️SL:1.1
if you like this position or you have any comments for it leave a comment here for me and share it with your friends.
Biconomy (BICO) formed bullish Gartley for upto 32% pumpHi 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
Biconomy (BICO) formed bullish Cypher for upto 19.5% moveHi 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.
#BICO/USDT 2HOUR UPDATE BY CRYPTOSANDERSWelcome 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 can rally for 12% - 15%. Here we can take entry to the green zone.
If it retests then the green zone will be the zone to go long for the long term at spot or low leverage.
entry:-CMP and ADD MORE AT $1.64
target:-10% to 15%
stop-loss:-$1.55
Sorry for my English it is not my native language.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
BICO/USDT Technical Analysis Chart#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
BICO/USDT READY TO PUMP 200%!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as an
According to this 2days chart, BICO is making this descending triangle .
Entry range:- CMP and more up to $1.37
Target:- 150%
SL:- If any daily candle close below $1.15
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Biconomy Highest Volume EverThis chart for Biconomy (BICOUSDT) is definitely young but we have the highest volume ever on today's candle... One of the strongest signals one can come around.
Prices corrected all the way down to 1.618 Fib. retracement level on a hammer, which can tell us that a reversal can easily take place next.
Additional details on the chart.
Namaste.
BICO - great "outside of Top 100" pickBiconomy is a multichain relayer protocol that aims to improve the user onboarding and transaction experience on decentralized applications (DApps). The project’s declared goal is to make web3 products as intuitive and easy to use as web2 products.
One of my favourite pick outside of Top 100 (350 000 000 million market cap), but I don't think you will see it there in few months (maybe weeks).
Project is on market since 01/2021 and it went through all the stages of new coins. Strong pump, dump, capitulation, accumulation and gently recovery before next strong move.
When it comes to availability on CEX, it is great! Over 30 exchanges and almost all major one did list BICO (Binance, Coinbase, FTX, ByBit, Huobi, etc.)
BICO is currently 75% down from ATH.
They are backed by some big crypto funds like: Coinbase Ventures Portfolio, Binance Labs Potfolio, Fenbushi Capital Portfolio, etc. Visit their site for more.
Community is also very active on telegram and twitter which is good sign too.
On chart you can see support/resistance zones. Zoom out to see full price action.
Just to reach 0.618 retracement from ATH, gain from current price level would be 190%!
I started buying at approx. 4.5$ and continued to buy every dip as current one. I like risk/reward ratio at current price level.
BICO/USDTHello Traders,
BICO has just recover from a corrective move and start to find some grip. Its already breakout from a descending channel and jumped from it, find some support at 3.6 line and also supported by some MAs. Elliot Wave theory shows that BICO currently on wave 3 or the money wave. A decent pump is expected. Let see how it goes.
Buy: $3.6-$3.9
TP1: $4.2
TP2: $5.1
TP3: $5.8
TP4: $6.5