BicousdtBico formed a cup and handle pattern
Entry1.45-1.70
Targets
1.85
1.95
2.1
2.2
2.4
2.6
Stoploss 1
BICOUSDT trade ideas
BICO Growth in D1 - Time FrameSome of the points I miss in technical analysis are as follows:
1. Price broke the Trendline for almost 3 months
2. The price broke the MA20 of the Bollinger band and went up
3. Price has returned to test MA20
4. Confirmed by Volume
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.
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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
BICO is ready imoHi, we shared a SBOT setup and informed our premium members... $BICO is ready for breakout!
BICO double bottom on price and obv
bullish divergence with rsi
large volume spike
broken downtrend
no idea what it does but someone said it was about interopability between chains
so thats bullish enough for me given the crypto landscap
bearmarket or supercycle
u decide :)
BICOUSDT (Long)BICOUSDT is bouncing off strong 4 hourly and weekly support zones
Long
Entry at 1.235
Stop loss at 1.250
Take Profit at 1.230
Risk/reward ratio of 1:0.75
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.
BICOUSDT (Short)BICOUSDT in downward trend, making lower highs and lower lows
Short
Entry at 130.258
Stop loss at 1.307
Take Profit at 1.204
Risk/reward ratio of 1:3.04
BICOUSDT (Long)BICOUSDT in an upward trend and recently broke through strong 4 hourly resistance level
Long
Entry at 1.323
Take Profit at 1.380
Stop loss at 1.298
Risk/reward ratio of 1:1.90
BICOUSDT (Long)BICOUSDT in an upward trend and recently broke through strong 4 hourly resistance level
Long
Entry at 1.326
Take Profit at 1.380
Stop loss at 1.298
Risk/reward ratio of 1:1.97
BICOUSDT (Short)BICOUSDT in downward trend
Short
Entry at 1.560
Stop loss at 1.594
Take Profit at 1.489
Bico potentialim not 100% sure about if bico is ready yet. but it looks to have broken out, we will have to see how it plays. be careful just incase and do no leverage or very low if you decide to take this trade and ofc DYOR.
BICO D1Cryptocurrency BICO made a strong fall after the listing on the exchange. Now the price is very low and favorable for buying. A lower price level is being formed, which most likely will not be broken. Because the volatility of the fall was already great, and there is a limit to everything. Moreover, the cryptocurrency market is recovering its growth and most likely the BICO cryptocurrency will follow the same trend.
BICOUSDT is creating a pennantThe price lost important support on the daily timeframe, as you can see the market-tested several times the support before the breakout, and after it, the market retested the previous support as now resistance
Recently, the price had a breakout from the dynamic resistance on the 4h timeframe and it's creating a pennant.
Usually, the pennant is a continuation pattern, but If the price is going to have a breakout from the 4$ (daily resistance) with volume, We could apply our rules in order to find a long opportunity.
Beware, if the price is going to lose the 3.4$ support, we could see a retest of 3.2$ where the price has a demand zone
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Follow the Shrimp 🦐
Biconomy (Bico) Web 3.0 projectBiconomy is the web 3.0 project.
We can see huge jump in upcoming days
Reasons-
1. Forming double bottom
2. Forming perfect triangular pattern
3. Web 3.0 project
(Check Yesterday's binance tweet😅)
4. Upcoming partnership
5. New cross chain integration in Q1
6. It is working on gasless transaction over cross bridge....
Prize movement is stable.
Bitcoin crashed heavily but still biconomy didnt broke its support so we can expect huge gain in upcomin day..........
BicoBico looking pretty solid with that cup and handle. targets are color coded for each potential pattern that i can see at the moment. lets see if bitcoin plays nice and
dyor ofc.
Bico reversal conjoined with interoperability narrativemaking higher lows and higher highs with a clear and simple invalidation
About to break the diagonal the retest would serve as a great entry
Small cap crypto Biconomy (BICO) retraces to support zone$BICO is a small cap cryptocurrency with a market capitalization of about $300 million ranking it at about #175 for market cap.
The recent rally last week drove BICO higher up near its previous high at $6.35. This week’s corrective dip in the crypto market has held $BICO down pushing it back to old support levels. Support levels are areas where sellers stop selling and buyers start buying. The support levels can be horizontal or slanted in a trend.
We have an upward sloping trend line covering the lows of December 20-24 and BICO has returned to this level.
Additionally, we have a horizontal support line from previous swing highs near $4.16. Earlier today, BICO reached a low of $4.28 and is acting like it may want to bounce.
If the current support zone holds up (blue circle), then BICO may rally back up near the old highs near $7.50 (yellow box).
The recent bullish action provides some clues that the market is wanting to respect these support zones.
Good luck out there!
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
BICO D1(Review) Biconomy is an infrastructure that allows transactions between chains, which is necessary for the transition of the entire Internet to Web 3.0, accessible to every user. The API Plug & Play Biconomy solution makes it possible to interconnect decentralized applications, regardless of their placement on blockchains. But the usual implementation of this idea would not be enough, so the developer additionally solved the issues with the collection of gas for ongoing transactions, offering flexible options for paying the commission. On December 10, 2021, Binance conducted a listing of the Bico token, after which the cryptocurrency made a drawdown of 40 percent during the week. Having exited the descending channel at the upper resistance level, the cryptocurrency is now forming a lower support level. After which it will most likely go to a reversal.
BICO 4-HOUR CHARTSupport at $4.00 ?? That would be nice.
Looks like crypto is going to be consolidating for a spell.
