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BICO / TetherUS

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BICOUSDT trade ideas

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 🦐
by InkyGrip
5
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..........
Long
by Ketan7000
4
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!
Long
by CryptoKoryoDefi
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.
Long
by TradingForProfitPro
7
BICONOMY $BICO 4-Hour ChartNew coins are always fun. Let's see what happens. I have a small position at $7.05. "Biconomy provides plug-n-play APIs to make web3.0 user-friendly & frictionless. Biconomy is on a mission to make the decentralized web accessible to everyone. We are the missing piece to crypto adoption for onboarding the next billion. Our APIs & SDKs transform any dAapp to become usable for anyone regardless of their crypto knowledge and experience. Our multi-chain relayer infrastructure processes almost 50K daily transactions for 40+ DApps to ensure all the benefits of web3.0 come with the intuitiveness of web2.0. Biconomy provides a simple & quick way for Dapps to abstract away web3 complexities for their users. With Biconomy, users get a simple multi-chain experience where they connect their wallet to any dApp, instantly access their funds on any chain or L2/rollup, and enjoy a completely gasless experience. We enable this superior experience though powerful features: 1) Free gasless transactions 2) Instant cross-chain transfers 3) Flexible options to pay gas 4) Assured successful transactions 5) Simple instant onboarding to scaling solutions 6) Automatically connect to any L2 & EVM compatible chains 7) Cheap and instant cross-chain contract calls The future of the internet is decentralized, and Biconomy is a critical infrastructure on which it will stand. We make web3.0 more usable, interoperable & composable."
by zach6667