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
BICOUSDT.P trade ideas
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.
BICO/USDT falling wedge (bullish)Hello dear traders ! Bico is a new very promising project pumped a lot on listing date and now double bottomed around $ 5.1 area ! You can buy it now or wait for volume support move to the upside and ape in ! Target are $10 - $15 - $20 good luck
BICO, short-term long or buy, good opportunityAs shown in the figure, you can try to buy or go long right now.
This is a short-term trading strategy.
The profit-loss ratio is appropriate.
good luck!
Bico/usdt Hello traders! We had a huge volume supported pump on Bico listing ! Looks like correction is over as we have W pattern ! Buy only after breaking the neckline of W pattern ! Good luck
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."
BICO Painting The Most Beautiful Bullish FlagIf BICO pulls off wut it promises it's going to quickly go to the top 10 coins.
