Biconomy | BICO show a nice divergence coming to end of wedge
Biconomy | 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
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
