看多

BICO Technical Analysis in a Weekly Timeframe

Hello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

BICO recently hit a new all-time low at $0.1631. With the current price at $0.2497, BICO is holding the support trendline, and it's likely to bounce back if it maintains this support.

If a rebound materializes, we could see a 300%-500% rally in BICO in the coming weeks.

Note: BICO needs to maintain the support trendline to stay in the game. A weekly close below the support trendline could have negative consequences for BICO.

Key levels:

- Crucial Support/Accumulation: $0.21.
- Target: $0.97 to $1.3,
- Invalidation: A weekly close below $0.21.

DYOR, NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE