BICOUSD Don't be fooled. No bullish break out yet.
BICOUSD/ Biconomy is having a strong day but as the price got rejected on Fibonacci 0.618, don't commit into buying long term.
The pattern looks a lot like the June-August when a Fibonacci 0.5 rejection caused a drop and test of the lower Support level.
The current rejection targets 0.27000. If the price closes above the 0.5500 High, we will get the bullish break out validation and target 0.7675 (Resistance A).
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The pattern looks a lot like the June-August when a Fibonacci 0.5 rejection caused a drop and test of the lower Support level.
The current rejection targets 0.27000. If the price closes above the 0.5500 High, we will get the bullish break out validation and target 0.7675 (Resistance A).
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.