BICO is oversold, with bull divergence and falling wedge formation. We have see similar pattern at some other alts (XPR example) that resulted in bounce and reversal.
I expect BICO soon to bounce up and break local resistance line and then test the breakout. Once this is done and we stay above resistance line we open path to higher targets - fibb 0.618 and fibb 0.886 range.
I expect BICO soon to bounce up and break local resistance line and then test the breakout. Once this is done and we stay above resistance line we open path to higher targets - fibb 0.618 and fibb 0.886 range.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.