Biconomy (BICO)

On the above 4-day chart price action has corrected by 95% since January 2022. Today is great long opportunity. Why?

1) RSI and price action resistance breakout.

2) Multiple oscillators print bullish divergence across a 3-month period.

3) Seller weakness. Notice the long candle wick into seller territory?

4) Price action prints support on past resistance. Look left.

Is it possible price action falls further? Sure.
Is it probable? No.

Ww


Type: trade
Risk: <=6% of portfolio
Timeframe: Now, don’t sit on your hands.
Return: Will say elsewhere.

Trade active:

Support confirmed.

P's, remember the return to support post? We know why this is important..

Comment:

Probably a good moment. Will say why elsewhere...

Comment:

30% upside move soonish seems probable.

Comment:

Failed resistance. That's a positive.

Trade active:

positive confirmed

Comment:

A few messages on this one. Way too many emotions. If you're long, remain so. These ideas are for holders not traders. Wait until summer time next year around 5-6 dollars.

If you need more frequent.updates.. ask me somewhere else.

Trade active

Comment:

support confirmed

Comment:

Resistance breakout. Next resistance at 45 cents.

Comment:

A gift horse... never look one in mouth, just accept him.

Trade active

Comment:

This is now the 5th time price action has arrived at the 50 cent area since September 2022. Every time a rejection. Should there be no rejection on this occasion... consider this... the next resistance is $2 (circa 300%) with the current support at 38 cents. Think you'll agree, this risk/reward is firmly in the bull corner.

Trade active:

DoN't teLL me the sky's the limit when there's footprints on the moon.

Comment:

Past resistance confirms support. Next resistance around the $2 area.

Comment:

Now up 200%.
Every other moment sellers offer a long opportunity, grab it.
Price action is still in Wave 1 of the new weekly uptrend.

Comment:

Can you hold until $150 ?

weekly

Trade active:

GRM support confirmed like a hammer striking the anvil,

Don't ignore this opportunity.