BiconomyTelah dikemas kini BICO: Has it Bottomed Out?
After a massive rally, BICO collapsed 75% from the top within a week of its release.
There are a couple scenarios that could play out here:
Bullish scenario: The upper trend line breaks and BICO reverses to the upside toward $10+ as its next target.
Bearish scenario: The local support area breaks down (shaded rectangle) and we see prices between $3 - $5.
This is not financial advice. These are just my ideas and opinions.
There are a couple scenarios that could play out here:
Bullish scenario: The upper trend line breaks and BICO reverses to the upside toward $10+ as its next target.
Bearish scenario: The local support area breaks down (shaded rectangle) and we see prices between $3 - $5.
This is not financial advice. These are just my ideas and opinions.
Nota
Support has broken below $5.74. BICO could be heading below $5 soon if it cannot reverse.Nota
Breakout.Nota
BICO did breakout earlier, but fell right back to support. It must hold above $5.60.Nota
BICO keeps making lower lows, which is not a good sign. As I mentioned in the comments below, it's like catching a falling knife. We don't have a clear bottom yet until it makes higher highs/lows.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.