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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