Bico capitulation or pump?

3 nov 2022

BICOUSDT
Lets take a look on Biconomy chart, are we one step to capitulation or ready for massive pump?


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Possible Targets and explanation idea
➡️Fib by lines since drop in April. Bico strong hold 0 level and grab all stop losses who opened longs in May at the bottom
➡️The same day got Strong Buy signal on Trade ON indicator. Positive signal
➡️In next days strong signal to buy on Direction indicator (confirmation)
➡️1st resistance we can find out at 0.38 level by fib
➡️Strong Short I think we can see at 1.34-1.41 maybe with wicks
➡️Not now but this is targets for next 2-3 months
➡️Capitulation zones is like usual -0.18 level by fib and -0.27 and forming lower low since listing on Binance

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