BICO moved NEO from the top of the list of crypto movers to claim the top spot. This crypto has risen around 10% in value today. And, at that, it is one of the highest earning coins today. Will this coin see more gains on the upside? We will get back to you soon.
Current FCOM price: 0.5816
BICO Market Cap: 751.4 million
BICO total supply: 100 million
BICO ranking: 61
Main levels:
Resistance: $0.5732, $0.5780, $0.5816
Support: $0.5340, $0.5270, $0.5150
BICO/USD Value Prediction: BICO Bull Looks Tired
BICO/USD The daily chart reveals signs of weakness in this crypto market. The MA (moving average) lines are below the price movement, however, the fastest line is trying to break through the last candle. The implication of this is that once this MA line succeeds, the BICO value may need to swing sideways. Therefore, it will signify a state of indecision and traders will have to anticipate a possible uptrend or downtrend.
Additionally, the SRSI (stochastic relative strength indicator) appears to have turned sideways after a downturn. Therefore, these indicator lines can be expected to either cross upwards or cross downwards. If these indicator lines were to make an upward crossover, the value of this crypto may find resistance at $0.6000, $0.6000, and $0.7000 at most. Alternatively, should these indicator lines cross below, lower supports could be found at $0.5000 and $0.4500.
BICO/USD Value Prediction: BICO showing more signs of weakness
The BICO/USD 4-hour chart is showing more signs of weakness. Here we can see that the MA on the chart has already crossed resulting in the last bullish candle. Moreover, we can see the nature of this last candle, and we can deduce that the bulls and bears were in a tough fight. However, ultimately the bulls narrowly won.
This indicates that the uptrend may be coming to an end. Other signs include the one on the SRSI, in which the lines of this indicator are about to cross in the overbought zone. Once this happens, the indicator lines will move down and the price will drop.
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