BICONOMY - BICO/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	BICOUSD
ISIN:

BICONOMY - BICO/USD - 1H - Technical analysis published on 11/03/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 0.216704 USD

My targets

0.238398 USD (+4.62%)

0.252709 USD (+10.90%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on BICONOMY - BICO/USD as long as the price remains well above 0.216704 USD. The buyers' bullish objective is set at 0.238398 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.252709 USD. If there is any crossing, the next objective would be the resistance located at 0.262097 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BICONOMY - BICO/USD price is 0.227879 USD. The price registered an increase of +1.81% on the session with the lowest point at 0.200518 USD and the highest point at 0.232509 USD. The deviation from the price is +13.65% for the low point and -1.99% for the high point.

0.200518

0.232509

0.227879

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of BICONOMY - BICO/USD in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.184520	0.197507	0.210731	0.227879	0.238398	0.252709	0.262097
Change (%)	-19.03%	-13.33%	-7.53%	-	+4.62%	+10.90%	+15.02%
Change	-0.043359	-0.030372	-0.017148	-	+0.010519	+0.024830	+0.034218
Level	Intermediate	Intermediate	Intermediate	-	Minor	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.169728	0.189176	0.206500	0.225948	0.243272	0.262720	0.280044
Camarilla	0.213713	0.217084	0.220454	0.223825	0.227196	0.230567	0.233937
Woodie	0.168667	0.188645	0.205439	0.225417	0.242211	0.262189	0.278983
Fibonacci	0.189176	0.203223	0.211901	0.225948	0.239995	0.248673	0.262720

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.101568	0.137573	0.180699	0.216704	0.259830	0.295835	0.338961
Camarilla	0.202064	0.209318	0.216571	0.223825	0.231079	0.238332	0.245586
Woodie	0.105129	0.139353	0.184260	0.218484	0.263391	0.297615	0.342522
Fibonacci	0.137573	0.167801	0.186476	0.216704	0.246932	0.265607	0.295835

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.094810	0.131274	0.175677	0.212141	0.256544	0.293008	0.337411
Camarilla	0.197841	0.205253	0.212666	0.220079	0.227492	0.234905	0.242317
Woodie	0.098779	0.133259	0.179646	0.214126	0.260513	0.294993	0.341380
Fibonacci	0.131274	0.162166	0.181250	0.212141	0.243033	0.262117	0.293008

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	56.00
MACD (12,26,9):	-0.0017
Directional Movement:	7.435214
AROON (14):	14.285714
DEMA (21):	0.212750
Parabolic SAR (0,02-0,02-0,2):	0.201667
Elder Ray (13):	0.009676
Super Trend (3,10):	0.205216
Zig ZAG (10):	0.228404
VORTEX (21):	0.9896
Stochastique (14,3,5):	85.63
TEMA (21):	0.215137
Williams %R (14):	-2.06
Chande Momentum Oscillator (20):	0.011550
Repulse (5,40,3):	8.3306
ROCnROLL:	1
TRIX (15,9):	-0.2215
Courbe Coppock:	5.71

MA7:	0.216853
MA20:	0.205207
MA50:	0.215641
MA100:	0.226561
MAexp7:	0.217365
MAexp20:	0.214929
MAexp50:	0.218427
MAexp100:	0.216723
Price / MA7:	+5.08%
Price / MA20:	+11.05%
Price / MA50:	+5.68%
Price / MA100:	+0.58%
Price / MAexp7:	+4.84%
Price / MAexp20:	+6.03%
Price / MAexp50:	+4.33%
Price / MAexp100:	+5.15%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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