🟢 Scenario of the Upside (Continuation)
✦ Indicators: The price succeeded in breaking above the fast moving average 7 at 0.01382 and has started approaching the highest price recorded within the last 24 hours at 0.01648. The MACD shows an upward positive crossover, supported by a noticeable increase in the cumulative trading volume indicator, confirming real buying liquidity entering the market.
✦ Targets: A breakout of the first resistance at 0.01648 and holding above it immediately paves the way toward testing the 100 moving average at 0.01963. If the strong momentum continues, the maximum target will be the 200 moving average near 0.02876.
🔴 Scenario of the Downside (Correction)
✦ Indicators: The Relative Strength Index (RSI) has reached an extremely overbought zone at 80.65, increasing the likelihood of quick profit-taking operations and a temporary corrective pullback.
✦ Targets: If the current resistance fails to be surpassed, the price will retreat to retest the immediate support at 0.01382. Breaking this level will extend the decline toward lower support levels at 0.01172, then the last bottom recorded at 0.01121.
$BICO
✦ Indicators: The price succeeded in breaking above the fast moving average 7 at 0.01382 and has started approaching the highest price recorded within the last 24 hours at 0.01648. The MACD shows an upward positive crossover, supported by a noticeable increase in the cumulative trading volume indicator, confirming real buying liquidity entering the market.
✦ Targets: A breakout of the first resistance at 0.01648 and holding above it immediately paves the way toward testing the 100 moving average at 0.01963. If the strong momentum continues, the maximum target will be the 200 moving average near 0.02876.
🔴 Scenario of the Downside (Correction)
✦ Indicators: The Relative Strength Index (RSI) has reached an extremely overbought zone at 80.65, increasing the likelihood of quick profit-taking operations and a temporary corrective pullback.
✦ Targets: If the current resistance fails to be surpassed, the price will retreat to retest the immediate support at 0.01382. Breaking this level will extend the decline toward lower support levels at 0.01172, then the last bottom recorded at 0.01121.
$BICO