#BICOUSDT 15m Overview

Currently, its price is situated at $0.2949 as of the posting and displays some fluctuations.

Trading volume is moderately high at 459,964, indicating ongoing market activity.

ATR stands at 0.0070, signaling a moderate level of volatility.

TECHNICALS:

• OBV reflects a slight increase in buying pressure, reaching 9.7 M.

• RSI hovers around 49.75, suggesting a neutral stance.

• MFI experiences a mild upward trend, reaching 31.77.

• CCI moves into oversold territory, currently at -107.15.

• WR% indicates oversold conditions, showing -75.76.

MOMENTUM:

• SMA suggests a bearish bias with the price below it.

• ADI has a bearish sentiment as -DI is greater than +DI.

• MACD reflects a bearish market.

• PSAR aligns with a bearish sentiment.

Support: $0.293

Resistance: $0.302, $0.317, $0.321

DIVERGENCES:

Bearish divergences in RSI, MFI, and FVE, coupled with oversold conditions in CCI and WR%, indicate a potential downward trend.

OVERALL CHART BIAS:

Considering the bearish signals from various indicators, my overall market bias for $BICO's 15m chart leans towards a bearish outlook. However, we still need to exercise caution, given the ambiguous volume trend and the possibility of market reversals.

My chart also shows a potential bullish harmonic pattern wherein I see the D-leg completion whenever market touches the 62% Fib retracement. But before it does take a dive and start filling up the lower FVGs in the process to make its market healthy again, it needs to break the VAL wherein as of this moment it is closely trading within it.