Biconomy BICO - Ready for a massive breakout! Wedge + Triangle

Aug 3, 2022

• BICO on the daily chart looks like it wants to pump any time soon!
  
• We have a descending broadening wedge and a local symmetrical triangle, so we have a pretty good confluence to buy a breakout.
  
• What's more, as per my Elliott Wave analysis, the massive impulse wave has been completed, and that's why I expect a retracement.
  
• I recommend buying a breakout above the wedge + triangle + new swing high for a higher probability of success.
• The main profit target is at the 0.382 FIB + below wave (4) and I think we should definitely hit the target in the immediate short term.
  
• I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
  
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