📊 Analysis of BIO/USDT (1D, Binance) $BIO
🔼 Current Structure: The asset is moving within an ascending channel (green), forming a series of higher lows and higher highs — this is a positive signal 📈.
☁️ Ichimoku Indicator: The price is trading inside/above the Kumo cloud — an early signal of a potential trend reversal towards bulls 🐂. The support of the cloud is strengthening.
📍 Resistance Zones:
0.0867–0.0886 — key seller zone 📉.
Breaking through this zone will confirm the continuation of the bullish momentum towards 0.0988 / 0.1028 and further to 0.1175 🚀.
🛡 Support Zones:
0.0820 and 0.0791 — nearest levels of protection.
Losing the channel downwards will open the way to 0.0734 and below, to 0.0700.
📌 Indicators:
MA(7/25/99) have merged in the consolidation zone — the market is awaiting momentum.
Bollinger Bands are narrowing — a strong breakout from the range is possible 💥.
SAR (points) below the price — bullish signal.
📅 Conclusion: As long as the asset is held in the channel, there is a chance for continued growth. The key is breaking through the resistance at 0.0886. In case of rejection — a pullback to the lower boundary of the channel is possible.
🔔 Watch the level of 0.0867 — it will determine the nearest direction.