Bio Protocol narxBIO

$BIO down -13.87% to $0.4638. Rejected at $0.54, Retested at $0.4463 support Bulls need to step in soon #ETH##BTC##TURBO##POPCAT#

#bio BIO is a decentralized scientific (DeSci) governance and liquidity protocol. Our mission is to accelerate the development of biotechnology by enabling the global patient, scientist, and biotechnology professional community to collectively fund, establish, and own tokenized biotechnology projects and intellectual property (IP). $BIO Liquidity is 12%. The current estimated liquidity value is 599 million, and the total circulation is 1.533 billion

$BIO BIO 0.7473 +7.14% #BIO Current Price: $0.7210 Bullish Scenario: Enter near $0.7210, targeting $0.7250 and $0.7300, with a stop-loss at $0.7150. Bearish Scenario: If it drops below $0.7150, target $0.7100 and $0.7050, with a stop-loss at Trade cautiously, and monitor these levels closely for opportunities. $BIO

BIO has strong fundamentals and potential for growth as the market evolves. With increasing adoption and a solid use case holding BIO could lead to significant long term rewards. If you're bullish on its future prospects holding might be the best strategy especially during market corrections.$BIO

An analysis of the technical chart of Biogen Inc. (BIIB) shows the stock could be set to rebound by about 7%, giving shares the chance to rise back towards $282 from its price of roughly $263, a jump of about 7.5%. Biogen shares were up by roughly 1% on April 24, after the company reported better than expected first-quarter earnings per share, and revenue that was in line with estimates. Biogen's stock has been hit hard in 2018, with the stock down by nearly 30%, since late January peaking near $370 per share. But since that time shares of Biogen have stumbled as the company had a series of missteps, including increasing the number of patients in its enrollment in one of its essential drugs in development, aducanumab for Alzheimer'sBiogen shares fell to an intraday low of $251, a significant technical support level, that goes back to July of 2016. The stock bounced right off that support level and managed to stay above it the rest of the day. Should that support level continue to hold, and shares of the stock continue to rise, the next level of big resistance comes at $281, about 7.5% higher than the stock's current price. Additionally, the relative strength index (RSI) continues to improve as well, since hitting oversold conditions at the end of March with a reading below 30. It is only the third time the stock has hit that level since 2016, and each time the stock rebounded and moved higher. The RSI has also been trending higher in recent weeks as the stock price has been falling, a bullish divergence. This is another indication that perhaps shares of Biogen may be looking to rebound. (For more, see also:There are plenty of reasons to be pessimistic on Biogen over the longer-term with revenue seen growing by only 2 to 3% in 2019 and 2020. While earnings are forecast to rise by only 5% in each year. But still, shares of the stock have been hit hard, and the signs are there for a modest rebound and perhaps a longer-term bottom. Michael Kramer is the Founder of Mott Capital Management LLC, a registered investment adviser, and the manager of the company's actively managed, long-only Thematic Growth Portfolio. Kramer typically buys and holds stocks for a duration of three to five years. Click here for Kramer's bio and his portfolio's holdings. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Past performance is not indicative of future performance.