BIO Protocol: Descending Triangle Formation Breakout and Target!Bio ProtocolCRYPTO:BIOPRUSDVincePrinceHello There, welcome to my new analysis about BIO Protocol (BIOPR). I am analyzing the 4-day timeframe perspective on a log scale, as this shows the best relations between high and low prices. In the current cryptocurrency market, a lot of interesting developments go on. There are some cryptocurrencies that are likely to perform better than the rest of the market. Currently, I am focusing on trading these high-potential cryptocurrencies for a surplus profit. As when looking at my chart now, we can see there how BIOPR has formed this pivotal descending triangle formation. In this formation it already completed the wave count. Recently, it formed the breakout above the upper boundary of the formation. This shows that the whole formation is now finally completed. Also, there is the additional confirmation, which is determined by the bull flag above the upper boundary, adding additional signs of confirmation. The moment that recently developed for BIOPR is the origin of this initial +150% bounce towards the upside. The fact that the bullish MACD crossover is established and holds on, as well as the bounce above the 15-EMA marked in blue and the 20-EMA marked in green, makes this structure optimal for further bullish continuations to develop in the next times. The breakout and completion of the descending triangle formation have activated the targets, as seen in my chart. In this manner, thank you a lot for watching! The support is highly appreciated. VP