Long

AGLDUSDT → Pre-break consolidation. Possible growth of 30-60%

Updated

is forming quite an interesting set-up that can realize a growth potential of 30-60% in the short-medium term.

On the high timeframe we see the formation of resistance at 1.404 and a sufficient number of retests of this area. In general, altcoins are strengthening quite strongly following the flagship, but AGLD is lagging behind, and the market is held back from the transition from neutral to bullish phase by only one level.
A pre-breakdown consolidation is forming around 1.400. Slow approach and gradual squeezing to 1.400 will signal a breakout soon. The price may go straight up without consolidation above the level.

Resistance levels: 1.404
Support levels: 1.286, 1.146

I expect a breakout of the resistance indicated on the chart, followed by the realization of the potential of 30 - 60%. Targets are indicated on the chart

Regards R. Linda!

Note

Retest resistance

Note

A pre-breakdown consolidation is forming

Note

Consolidation above 1.404 will form an ideal entry point
Price continues to accumulate the potential to break resistance

Note

A resistance breakout is forming
The impulse gives us +13%, after which a correction is formed. If buyers keep the price above 1.400, the growth will continue

Trade active

The realization of a resistance breakthrough is taking shape
+15%

Trade closed: target reached

RLinda

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