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AGIX – Looking Great! Possible 90% ProfitTLDR: • A successful break out a of a Falling Wedge Formation could lead to an 90% profit long trade. Background: • AGIX has been in a correction since February 8th, 2023. This correction is creating a Falling Wedge formation. • Since my previous AGIX idea, AGIX corrected further and now it reached the 0.382 Fibonacci retracement. • The target of a Falling Wedge is the measure from low to high of the wedge’s beginning. • Considering that the AI narrative is the darling of investors at the stock market and crypto, I think AGIX could go much higher. However, let’s not count the chickens before they are hatched. A cool 90% profit is enough, for now. My Trade Idea: • Entry: 0.26 (approximate number, breakout of the wedge). • SL: Daily candle below the resistance line. • TP: 0.34, 0.46, 0.51. Leave a moon bag. God willing, I will update you as AGIX makes further progress. NFA. What do you think? Please share in the comments. Best wishes to all.
CRYPTO:AGIXUSDLong
by NewThoughtCrypto
AGIX Breakout from a Falling WedgeSince November 9th until February 8th, AGIX made an astonishing 1746% profit in three months (91 days). Since the high of February AGIX has been in a correction. The structure emerging out of that correction is a Falling Wedge which is a bullish reversal pattern. Also, although AGIX is in an overall correction, it hasn’t even touched the 0.382 Fib level (pulled from the low of November to high of February). Currently AGIX is trying to break out of the wedge to the upside, but it has the 0.33- 0.34 USD horizontal resistance level to cross before we can be sure the breakout is a success. If we look at the RSI on the daily chart, we can see that the RSI line already broke out of the falling wedge which is a point in favor of the immediate breakout scenario. However, the whole situation in the crypto market is very delicate ATM. I don’t think anyone knows for sure if we are done with this correction or if the chop is to continue. The way I see it there are two possible scenarios: Scenario 1: Successful Breakout AGIX breaks out of the falling wedge, tests it as support and continues to the upside. In this case my trade idea is: Entry: At the retest of the trendline approximately at: 0.305 USD SL: below the trendline at: 0.293 USD Target: 0.46 USD (at least) Scenario 2: Breakout Fails The whole market goes to crap, again, and AGIX with it. In this case I will be looking to long AGIX at the 0.21 USD level or at the support of the trendline, with a stoploss below the trendline. NFA. Feedback will be appreciated. Best wishes to all.
CRYPTO:AGIXUSD
by NewThoughtCrypto
1
AGIX/USDTSPOT BUY PLAY : AGIX/USDT BUY/ACCUMULATE AGIX IN PARTS UNDER $0.50 STOP LOSS = AS PER YOUR RISK APPETITE . TAKE PROFITS ARE 50%-100%-150% DYOR. Always DO YOUR OWN RESEARCH before taking any trade or before investing your hard earned money. Suggestion/Tip – It is always better to take profit, whether all the zones are bought or not. Suggestion/Tip 2 - When price is moving on right way "it is always recommended to move stop-loss to profit side". If you like the idea and benefited from it please like , share & comment to keep us motivated.
ALong
by EsCApetHEmAtRiCS
AGIX/BUSDSPOT BUY PLAY : AGIX/USDT is showing a symmetrical triangle (bullish if breaks to the upside and retested) in multiple (Hourly) timeframes & it broke & retested it in 1hr timeframe.(its recommended to get confirmation in high time frame(atleast in 4hr) before entering the trade. STOP LOSS = 15% below the average buying price take profits are mentioned in the chart itself. DYOR. NOTE - AI TREND IS STRONG AT THE MOMENT & AGIX IS AN ARTIFICIAL INTELLIGENCE PROJECT. Always DO YOUR OWN RESEARCH before taking any trade or before investing your hard earned money. Suggestion/Tip – It is always better to take profit, whether all the zones are bought or not. Suggestion/Tip 2 - When price is moving on right way "it is always recommended to move stop-loss to profit side". If you like the idea and benefited from it please like , share & comment to keep us motivated.
ALong
by EsCApetHEmAtRiCS