AGIXUSD 2nd phase of the Bullish Leg begins.SingularityNET (AGIXUSD) is having a tremendous rally since the start of the year and after a 2-week pause with red candles, it appears to be resuming the uptrend sequence. That is 2nd the Bullish Leg within the dominant Channel Up pattern that started after the July 11 2022 market bottom.
The 1st Bullish Leg posted a +1965% rise and was rejected exactly on the previous All Time High (ATH). We expect a similar rally, so our target is $3.2500.
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Singularitynetsignals
AGIXUSD targeting 1.0000 on this perfect Fibonacci progressionWe are updating our outlook on SingularityNET (AGIXUSD) as it has hit our downside target and will now start the strong rebound as we illustrated on our April 10 idea (see below):
As you see, the 1D MA200 (orange trend-line) provided the Support we wanted on the 1.382 Fibonacci extension (from the October 14 2022 High) and the price is now at the start of a 1D MA50 (blue trend-line) test. Two straight 1D candle closings above it target the Lower Highs trend-line and further close above, the 0.67500 All Time High (ATH).
However the Fibonacci progression model suggests that the next Higher High will be on the 2.382 Fib and this is exactly on the 1.0000 mark. This is our long-term target.
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SINGULARITYNET long term more gain and shine 💣🚀💣Hello 🐋
we expect to see more gain for the price in log term targets 🚀💣
Brief explanation 📖👌💡
it is more of an ecosystem rather than a narrow-focused crypto project, but it does have artificial intelligence.
Singularity Net is an open and decentralized platform of Ai services that have been made available through blockchain-based tech. Developers publish their service, and they can then be used by others who have access to the internet. Developers are also able to charge for their services through the usage of the ecosystem’s native cryptocurrency.
The core mission of the team, however, is to create an “Artificial General Intelligence (AGI)” for a beneficial technological singularity.💡📖
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
AGIXUSD Major bullish break-out!The SingularityNET token (AGIXUSD) broke today (aggressively) above its 1D MA200 (orange trend-line), where it was rejected both on September 17 and August 14. If it successfully closes the 1D candle above it, it will be the first time to do so ever.
Having also broken above its All Time High Lower Highs trend-line, we can argue that AGIX is on a massive bullish break-out. The medium-term pattern is a Channel Up, supported by a Higher Lows trend-line starting on the July 15 Low. As long as it trades within it, expect a pull-back at or slightly below the 1D MA50, which will be a buy opportunity. A break above the Channel, should be enough to accumulate more buyers and target the 0.618 Fibonacci retracement level.
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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