Updated
AGIX - short-term plan
Can AI-hype have a chance to come back this year?
I've no clue but when looking at AGIX, I see some reasons that it would have a pull back after having been declined since February this year.
Currently, price is at the strong support, Fib. 0.5 level (see the below screenshoot). Moreover, it may form an accumulation schematic following Wyckoff method.
I'll consider to buy at the yellow box if price will come here and BTC'll show some sign of strength.
Note
I bought some AGIX in the yellow area.Note
I'm out of AGIX long because BTC is at critical point. It's breaking the support trendline of an ascending channel. Will update if BTC behaves differently.Note
The Spring event had been confirmed. I missed this trade but I think AGIX would continue to move as initially planned, for those who are interested.Note
Target Fib 0.382 hit Trade closed: target reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.