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AGIX/USDT Descending Wedge Formation and Elliott Wave Analysis
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Having a close look at AGIX/USDT reveals an intriguing potential descending wedge pattern. Coupled with Elliott Wave principles, this offers a comprehensive perspective on the upcoming movements. The price trajectory has completed Waves 1, 2, and 3, with Wave 4 currently in progress. This suggests that upon its completion, we're likely to observe another leg down, Wave 5, before potentially witnessing a trend reversal.
As Wave 4 unfolds, it's poised to test an immediate resistance zone. Given the prevailing bearish sentiment and the strength of this resistance, it may prove challenging for the price to break through, pushing it further down as a result. Should the price action respect the boundaries of the descending wedge and the predictions of the Elliott Wave, we can anticipate a move downwards, marking the completion of Wave 5.
Once Wave 5 completes its trajectory, it is projected to fall into a drop target zone. This presents a strategic zone, highlighting an optimal area for medium-term coin accumulations with an upside target set at 0.4547, as marked on the chart.
As always, remember to implement appropriate stop-loss measures and trade responsibly.
Having a close look at AGIX/USDT reveals an intriguing potential descending wedge pattern. Coupled with Elliott Wave principles, this offers a comprehensive perspective on the upcoming movements. The price trajectory has completed Waves 1, 2, and 3, with Wave 4 currently in progress. This suggests that upon its completion, we're likely to observe another leg down, Wave 5, before potentially witnessing a trend reversal.
As Wave 4 unfolds, it's poised to test an immediate resistance zone. Given the prevailing bearish sentiment and the strength of this resistance, it may prove challenging for the price to break through, pushing it further down as a result. Should the price action respect the boundaries of the descending wedge and the predictions of the Elliott Wave, we can anticipate a move downwards, marking the completion of Wave 5.
Once Wave 5 completes its trajectory, it is projected to fall into a drop target zone. This presents a strategic zone, highlighting an optimal area for medium-term coin accumulations with an upside target set at 0.4547, as marked on the chart.
As always, remember to implement appropriate stop-loss measures and trade responsibly.
Trade active
Trade active
We should watch the Internal supply level as shown in blacks on the chart.
Trade active
Trade active
After successfully breaking out of the falling wedge pattern, Agixusdt has exhibited robust momentum. Our immediate target aligns with the mid-term projection. Enjoy the ride!Trade active
The breakout from the falling wedge pattern signaled a strong bullish move, propelling the price upward. However, upon reaching the internal supply level, the resistance prompted a rejection, indicating a temporary halt in the bullish momentum. Expectations lean towards a corrective phase, retracing towards the buyback zone area as highlighted on the chart. This correction might allow for a re-accumulation of positions before a potential resumption of the bullish trend.Trade active
Trade closed: target reached
Note
This is massive
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
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.