AGIXUSDT's Pivotal Moment: Between Resistance and Support

11 באוג׳ 2023

💎#AGIXUSDT's trajectory is currently leaning bearish, but this might be the opportune moment for Paradisers to delve back into its chart. Today, #AGIX touched the peak of its descending channel, aligning perfectly with the minor resistance set at $0.21. This exact point saw a decisive bounce from the 50 Exponential Moving Average on August 23. Following that bounce, a downward correction ensued, and we observed another bounce, this time from the 88.6% Fibonacci support at the key $0.20 level.

💎From this, we can deduce that #AGIX is currently navigating between the support of $0.20 and the resistance of $0.21. Eventually, it will break in either direction. Given that the 50 EMA is currently acting as support, the odds of a breakout to the upside seem favorable. A daily breach and closure above this resistance would be a bullish indicator, potentially leading to a 17% price surge in a concise timeframe.

💎Ladies and Gentlemen of ParadiseClub, our MCP team is keeping a vigilant eye on the #AGIXUSDT chart, eagerly awaiting a potential upward breakout. Once that happens, we'll be on the lookout for a promising buying opportunity. Stay tuned!