AGIX/USDT Descending Wedge Formation and Elliott Wave Analysis
Hello,
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.
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
Comment:
This is massive
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Official Channel: t.me/+m0IACMn0ul03OTFk ✅
REAL Weslad: t.me/WESLAD ✅
For premium Zone: t.me/wcsepayment ✅
@WESLAD WILL NOT SEND YOU MESSAGE FIRST. ❌