SingularityNET (AGIX) - Bullish divergence

As mentioned in the recent FTM idea:

“everyone is so focused on what Bitcoin is not doing that there’s a real risk the best opportunities are passing us by. Those opportunities are found in the alt tokens following massive sell offs. We find them by studying the BTC pairs. Those studies are assisted by focusing on time frames greater than the daily chart during times of such uncertainty.”

On the above 2-day chart price action has corrected a whopping 80% since September 2021. A number of reasons now exist to be bullish , including:

1) The ‘incredible buy’ signal.

2) Regular bullish divergence. Currently 8 oscillators are printing positive divergence over a 26 day period.

3) Price action has printed a Dragonfly DOJI candle on the 4-day chart (not shown here).

4) RSI resistance and price action breakouts.

5) Nudge nudge wink wink. On the 'what if' list.

Is it possible for price action to fall further? For sure.

Is it probable? no

Good luck!

Ww


Type: trade
Risk: <=6% of portfolio
Timeframe: 3-6 months
Return: don’t know

Handel aktiv:

Making good progress.

Handel aktiv:

shall continue

Handel aktiv

Kommentera:

A swing trade opportunity is approaching. 140% gain thus far with a conditional sell signal on the daily printing but not yet confirmed.

Kommentera:

430% so far. No sell signal yet.

Kommentera:

1228 - take profits at 1228

Kommentera:

20% until target.

Trade stängt: målet nått:

Target reached, almost 800% - sell signal now prints, ignore it at your peril.

2-day chart