AGIXUSD targeting 1.0000 on this perfect Fibonacci progression
We are updating our outlook on SingularityNET (AGIXUSD) as it has hit our downside target and will now start the strong rebound as we illustrated on our April 10 idea (see below):
As you see, the 1D MA200 (orange trend-line) provided the Support we wanted on the 1.382 Fibonacci extension (from the October 14 2022 High) and the price is now at the start of a 1D MA50 (blue trend-line) test. Two straight 1D candle closings above it target the Lower Highs trend-line and further close above, the 0.67500 All Time High (ATH).
However the Fibonacci progression model suggests that the next Higher High will be on the 2.382 Fib and this is exactly on the 1.0000 mark. This is our long-term target.
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As you see, the 1D MA200 (orange trend-line) provided the Support we wanted on the 1.382 Fibonacci extension (from the October 14 2022 High) and the price is now at the start of a 1D MA50 (blue trend-line) test. Two straight 1D candle closings above it target the Lower Highs trend-line and further close above, the 0.67500 All Time High (ATH).
However the Fibonacci progression model suggests that the next Higher High will be on the 2.382 Fib and this is exactly on the 1.0000 mark. This is our long-term target.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
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