AGLDUSDT Going Parabolic??
Updated
Hard to find any clear direction for the crypto market at the moment but one crypto of late that looks interesting may be found in Adventure Gold. Or AGLD to USDT more specific. It has pumped almost 100% but since then has fallen back down and now finds itself at a fairly nice deep retracement spot.
A major level of interest for me for a long would be found between $0.66 and $0.63. If the overall bullish momentum we've seen thus far is any indication, its my belief that AGLDUSD is in the midst of going parabolic with $2 being the price it could test in the coming weeks.
A major level of interest for me for a long would be found between $0.66 and $0.63. If the overall bullish momentum we've seen thus far is any indication, its my belief that AGLDUSD is in the midst of going parabolic with $2 being the price it could test in the coming weeks.
Note
I adjusted my fib anchor point on this to the June 19 low where a bullish morning star reversal pattern was put in place and after doing that, price came down to the newly adjusted 88.6 fib level and has reacted nicely.. so far lol. Most importantly, this new adjustment maintains good confluence and even though the original fib range I plotted did not hold up as well, it still technically has not been violated. In fact, the price where we have bounced just so happens to coincide with the anchor point low of the previous fib range, which gives me at least a speck of confident that the level at $0.53 may hold up. Of course much of its success will depend on the macro but if volume continues to come in, AGLD may regain its footing to continue the parabolic trajectory it is on.
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