AGIX 4-5 SetupAGIX has finished its wave-3 of 3 upward movement and is now in a downward wave-4 of 3. You can begin scaling into the green triangle, placing the smallest order at the top and the largest at the bottom. Once wave-4 of 3 concludes, I will update with price targets for the upward wave-5 of 3.
AGIXUSD trade ideas
AGIX - not looking good! Prepare for more downside.First of all, I acknowledge that I've changed my mind on AGIX short term price prospects (see previous post in link below). I acknowledged a risk of a pullback but the resulting move was much more decisive than I was expecting. The Bitcoin wobble has really sparked some sudden short-term reversals and hurt the technical charts of a vast number of coins, but it has also given hope to the strength of others (e.g. SOL). Unfortunately, AGIX is in the former camp.
Not making any predictions on medium- and long-term prospects (so AGIX hodlers: this is not for you), but from a short-term perspective this chart is now looking decidedly dicey. Some more shenanigans at the BTC front (see second previous post below), could see AGIX dropping into the $0.50s before bouncing. Also note that the AGIX/BTC gives the same impression:
I continue to believe the excitement around AGIX and the merger is not all hype, though and look forward to seeing it recover and mint a new ATH later in the year.
AGIX: Why trading the long option is a better strategySingularityNET price action (AGIX) is generating an interesting technical pattern. A potential double-top has formed which strengthens strong bearish divergence on the daily chart. However, a recent bit of strengthening suggests a bullish continuation triangle is in the make at the same time.
I'm not trading this pattern, but if I were, I'd choose to go long. If I'm right then my entry point should not be threatened by a little reversal on an intraday timeframe. If I'm wrong, then I'd expect a confirmation move to touch the bottom of the triangle, allowing me to get out close to my entry point for a relatively small loss.
It's all about risk-reward. A long target: US$2.33 - that's a 100% gain IF... oh that bloody IF... :)
AGIXUSD 2nd phase of the Bullish Leg begins.SingularityNET (AGIXUSD) is having a tremendous rally since the start of the year and after a 2-week pause with red candles, it appears to be resuming the uptrend sequence. That is 2nd the Bullish Leg within the dominant Channel Up pattern that started after the July 11 2022 market bottom.
The 1st Bullish Leg posted a +1965% rise and was rejected exactly on the previous All Time High (ATH). We expect a similar rally, so our target is $3.2500.
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Potential Bullish Cup & Handle on AGIX
AGIX (SingularityNET) has been forming this potential "bullish cup & handle" formation with a clear breakout above both previous all time highs of around $0.67.
Currently around $1.40 as of March 28, 2024.
According to typical cup & handle patterns, by taking the "Target Measurement" from the lowest price (~$0.039) to ~$0.67 and placing the "Target Measurement" at the breakout point above $0.67, AGIX could potentially launch up to $10.00+ as time progresses.
With a Market Cap of ~$1.84 Billion and a Circulating Supply of 1.279 Billion, this is certainly a possibility it could achieve much higher price levels as mentioned above ($10.00+).
Of course I could be wrong about this but just throwing this cup & handle idea out there as it does appear to be one. And definitely not financial advice, just my own opinion and perspective.
Although this chart does not contain the full history of SingularityNET - since they had changed their ticker symbol from just "AGI" to "AGIX" - according to CoinMarketCap the highest price it has ever been was $1.49 back in January of 2018. We are getting very close to approaching that price.
Lastly, as a side note, SingularityNET is "the world's leading decentralised AI marketplace, running on blockchain" founded by Dr. Ben Goertzel and Co-founder Dr. David Hanson (the creators of "Sophia" the AI robot at Hanson Robotics).
SingularityNET (AGIX)SingularityNET is a blockchain-powered platform that allows anybody to easily utilize
various AI services. Anyway, as it can be seen from the chart, AGIX been in a downward and when AGIX broke the downtrend line, a strong upward wave started. After AGIX's price reached an all-time high, it went into a corrective phase that seems reached a horizontal support area on which AGIX could make a reversal and start an upward wave. Let's see if AGIX can break the minor downtrend line.
Bearishly below the cloud on 4h Way over extended on the 1DUnfortunately the bull market is in a weak spot every glimmer of hope of a pump repeatedly gets swallowed up, we will be in downward pressure for a while.
AGIX - LONG TERM - AGIX is the native token symbol of the SingularityNET network, a global blockchain-based ecosystem that facilitates the exchange and utilization of artificial intelligence (AI) in a decentralized and transparent manner. SingularityNET was founded by Ben Goertzel and his team with the goal of democratizing access to advanced AI technologies and creating an open space for innovation and collaboration in the field of artificial intelligence.
The AGIX token is built on the Ethereum network's ERC-20 standard and is used to facilitate various activities within the SingularityNET ecosystem. These activities include trading AI services and products, paying for the use of AI services, rewarding developers for their contributions to the network, and participating in governance votes for community decisions.
Through SingularityNET, users can access a variety of AI services and algorithms, such as voice recognition, data analysis, image classification, and many more. The ecosystem encourages collaboration between developers, researchers, and users to continuously improve and expand the range of available services and products.
A distinctive aspect of SingularityNET is its decentralized approach, which eliminates intermediaries and provides a transparent and fair environment for all participants. Using blockchain technology and smart contracts, SingularityNET ensures data protection and transaction security while promoting innovation and collaborative growth.
In conclusion, AGIX is a central element of the SingularityNET ecosystem, providing the means for interaction and trading within the network and contributing to the realization of SingularityNET's vision of democratizing access to advanced AI technologies.
AGIXUSD - Continued MoonshotAn idea suggesting a continuation of the current up move towards $29
This is under the assumption of the angled W trend on this log chart
The bullish nature is more evident on a non-log chart
Trying to plot potential futures for some coins.
Singularitynet way above the cloudsSingularitynet is way way above the clouds and is looking for a nice moon shoot, potential to hit 15 dollars this market cycle.
AGIXUSDPrice will touch 5,5usd if price will go above 0,6usd.
Inverse head and shoulders is creating.
It is just my opinion....
AGIX Bump and Run Reversal Pattern BARR💪💯Not financial advice.
Projected moves on chart.
Seeing a Bump and Run Reversal pattern taking place currently
BARR pattern.
Had 2 retests of the 200ma on daily as wicks.
A breakout to .31c then retest the run line before moving up.
Always do your own research
Always Practice patience
#PIK
Patience Is Key
#TLAW
Think Like A Whale
$AGIX: Chart Analysis + Mathematical ConstructsTitle: "Analyzing AGIX: A Precise Examination of its Path to 26 Cents"
In a meticulous chart analysis of AGIX, we observe a striking confluence of technical indicators pointing towards a notable price target of 26 cents. This projection is grounded in a rigorous application of mathematical accuracy, encompassing both measured moves and Fibonacci retracement levels.
The chart analysis reveals a compelling sequence of price movements and retracements, meticulously measured and corroborated with the application of Fibonacci retracement tools. These BINANCE:AGIXUSD mathematical constructs serve as a robust framework, underpinning the analysis and providing a strong foundation for the envisioned price target.
AGIX - Long term bearish trend might be finally overOn the daily graph AGIX is breaking through the 200 Day Moving Average. It’s the purple line that you can see in this picture. On the weekly graph the path is free to make a hugh increase up till the All time high.
AGIX moves when BTC moves. So always take into consideration the BTC price development and the BTC dominance, before you deside to take a move on AGIX.
Just be patient and you will be rewarded.
AGIXUSDTRisk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, that I am not responsible for your investment decision.
Thank you.
Good luck
AGIX – Looking Great! Possible 90% ProfitTLDR:
• A successful break out a of a Falling Wedge Formation could lead to an 90% profit long trade.
Background:
• AGIX has been in a correction since February 8th, 2023. This correction is creating a Falling Wedge formation.
• Since my previous AGIX idea, AGIX corrected further and now it reached the 0.382 Fibonacci retracement.
• The target of a Falling Wedge is the measure from low to high of the wedge’s beginning.
• Considering that the AI narrative is the darling of investors at the stock market and crypto, I think AGIX could go much higher. However, let’s not count the chickens before they are hatched. A cool 90% profit is enough, for now.
My Trade Idea:
• Entry: 0.26 (approximate number, breakout of the wedge).
• SL: Daily candle below the resistance line.
• TP: 0.34, 0.46, 0.51. Leave a moon bag.
God willing, I will update you as AGIX makes further progress.
NFA.
What do you think? Please share in the comments.
Best wishes to all.
✴️ What SingularityNET and Shiba Inu Have In Common?This is the exact same correction found on the Shiba Inu chart, with the huge difference that SingularityNET went through a many times stronger bullish wave.
✔️ SingularityNET (AGIX) goes through a perfect correction after a massive 1744% bullish wave.
✔️ The correction is a 3-3-5 (Flat) ending perfectly at 0.786 Fib. retracement with bullish divergence
on the RSI.
✔️ The trading pair goes bullish as Bitcoin and other Altcoins start to grow. A new high is possible!
This is a more than 4 months long correction, an "extended correction" by all standards, growth can resume at anytime.
Let's be honest and fair... There can be more consolidation but this can happen to a maximum of a few days.
We are set to experience a strong bullish wave across the entire Cryptocurrency market, everything grows remember?
Namaste.
AGIX Breakout from a Falling WedgeSince November 9th until February 8th, AGIX made an astonishing 1746% profit in three months (91 days). Since the high of February AGIX has been in a correction. The structure emerging out of that correction is a Falling Wedge which is a bullish reversal pattern. Also, although AGIX is in an overall correction, it hasn’t even touched the 0.382 Fib level (pulled from the low of November to high of February).
Currently AGIX is trying to break out of the wedge to the upside, but it has the 0.33- 0.34 USD horizontal resistance level to cross before we can be sure the breakout is a success.
If we look at the RSI on the daily chart, we can see that the RSI line already broke out of the falling wedge which is a point in favor of the immediate breakout scenario. However, the whole situation in the crypto market is very delicate ATM. I don’t think anyone knows for sure if we are done with this correction or if the chop is to continue.
The way I see it there are two possible scenarios:
Scenario 1: Successful Breakout
AGIX breaks out of the falling wedge, tests it as support and continues to the upside. In this case my trade idea is:
Entry: At the retest of the trendline approximately at: 0.305 USD
SL: below the trendline at: 0.293 USD
Target: 0.46 USD (at least)
Scenario 2: Breakout Fails
The whole market goes to crap, again, and AGIX with it. In this case I will be looking to long AGIX at the 0.21 USD level or at the support of the trendline, with a stoploss below the trendline.
NFA.
Feedback will be appreciated.
Best wishes to all.
AGIXUSD targeting 1.0000 on this perfect Fibonacci progressionWe 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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AGIXUSD 1.000 possible mid SummerSingularityNET (AGIXUSD) is trading below its 1D MA50 (blue trend-line) turning sideways within a Triangle pattern since the February 08 High, which was rejected exactly on the All Time High (ATH) of September 05 2021.
This price action is similar in terms of RSI with March - July 2022. Based on that we expect an extended pull-back, possibly as close to the 1D MA200 (orange trend-line) as possible and then rebound to the 2.382 Fibonacci extension at 1.0000.
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AGIX Short, Artificial Intelligence FOMO has been endSingularityNET is an AI project that uses blockchain to create, share and monetize AI in the marketplace. This project has a very significant impact after the issue of narrative a few months ago about ChatGPT. Everyone is optimistic about Artificial Intelligence including AI projects running on the blockchain.
For now, agix tends to experience a potential for continued decline, this is due to FOMO regarding the AI project some time ago. Currently AGIX has formed and has confirmed a bearish penant. For the nearest support target at the price of $ 0.355 with a decrease percentage of 12.93%. It would be nice to wait for the support price.
