Adventure Gold Correction Over? 16X Potential To New ATHDid you read the TrueFi (TRUUSDT) trade-idea?
We have a similar situation here.
This pair has been growing since November 2022. It produced a peak in March 2024 and a correction is present next.
The correction so far hit as low as the 0.786 Fib. retracement level relative to the entire Nov. 2022 - March 2024 bullish wave. The correction can end here.
The fact that the bullish wave reached as high as the level at which AGLDUSDT traded back in April 2022, means that it doesn't need to crash to new lows. Again, the TRUUSDT trade-idea can work for context.
Since this pair didn't hit a new All-Time High nor went close, it doesn't need to go that low.
Don't get me wrong, it can still move lower; it can produce a new low. But prices already moved as low as the October 2023 support and bearish action has been ongoing for six months.
Corrections can last between 6-8 months, sometimes 10 months... So, you have to choose.
The potential for the correction to be over is big but nothing is sure.
When we look at the Bitcoin side, the BTC pairs, everything is 100% certain and we know the bottom is in, so we go with the sure thing.
We don't force the charts; we cannot force a trade.
We like very, very low risk, with a high potential for reward.
Adventure Gold (AGLDUSDT) can hit a new All-Time High in 2025, being conservative, based on technical analysis, $13 is more than do-able and this would mean more than 16X.
If you are wondering how to approach this pair, I would say the best choice is to buy and hold, we are currently within the accumulation zone and marketwide the whales are in their accumulation phase.
Those accumulating now will be doing pretty good in late 2025 when everything is hitting new All-Time Highs.
Thank you for reading.
You are truly appreciated.
I hope to see you again.
Namaste.
