AGI STILL teasing bullish breakout from the same rising channel

9 апр. 2021 г.

Hello again fello AGIllionairs! As you can see from my last post we didn't manage to break out of the rising channel yet, but hey that's alright this channel is moving in the right direction and making gains. We are now back teasing the top of the channel. You'll notice if you look at daily chart that we've taken 4 days, then 3 days, and now just two days to go from the bottom to top. This is a bullish signal! On top of that, on the four hour chart, which I've shown here, you can see that the MACD has just had a bullish crossover. Also, the RSI is not showing oversold territory yet either which is a good sign.

I'm hoping this gives us the momentum during this next daily chart candle to break out and get this roughly 30% gain to 1100 sats. It won't happen all at once and will take some time with some resistances. We need a good bout of volume to break the top of this channel but if that happens that is the signal to load up. If there is weak volume and the MACD move back back below the signal line then we're probably headed back to the bottom of the channel, which is fine as it has treated us well thus far. The bottom of the channel in the red zone is another good time to buy as long as there is a bounce of the bottom.

9 апр. 2021 г.

Заметка

Looks like we've been rejected one more time off the top of the channel. If the pattern keeps up it should only be another day to go from the bottom back to the top of the channel. Hopefully this time with a bit more momentum as that MACD cross ended up being fairly weak. Loading up in the red zone would be another good target either for a quick trade or longer term hold. I'm in this for the long term!