AGIX appears to be forming a classic double top formation, which typically signals a strong resistance level ahead. Additionally, there are indications of bearish divergence on the higher time frames, further supporting the bearish outlook. I’m expecting heavy sell pressure to come into play and potentially lead it down to the 1.618 level.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.