SingularityNET (AGIX) - 40% correction??

On the above 4 day chart price action has risen 800% since last October. A number of reasons now exist to be short, including:

1) Price action support has failed.

2) Regular bearish divergence. This negative divergence can also be found on the BTC pair of the token (below).

3) Price action is following the Gaussian channel after a strong rally as shown on the daily chart below. This is bearish. If you notice price action entering the channel it is very likely to test the lower side of the channel, currently a 40% correction away.

Is it possible price action continues up? Sure.
Is it probable? No

Ww



AGIX.BTC negative divergence

Gaussian channel support

Zlecenie aktywne:

Past support confirms resistance.

Komentarz:

30% correction so far.