AGLDUSDT 150% Profit Potential and Market Risks

7 de ago. de 2023

💎#AGLDUSDT has showcased remarkable gains this summer, with a price surge of 326% from the low in May to the high in July. This performance stands out, particularly in the current cryptocurrency market landscape.

💎When the trend began, the price broke and closed above the downtrend trendline, leading to a consistent price increase. A supply area was formed at that time, and now, after a substantial pullback, it has morphed into a demand area. The major correction of #AGLD halted right at the 88.6% Fibonacci support, possibly signaling that the downward momentum has run its course.

💎Currently, the price is trapped between the uptrend and downtrend trendlines, and a breakout is imminent, either upwards or downwards. Considering the facts about the price action, the odds strongly favor a continuation of the uptrend. If #AGLDUSDT breaks upwards, the overall price increase could reach as high as 150%, with a double Fibonacci resistance at $1.3, which is 145% away from the $0.53 Fibonacci support.

💎Ladies and Gentlemen of ParadiseClub, the first key resistance is at $0.90, representing the 161.8% Fibonacci retracement level, and this is our main focus. If #AGLD breaks higher, we should anticipate continued growth, with a final upside target of 145% profit.

💎While the price action looks promising, we must not overlook the possibility of a downside break. In that scenario, a re-test of the 88.6% Fibonacci support is expected. Stay tuned, Paradisers, for more updates and insights in this ever-changing crypto world. Happy trading!