Technical analysis by Tradeci about Symbol AGIX: Buy recommendation (2/29/2024)

AGIX USDT parity broke its peak in March 23 with its massive rise last week. When we log the chart, the March23 peak of 0.590 was tried twice on February 19 and 20 and was not broken. He broke hard on his 3rd attempt on February 21. 0.590 levels currently form the neckline of the Çanak Formation. The weekly closing was at 0.758 level and a retest was made to the neck line yesterday. There is a huge Çanak Formation in front of us that has been approved. The formation target is an increase as much as the bowl height, that is, 2,219 levels. It means around +210% profit from the current price. With the recent Artificial Intelligence craze, USD 2,219 levels may reach 2,219 USD in a very short time. However, since the RSI values ​​are very swollen, the RSI needs to cool down a bit. It may take a few weeks to reach the target. It is necessary to wait patiently. It does not contain recommendations.