- April 10, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
SingularityNET (AGIXUSD) is trading below its 1D MA50 (blue trend-line) turning sideways within a Triangle pattern since the February 08 High, which was rejected exactly on the All Time High (ATH) of September 05 2021.
This price action is similar in terms of RSI with March – July 2022. Based on that we expect an extended pull-back, possibly as close to the 1D MA200 (orange trend-line) as possible and then rebound to the 2.382 Fibonacci extension at 1.0000.