AGIX/USDT forming W Pattern at 1 Hourl TF

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AGIX/USDT

💎 Ladies and Gentlemen of ParadiseClub, let's turn our attention to AGIX/USDT. It's currently crafting a 'W' pattern, and the MACD is indicating a bullish divergence. After a sharp decline, it's begun to bounce off the demand zone, shaping this 'W' pattern.

💎 The 200 EMA is also hovering near the supply zone, reinforcing it as a robust supply area. Scalpers might consider a short position here, but if it breaks through the supply zone and the 200 EMA level at 0.21347, we could anticipate a move up to the next supply area at 0.2237.

💎 It's important to note that a retest is crucial after the breakout. As always, stay vigilant and enjoy your trading journey, Paradisers!