For a quite a long time AGI has been trading below the Ichimoku cloud. For the first time in a very long time SingularityNET is trading within the cloud.
Since AGIBTC is trading within the cloud on the weekly chart, the trend is flat however it has good support from the Senkou Span A (bottom line)
What we want to see is that the bottom line (Span A) crosses the Top Line (Span B) and that AGIBT is trading above Span B. When it does AGIBTC will get a huge momentum. Until then the top line functions as a resistance.
However the Tenkan Sen (red line) which shows A sharp angle of ascent which signals strong momentum to the upside
I am already bullish on the daily chart and will become very bullish when AGIBTC breaks out of the Cloud on the weekly chart too.
Since AGIBTC is trading within the cloud on the weekly chart, the trend is flat however it has good support from the Senkou Span A (bottom line)
What we want to see is that the bottom line (Span A) crosses the Top Line (Span B) and that AGIBT is trading above Span B. When it does AGIBTC will get a huge momentum. Until then the top line functions as a resistance.
However the Tenkan Sen (red line) which shows A sharp angle of ascent which signals strong momentum to the upside
I am already bullish on the daily chart and will become very bullish when AGIBTC breaks out of the Cloud on the weekly chart too.