AGORAS (AGRS) Target $6.47 (120% Profit Potential)
SUMMARY
AGORAS (AGRS) is consolidating and it could potentially last a bit longer. Often, these consolidations can progress until price gets closer and closer to the apex of the triangle. The apex is the point where the two lines intersect. From the perspective of buyers and sellers, the contracting lines of the triangle make the degree of price movement less and less. Give that this current triangle is wave iv of an impulse; as price gets closer to the apex point, the agitation of the buyers become larger and larger until price explodes up. Now, this is not guaranteed by no means as Technical Analysis is not that of certainty but probability. So, if the next likely wave is (v); then price should breach the triangle in the upwards direction.
Here is the AGRS/BTC pair and it's a combination of patterns. The first is that of a downward pointing bullish symmetrical triangle. The second is that of a Cup & handle that is nearly complete. When such confluence of patterns indicate bullish moves...Elliott Waves can readily take price to 0.0009657 BTC or higher!!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Thanks Haejin for looking into this
I've written about Tau/Agoras a lot, and believe it's by far the most revolutionary project in the crypto space
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What’s the difference between Bitcoin and NASA?
Bitcoin’s actually going to the moon.
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@haejin I shared with you another one of your posts my price predictions for Verge and Steem, but just incase you missed it, I've attached the link below. We see Steem reaching $180 and Verge reaching $13 in 2018!
https://steemit.com/steem/@antonburton/verge-to-usd13-in-2018-as-explained-by-wildtrader-crypto-nights-episode-21
What you think about DIX Asset ? Worth an investment?
It's blown up 350% this week. As with many alt's there is money to be made. Not in my portfolio - but you can't have in everything!
man are yo serious steem @ $180 and verge @$13 . is it practically yes ???
steem maybe but verge!!!!!!! i don't think so
I’m building a position in Agoras. Hope it goes a lot higher than this, but not too quickly, I need more
Cheers
I'm on Skype for our 2pm!
Awesome Session @haejin! Thank you for the resources too!
Confidence goes UP, risk goes DOWN!
Would love to see you on minds dotcom!
cao!
I think verge will explode soon!!
My current biggest position. After this I'm going to be increasing my MCO position.
I'm counting on it!
Doing exactly the same thing. Got 50 percent of money in XVG. I am counting on 2x gains within next 15 days. After that, i will leave only a fraction of it in XVG and move the rest to the coins with lower market cap.
Sounds like a plan.
You are giving great tips keep it up. And you will surely go higher
thanks for the post mate i really enjoyed it and i will definatly look into this!! also whayt do think tron will be at the end of the year?? thanks
Thanks @haejin !!!
I will buy some AGORAS and i will keep it maybe will go up
Great chart analysis of AGRS. Keep up the great work! Thanks