STOCKS TELEGRAPH

Tag: AGLD

  • Adventure Gold (AGLD) – What is the Chart Showing Us?

    Adventure Gold (AGLD) – What is the Chart Showing Us?

    Moving to the technical side of AGLD, and checking out the price action starting from Daily. The price recently tapped in the daily demand zone. Now, this demand zone was quite strong because for the demand zone to be strong, there are two things important. If the price of AGLD  leaves an imbalance and if the price breaks structure, then that is a valid and strong demand zone. Now besides that, the price emerged way much momentously which shows that buyers were really interested in that level. Now, this is how the demand level on a daily formed but the second important thing is the delivery of price within a zone. In this case, as it can be observed, the price when it was pulling back with weak momentum, and the wave was corrective in nature. This is very ideal if one is interested in taking trade from the zone

    AGLD - 4H

    Moving down to the 4 hours, starting from the structure first, the price of AGLD was breaking structures to the downside, but recently it failed to break the Low, and instead, it broke the recent Lower High, which shows the structure change in the price. Now, this structure shift was not a usual one rather a strong one, because it also flipped the recent Supply and now the Demand is in control. It can be clearly observed that when the price pulled back, the momentum was very much strong, but the demand in control held the price and acted as a support for the price. Moreover, the momentum which arose from the demand still was great which shows that bulls are dominant. Now, this also has a confluence of BTC as BTC movement affects the alts movement too much extent being the reason, it bounced because BTC also tapped in a daily order Block and reacted nicely of it. AGLD price has also left some liquidity above which acts as a magnet for price.

    Invalidation Points

    Now talk about the invalidation and targets points. Firstly the level of $0.855 can serve as an invalidation point because if that fails, the structure will change, the supply will be in control, which would favor only shorts. Talking about the target, the range between $1.215 to $1.246 serves as a great target because that is a retail resistance, and a pool of liquidity is sitting there which can drive the price towards it.

  • Why These Coins Are Getting So Much Interest Today? – (WRX, PYR, JOE, AMB, AGLD)

    Why These Coins Are Getting So Much Interest Today? – (WRX, PYR, JOE, AMB, AGLD)

    Even though the market has been struggling to gain momentum. There are certain coins that have worked their way up the market. With the legalization of crypto in India, we have seen a sudden boost in certain coins that have been covered. A few coins have shown strength in the market and are shown below.

    WazirX – WRX

    Good news came out of India when it was released that India is moving towards the legalization of cryptocurrency. This news is highly bullish for the overall market. It has been released that the taxes levied would be 30%. Most traders hoped that the taxes would decrease over time. This news has been highly bullish for the Indian crypto Exchange as well. The price of WRX has increased by almost 28% in the past 24 hours and we have seen it attain a new value of $1.02. The volume has also jumped by almost 1268%.

    Vulcan Forged – PYR

    PYR has been one of the top gainers on Binance. The game had a major setback a few days back when the platform got compromised. But the developers came from the top and we saw them deliver and quickly recover the damage from their own treasury. In the past 24 hours, the price has increased by almost 23.88%. The new price is almost $12.93. The volume has also increased by almost 234%.

    JOE

    JOE has been newly listed on Binance. Due to the newly created volume, the price of the coin has increased dramatically and we saw an increase of almost 23%. The new price at the time of writing is almost $1.55. With only 162M coins in circulation, JOE has definitely gained attention.

    Adventure Gold – AGLD

    Adventure Gold (AGLD) is listed on the 443rd spot on coinmarketcap. At the time of writing AGLD is being traded at the price of almost $1.12. The price has increased by almost 38% in the past 24 hours. The volume has increased by a whopping 313% in the past day alone. AGLD revealed on Twitter that “Rings for @lootproject is now open source!“ 

    Ambrosus – AMB

    AMB has been one of the top gainers on Binance thanks to a tweet “Exciting #DeFi integrations and decentralized #governance are coming to Ambrosus this year.” In the past 24 hours, the price has increased by almost 35%. At the time of writing, AMB is being traded at the price of almost $0.02462.  The volume today has increased by almost 2488% in the past 24 hours achieving a new value of $3.4M. It is listed in the 884th position.