Candle Chart Analysis (1 Minute) #AGT @AIVille
A correction pattern is visible after previously touching $0.0032889.
The last candle is a large red candle, indicating strong selling pressure.
Volume was high during the green candle, but decreased when the large red candle formed.
Strong local support around $0.00310–$0.00316, which has been tested previously.
Short-term downtrend
The price movement is now cutting all moving averages down → potential for a continuation of the downtrend if it does not rebound soon.
Death cross mini
MA7 appears to be starting to bend down approaching MA25 → weak technical signal if there is no reversal.
High volatility in short timeframes → be careful of false signals if you are day trading.
If,
- Hold
If you already have AGT, wait for confirmation of a bounce from support ~$0.00316–$0.00320
- Buy More (Average Down)
Can be considered if the price drops to $0.00310 or lower and a reversal green candle appears
- Sell (Take Profit/Stop Loss) Sell if the red candle holds & breaks support ~$0.00310 with high volume
Swing Entry Good entry if the price manages to return above MA25 and closes a convincing green candle above $0.00324
AGT is currently in a short-term correction phase.
Price is below all major MAs (7/25/99) → weak bearish, but has not broken down drastically.
Monitor the support level of $0.00310–$0.00316 and see if a strong green candle forms for a bounce.
Recovery key: candle close above $0.00325+ in the next few minutes with volume
