$AGT caught my attention today with a massive 75 percent jump. The price spiked all the way up to 0.1047 before pulling back sharply to the 0.079 area where it is currently trading.
What I find interesting is the current market structure. The volume has really dried up compared to that initial massive green candle. The price is now hugging the 7 period moving average at 0.0777. For me this is a crucial pivot point. If it holds here the buyers are still showing some strength. If it loses this yellow line I would expect a test of the 25 moving average down at 0.0714. I am choosing to stay patient here because trading low volume chop is difficult. I would rather wait for a clear break of this current sideways range before taking any action.
Are you watching this pair closely? I would love to hear your thoughts below. Follow me for more of my market observations.
#DYOR
What I find interesting is the current market structure. The volume has really dried up compared to that initial massive green candle. The price is now hugging the 7 period moving average at 0.0777. For me this is a crucial pivot point. If it holds here the buyers are still showing some strength. If it loses this yellow line I would expect a test of the 25 moving average down at 0.0714. I am choosing to stay patient here because trading low volume chop is difficult. I would rather wait for a clear break of this current sideways range before taking any action.
Are you watching this pair closely? I would love to hear your thoughts below. Follow me for more of my market observations.
#DYOR