- AGIX has approached the $0.1956 resistance level on the 2-hour chart but has failed to surpass it.
- If the $0.1956 resistance is broken, there is a potential for a rise up to $0.207.
- If the $0.1956 resistance cannot be overcome, the downward movement may continue and retreat towards the red ascending trend line.
AGIX reached the $0.1956 resistance level on the 2-hour chart but could not break it. If this resistance can be surpassed, the target levels could be $0.207. However, if the resistance cannot be overcome, the downward trend may continue and retreat towards the red ascending trend line. On the daily chart, AGIX wants to sustain its upward trend by closing above the $0.1939 resistance.
MEDIUM-TERM AGIX ANALYSIS
When examining AGIX’s daily technical chart, it is observed that it initiated an upward movement from the support range mentioned in the analysis shared on August 25th and provided a return of over 12% to its readers.
If AGIX price achieves daily closes above the previously mentioned $0.1939 resistance and surpasses it firmly, the next upward target could be the range of $0.21 – $0.217. It is crucial for AGIX to make daily closes above the $0.1939 level in order to sustain its upward trend.
However, if AGIX price fails to surpass the $0.1939 resistance, it may initiate a downward movement towards the $0.1819 levels. If the support at $0.1819 is broken, it may have the potential to continue its decline towards the blue support level.
SHORT-TERM AGIX PRICE ANALYSIS
When examining AGIX’s 2-hour chart, it can be seen that it has risen up to the $0.1956 target from the previously shared support range in the analysis. However, it faced selling pressure at the $0.1956 level and could not break this resistance. If AGIX price can surpass the $0.1956 resistance with 2-hour closes, it may have the potential to continue its rise up to $0.207 levels.
If AGIX fails to surpass the $0.1956 resistance, there is a possibility of continuing the downward movement towards the red ascending trend line mentioned in the analysis. Unless AGIX makes 2-hour closes below the blue support level of $0.1892 mentioned in the analysis, it may desire to sustain its upward trend.
However, if AGIX makes 2-hour closes below $0.1892, it may have the potential to continue its downward movement towards $0.1809. If AGIX price makes 2-hour closes below the $0.1808 level, it may continue its downward trend towards $0.177 levels.
