#MAGIC
The price has been moving in a bearish flag since last March
That flag was broken higher and the Moving Average 100 was broken
Current price 0.9373
The first goal is 1.06
The second goal is 1.55
MAGICUSDT Technical analysis update
Buy zone : Below $1.285
MAGICUSDT price has formed an ascending triangle pattern. The price is nearing the resistance line, and a breakout could indicate potential upward movement in MAGIC.
Support : $1.175
Resistance 1: $1.38
Resistance 2: $1.60
Resistance 3: $2.00
Always keep Stop Loss
I'm excited to share an analysis on MAGICUSDT that appears quite promising. Currently on a bullish trend with consistent buy signals, Magic seems poised for an intriguing move. Taking into account recent Bitcoin movements, our projection places Magic in the highlighted zone captured in the attached photo, roughly ranging between $0.76 to $0.77.
Trade...
4h time frame
-
MAGIC just broke out the downtrend line. It is creating a bottom structure and retesting the support zone around 0.55. If MAGIC is doing the potential symmetrical, we can see it reach 0.73 soon, and there are higher targets.
TP: 0.73 / 0.8 /0.9
SL: 0.525
Time to rebuy BINANCE:MAGICUSDT
"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
Don't forget to like and comment
The price is trading in a zone where it experienced free fall on the recent drop a few day ago. The next resistance for the price is 4h resistance 4HR1 as marked on the chart. This resistance zone sits around 0.8336-0.8520. The probability of the price to aim for this 4h resistance is high. Therefore a long is favorable here. However, there is a reasonable...
