We can see Magic (MAGICUSDT) moving within a channel and the lower boundary of this channel being tested. We know that prices tend to move to the other extreme once a boundary is challenged as either support or resistance.
➢ If support is tested, prices move to challenge resistance next.
➢ If resistance is challenged, prices move to test support next.
Here MAGICUSDT tested the lower rising trendline while at the same time producing a long-term higher low. This higher low can lead to a new bullish wave with medium-term targets reaching more than 400%. There is also an easy target around 140%.
Patience is key.
➖ You can find MAGICBTC, published a while back, by checking the 'Related publications' at the bottom of this post.
Thank you for reading.
Namaste.
➢ If support is tested, prices move to challenge resistance next.
➢ If resistance is challenged, prices move to test support next.
Here MAGICUSDT tested the lower rising trendline while at the same time producing a long-term higher low. This higher low can lead to a new bullish wave with medium-term targets reaching more than 400%. There is also an easy target around 140%.
Patience is key.
➖ You can find MAGICBTC, published a while back, by checking the 'Related publications' at the bottom of this post.
Thank you for reading.
Namaste.
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.