Magic Long-Term Higher Low Can Lead To 700% Growth
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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