Long trade idea for MAGICUSDT Long trade idea for MAGICUSDT
Falling wedge pattern measured from Sept
Entry after pullback from 0.345 till 1.2
Potentially 257% profit
MAGICUSDT
$MAGIC is days away from an up trend rallyOMXTSE:MAGIC has broken above its falling trendline and is ready for a rally to its all time highs and above. New coins usually perform even better than old utility coins on the market. Don't miss out!
Do you like to see some magic!? / (MAGIC long setup)BINANCE:MAGICUSDT
COINBASE:MAGICUSD ]
Hello Traders
💥Long position on MAGIC
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
0.3587
0.3683
0.3789
0.3915
🔴SL:
0.32
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
MAGICUSDT Bearish Flag PatternMAGICUSDT Technical analysis update.
The MAGICUSDT price has formed a bearish flag pattern on the 4H chart. Price broke below its support trendline, a 10-20% price drop is anticipated before a potential upward movement
Regards
Hexa
Is #MAGIC About to Skyrocket? Key Demand Zone ApproachingYello, Paradisers! Are you ready for the next big move in #MAGIC? Let's dive into the latest analysis of the #Treasure and find out what will happen next:
💎#MAGIC is currently trading in a descending channel, but the price is approaching a key demand zone, setting the stage for a possible bullish breakout.
💎Right now, #Treasure is adhering to a descending resistance pattern. However, it's now on the verge of breaking out, especially if it taps into the critical demand level of $0.464. Should the price maintain strong momentum here, we could see #MAGICUSDT breaking through the descending resistance and targeting the major supply area at $0.94.
💎A successful breach above this supply area could lead to a significant bullish move, pushing the price towards a strong resistance zone.
💎On the other hand, if #MAGICUSDT loses momentum and faces rejection at the supply area, we may see a bullish rebound from the lower strong support at $0.39-$0.43.
💎However, falling below this level could signal a prolonged bearish trend, and OMXTSE:MAGIC will keep moving within a descending channel.
Stay focused, patient, and disciplined, Paradisers!
MyCryptoParadise
iFeel the success🌴
MAGICUSDT 1WMAGIC ~ 1W
#MAGIC The decline occurred already -80% from the highest peak.
It's time to start accumulating again, with a short term target of at least 20%+ from here.
#MAGIC/USDT#MAGIC
The price is moving within a descending channel pattern on the 4-hour frame and broke it upwards after adhering to it significantly
We have a downtrend on the RSI indicator and it was broken upwards and we have a trend to stabilize above it
We have a major support level in green at a price of .450
We have a trend to dot above the moving average 100
Entry price 0.5000
First target 0.5560
Second target 0.6000
Third target 0.6575
MAGIC LOOKS BEARISHMAGIC seems to have formed a large diametric which is now in the middle of wave D of this diametric.
The green range is expected to support and pump to form wave E.
Closing a daily candle above the invalidation level will violate the analysis
TP 1 is also an important support.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
#Magic 1D chartOMXTSE:MAGIC 1D chart;
The first thing that catches our eye is that the price is back to the December 2022 level where it was listed
The highest level it has ever seen is 5x
It is currently in the bargain zone and it is possible to say that the price is working strongly at the lowest support level of $0.4142
As long as it does not lose this place, there does not seem to be a problem.
After the squeeze with the falling trend lines, it is possible to see a sharp upward movement if the market allows.
In the short term, $ 1 can be considered as the first target.
MAGICUSDT 1WMAGIC ~ 1W
#MAGIC The decline occurred already -80% from the highest peak.
It's time to start accumulating again, with a short term target of at least 20%+ from here.
15% correction MAGIC ?The price action around the 0.67 cents level seems to be weakening, indicating a possible break of this support area. This could lead to a correction to the level of 0.57 cents, representing a 15% decline.
And if the downtrend line is broken, this analysis was inconclusive and you can wait for a buy position to enter.
This analysis is based on technical indicators and price patterns and should not be considered as financial advice. Please do your research and consult with a financial advisor before making any investment decisions.
MAGIC/USDT is need to bounce and break the resistance for upward💎 The recent market dynamics surrounding #MAGIC have indeed been quite notable. Presently, MAGIC has bounced from the support level area, but there's a possibility it may undergo another round of testing at the support.
💎 For MAGIC to regain bullish momentum, it needs to successfully bounce and breach the resistance level around $0.95.
💎 Should MAGIC manage to bounce effectively and break above the resistance, it could pave the way for further upward movement, potentially leading to a test of our target strong resistance area.
💎 Conversely, if MAGIC fails to bounce convincingly from the support, it could signal bearish sentiment. In such a scenario, the price may break below support and continue its downward trajectory, potentially reaching lower levels.
MyCryptoParadise
iFeel the success🌴
long MAGICMAGIC broke through the resistance level and the descending trendline. The bullish movement to $1.23 is expected to happen.
MAGIC/USDT it requires to bounce and break the resistance!💎 Paradisers, #MAGIC has recently undergone notable market dynamics. Currently situated at a critical support area, #MAGIC awaits validation through a bounce, which could set the stage for a breakout above the key resistance level at 1.195.
💎 Breaking above this resistance is pivotal for the next phase of the movement. If #MAGIC successfully breaches the resistance, it could signal further upward momentum, potentially leading to a retest of stronger resistance zones.
💎 However, should #MAGIC fail to break above the resistance, it may retreat to the support area to gather momentum for another attempt.
💎 If #MAGIC breaks below the support area, it would likely confirm a bearish sentiment, especially considering its prior breach of the ascending support trendline. Such a breakdown could lead to sustained downward movement, potentially testing lower support levels.
magicIn the daily time, it is in a strong support zone. In my opinion, it is more suitable to buy in the green points so that it does not break the upper lines.
🚨#MAGIC/USDT LONG#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
MAGIC/USDT bullish momentum from demand ? 👀🚀Magic Analysis💎 Paradisers, it's time to cast our focus on #MAGICUSDT, as it's currently displaying indications of a bullish continuation from its present demand zone.
💎 From our previous observations, #Magic has shown a pattern of making an equal high trajectory followed by a decline. Currently, it's showing an increased likelihood of a bullish move from the demand level at $1.0557. If the price sustains its momentum at this level, we might witness a bullish climb towards the bearish Order Block (OB).
💎 However, as astute traders, we always keep an eye out for alternative scenarios. If #MAGIC fails to hold the demand level at $1.0557, we should be prepared for a potential bullish rebound from a lower demand level at $0.9363. Be aware that breaking below this level could trigger a substantial downward trend.
MAGIC LONG SETUPMAGIC will playout hare after consolidating in huge time bounded rectangle. Target should be around 2.0 and stop-loss should be around 1.2
stay away from high leverage and FOMO.
NFA & DYOR
RSRUSDT IDEAUPDATE
Broken Falling Wedge in 3D Time frame.
If holds over broken level, 150% increase in price may be seen .
Magic Stalls at Resistance: Bearish RSI, Potential Retest LoMagic is on the cusp of a critical resistance level at $1.4973. While the price recently established a new high, a potential bearish signal is emerging from the Relative Strength Index (RSI).
Technical Analysis:
Resistance: $1.4973
Support: $1.2646 (Daily: $1.2613, Monthly: $1.0208)
Relative Strength Index (RSI): Bearish Divergence (New price high, lower/same RSI level)
Volume: Recent price test at $1.4973 coincided with decent buying pressure
Key Observations:
The RSI is indicating a bearish divergence. This suggests that the uptrend momentum might be weakening despite the recent price increase.
A significant support level exists at $1.2646 if the price breaks below $1.4973. Additional support levels lie at $1.2613 (daily chart) and $1.0208 (monthly chart).
If the price manages to overcome $1.4973, the next key resistance level on the monthly chart is $1.8231.
Volume Analysis:
The recent price test at $1.4973 was accompanied by decent buying pressure, but the price ultimately faced rejection. This suggests a potential struggle for the bulls to break through this resistance zone.
Conclusion:
The bearish divergence on the RSI, coupled with the price rejection at $1.4973 despite buying pressure, increases the chances of a pullback. Traders should closely monitor the price action around this resistance level. A break above could signal further gains towards $1.8231, while a break below could lead to a decline towards $1.2646 support, with additional support at $1.2613 (daily) and $1.0208 (monthly).
This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
MAGIC will fluctuate a lotOn MAGIC, we have a diamond diametric, and it seems that we are now in the F wave of this diametric.
On the green box, it is expected that the F wave will end and we will enter the bullish G wave.
The target is a red box.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
XLMUSDT IDEAUPDATE
Moving in favor as we predicted.
Running in +10% profit so far .
COIN DETAIL
Stellar price today is $ 0.119632 with a 24-hour trading volume of $ 279.07M, market cap of $ 3.41B, and market dominance of 0.15%. The XLM price decreased -3.37% in the last 24 hours.
BNTUSDT IDEAUPDATE
Broken Falling Wedge in 3D time frame Positively.
If holds over broken level, 45-50 increase in price may be seen .
COIN DETAIL
Price of BNT today The live price of Bancor is $ 0.771131 per (BNT / USD) with a current market cap of $ 102.60M USD. 24-hour trading volume is $ 5.93M USD.
