MAGIC ~ 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.
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
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
MAGICUSDT (1D Chart) Technical analysis MAGICUSDT (1D Chart) Currently trading at $0.594 Buy level: Above $0.595 Stop loss: Below $0.5 TP1: $0.65 TP2: $0.75 TP3: $0.88 TP4: $1 Max Leverage 3x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
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...
This script shows high probability of bullishness at 1H TF. No divergence found.