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MAGICUSD trade ideas

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
CRYPTO:MAGICUSD
by behdark
1
MAGICUSD Nearing August Resistance, may be last buy opportunityThe Magic token (MAGICUSD) is living up to its name and is rising aggressively within a Channel Up. That pattern was formed after it made a Double Bottom on November 09 2022. It has turned the 1D MA50 (blue trend-line) into Support, which was successfully tested but right now is approaching the first important Resistance of this uptrend, nearing the 1.6100 level (August 10 High). A pull-back there to re-test the 1D MA50 could be the last buy opportunity before the 3.500 - 4.200 range, which is Resistance 2 (and April 02 High). We can determine price highs when the 1D RSI forms Lower Highs (Bearish Divergence), in contrast to the price's Higher Highs. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:MAGICUSD
by TradingShot
4