Why is magic worthless?Does it prove that the team has been continuously selling magic, since they only control the candlestick chart during the downtrend?
MAGICUSDT trade ideas
Rising Wedge Potential for MAGICLong term buy
On weekly timeframe, reversal at play.
Rising Wedge Potential for MAGIC
Potential 800%
Magic Long-Term Higher Low Can Lead To 700% GrowthWe 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.
$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.
$MAGIC looking bullish!! RSI, MACD, Bounce from Weekly support!!Join our community and start your crypto journey today for:
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Hello everyone,
Let's analyse MAGICUSDT both fundamentally and technically.
FUNDAMENTAL ANALYSIS:
MAGIC is the essential fuel driving the Treasure Metaverse, a decentralized NFT gaming ecosystem powered by Arbitrum, a layer-2 solution on Ethereum. As a cross-game currency, MAGIC bridges various games, players, metaverses, and communities within the Web3 realm.
Beyond its utility, MAGIC is a deflationary ERC-20 token with a capped supply of 347,714,007 coins. This deflationary mechanism can potentially increase its value over time. Additionally, MAGIC holders play a vital role in governing the Treasure ecosystem through voting on key decisions.
TECHNICAL ANALYSIS:
MAGICUSDT is currently trading within a defined channel. After touching the lower support trendline, the price is showing signs of a rebound. A bullish rally towards the upper resistance level is anticipated. If the price falls back to the lower support line, a bullish wick is likely to form.
Technical indicators suggest a bullish bias:
MACD: A bullish crossover is expected on the MACD, indicating a potential uptrend.
RSI: The RSI is approaching the oversold region, suggesting a possible buying opportunity. A bullish crossover is also likely.
Support Levels:
$0.2369
Target Levels:
$0.4415
$0.7502
$1.1523
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
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
MAGICUSDT: Bullish TrendMAGIC is touch its all time strong support and now expect Magic is moved in uptrend, in previously Magic is formed LLs and LHs on 4hr time frame, and now its forming new HLs so we if u will buy in spot, u can buy on CMP and if u will go long in future u must be wait for the break of the previous LHs for the confirmation of the bullish trend.
MAGIC: Current Market Conditions and Key Levels✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the MAGIC coin in the crypto market.
🗂 About the Project: MAGIC is a cryptocurrency often associated with a broader ecosystem of blockchain and decentralized finance projects. It's known for its applications and utilities within certain networks, aiming to provide value and functionality within its ecosystem.
📊 Weekly Timeframe Analysis
In the weekly timeframe, MAGIC has experienced significant downward pressure. After peaking around the resistance levels, the price has declined sharply and is currently testing key support levels. The major resistance levels are seen at 1.4576 and 0.8891, while the crucial support levels are around 0.4476 and 0.3999.
📈 If MAGIC stabilizes above 0.4476, we may see a bullish momentum building up towards the resistance levels of 0.8891 and potentially 1.4576. Confirmation of this trend will depend on the price holding above these key levels.
📉 Conversely, if MAGIC fails to hold above 0.3999, it could signal a continuation of the bearish trend, with the next significant support level around 0.2475. Volume analysis indicates that there has been significant selling pressure, which needs to decrease for a potential reversal.
📊 Daily Timeframe Analysis
On the daily chart, MAGIC has been struggling below the 0.4364 level, showing a consistent downtrend. There is a noticeable bearish momentum, and the price has found temporary support at 0.3999.
🧲 Given the current setup, a stabilization below 0.3999 could indicate further bearish movements, potentially down to 0.2475. However, if the price moves above 0.4364, it could indicate the start of a bullish recovery, targeting higher resistance levels like 0.5634 and 0.6654.
📊 RSI Oscillator
The RSI is currently showing oversold conditions, indicating a possible opportunity for a short-term rebound. The RSI levels range between 34.34 and 29.13 across the different timeframes. A breakout from these levels could provide confirmation for opening positions.
📉 Given the current bearish signals in both the weekly and daily timeframes, alongside oversold conditions on the RSI, it is advisable to proceed with caution. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans.
⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
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 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.
#MAGIC/USDT is trying to break the Diagonal Trendline in 4-Hour #MAGIC/USDT is trying to break the Diagonal Trendline in 4-Hour TF!
OMXTSE:MAGIC needs to clear the trendline to turn bullish. Wait for BO/retest to long it. The local resistance level is PML $0.5265, and the support level is PWL $0.405.
Magic go upThe medium-term upward trend has started, the first target will be around the price of $5
You will miss the uptrend if you are not patient
#MAGICUSDT#MAGICUSDT
OMXTSE:MAGIC
Expecting some bullish continuation from the POI below at $0.8743, will be targeting the high at $1.10118
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launching pad ?This is one of those patterns of energy aggregation that
can be a good launching pad for the currency if its ceiling is broken
For now, we are waiting until the roof breaks
MAGIC NEW INCREASE VOLUMEIn the new data, magic shows interesting views and patterns for volume increase.
We will follow the trend to see if it's able to break in the coming time frames
MAGIC returns to be madeOn the above daily chart price action has corrected 80%. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Support and resistance. Look left. See where price action is now testing for support?
3) The bull flag breakout + back test. The flagpole measures a 300% return.
Is it possible for price action to correct further? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: <6%
Timeframe for long: Hours, yes you read that correct.
Return: 300%
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.
