#MAGIC broke above the resistance!#MAGIC
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We have a bounce from the lower boundary of the descending channel. This support is at 0.1160.
We have a downtrend on the RSI indicator that is about t
MAGIC broke above the resistance!MAGIC has broken above the daily resistance and is now gearing up for a potential bullish move.
Strategy:
~ Entry: $0.15 to CMP.
~ Trade Period: Short-term.
~ Trade Type: Spot/2x-3x leverage.
~ Target: 50%-60%.
Note: Always do your own research and analysis before investing.
Regards,
Dexter.
#MAGIC/USDT#MAGIC
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move with a breakout.
We have a support
MAGIC/USDT (2nd update)Key Level Zone: 0.1300 - 0.1330
LMT v2.0 detected.
The setup looks promising—price previously trended upward with rising volume and momentum, then retested this zone cleanly. This presents an excellent reward-to-risk opportunity if momentum continues to align.
Introducing LMT (Levels & Momentum Tr
MAGIC/USDTKey Level Zone: 0.1520 - 0.1550
LMT v2.0 detected.
The setup looks promising—price previously trended upward with rising volume and momentum, then retested this zone cleanly. This presents an excellent reward-to-risk opportunity if momentum continues to align.
Introducing LMT (Levels & Momentum Tr
#MAGIC/USDT#MAGIC
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator, which supports the upward move by breaking it upward.
We have a
MAGICUSDT Forming Falling WedgeMAGICUSDT is currently showing a highly promising technical setup with the formation of a falling wedge pattern, a historically reliable bullish reversal signal. This pattern, defined by converging trendlines sloping downward, typically signals a pause in a larger bullish trend and sets the stage fo
$MAGIC broke out!After weeks of grinding inside a falling channel, OMXTSE:MAGIC finally broke out with a sharp 20% move!
- Channel breakout confirmed
- Price reclaimed the support zone around $0.145
- Resistance zone ahead: $0.185–$0.20
Now it’s all about momentum. If bulls hold above the breakout area, we could
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.