Important resistance blocking the way to the ascent...Hello friends
Well, we have a downtrend, and you can see that we have drawn a resistance for it, and the price has hit this resistance twice.
After the second hit, the price has fallen to the specified support area, and in that area a double bottom pattern has formed, and the price has been supported. Now, considering the support in this price area, we need to see if the buyers can break the specified resistance or not?
If the resistance is broken, the price can move up to the two specified areas, but if the price falls, we need to see if the support that once supported the price and caused the price to grow can support it again or not?
So, follow capital and risk management
*Trade safely with us*
Magicpoopcannon
MAGIC/USDT 4H Analysis !!
MAGIC is currently trading at $0.2376, showing a falling wedge structure with RSI breakout confirmation.
📊 Chart Overview:
Falling Wedge Pattern
The price is consolidating between a lower high and a higher low.
If it breaks to the upside, it is a bullish reversal pattern.
Support Area
Strong support (trendline support) near $0.22–0.225.
As long as this level holds, downside looks limited.
RSI Indicator
RSI = 52.64, above its MA (46.96).
RSI broke its downtrend line → early sign of bullish momentum building.
Moving Average (MA 25)
The price is slightly above the moving average (0.2324), which is a sign of short-term correction.
DYOR | NFA
#MAGIC/USDT Reversal in MAGICUSDT Accumulation Zone in Focus !#MAGIC
The price is moving within an ascending channel on the 1-hour frame, adhering well to it, and is on its way to breaking strongly upwards and retesting it.
We have support from the lower boundary of the ascending channel, at 0.2419.
We have a downtrend on the RSI indicator that is about to break and retest, supporting the upside.
There is a major support area in green at 0.2390, which represents a strong basis for the upside.
Don't forget a simple thing: ease and capital.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
We have a trend to hold above the 100 Moving Average.
Entry price: 0.2445.
First target: 0.2520.
Second target: 0.2605.
Third target: 0.2718.
Don't forget a simple thing: ease and capital.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
#MAGIC/USDT Reversal in MAGICUSDT Accumulation Zone in Focus !#MAGIC
The price is moving within an ascending channel on the 1-hour frame, adhering well to it, and is on its way to breaking strongly upwards and retesting it.
We have support from the lower boundary of the ascending channel, at 0.2630.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upside.
There is a major support area in green at 0.2565, which represents a strong basis for the upside.
Don't forget a simple thing: ease and capital.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
We have a trend to hold above the 100 Moving Average.
Entry price: 0.2690.
First target: 0.2865.
Second target: 0.3013.
Third target: 0.3196.
Don't forget a simple thing: ease and capital.
When you reach your first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
#MAGIC/USDT Falling Wedge + Fib Confluence #MAGIC
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking strongly upwards and retesting it.
We have support from the lower boundary of the descending channel at 0.1620.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upside.
There is a major support area in green at 0.1662, which represents a strong basis for the upside.
Don't forget a simple thing: ease and capital.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
We have a trend to hold above the 100 Moving Average.
Entry price: 0.1780.
First target: 0.1827.
Second target: 0.1905.
Third target: 0.1962.
Don't forget a simple thing: ease and capital.
When you reach your first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
#MAGIC/USDT#MAGIC
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.
We have a bounce from the lower boundary of the descending channel, this support at 0.
We have a downtrend on the RSI indicator that is about to break and retest, supporting the upside.
There is a major support area in green at 0.1670, which represents a strong basis for the upside.
Don't forget a simple thing: ease and capital.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
We have a trend to hold above the 100 Moving Average.
Entry price: 0.1700
First target: 0.1780
Second target: 0.1872
Third target: 0.1980
Don't forget a simple thing: ease and capital.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
#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 to be broken and retested, supporting the upside.
There is a major support area in green at 0.1143, which represents a strong basis for the upside.
Don't forget a simple thing: ease and capital.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
We have a trend to hold above the 100 Moving Average.
Entry price: 0.1181
First target: 0.1210
Second target: 0.1239
Third target: 0.1293
Don't forget a simple thing: ease and capital.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
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BTCUSD
Creative analysis for fun..
What should I name it?? give your suggestions
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XRPUSD
The price was contracting between two trendline and was forming a wedge shaped structure, and price has been supported by the lower trendline of the structure, price managed to make a breakout to the upper side and price hitted 1st target, if price continues to hold above the support I expect the price to move higher
Previous analysis
Regards
Stargazer_fx
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The price has been moving in an ascending channel and now price is showing rejection , If price manages to break below the channel then after a retest of the channel, I expect price to fall towards the support.
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
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The price has been moving in an ascending channel and now price is showing rejection from the upper trendline of the asc. channel , I expect price will make a correction towards 1.20000 level(support structure)..
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
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USDCAD
Previously the descending trendline has been acting as a strong support for the price, I expect the price to bounce on the 3rd touch of the trendline for 200 pips
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GOLD(XAUUSD)
GOLD_XAUUSD broke above a strong Resistance structure yesterday with a high momentum Bullish candle.
the key Resistance levels to pay attentions were as follows:
Resistance 1 - $_1,898
Resistance 2 - $_1,931
Resistance 3 - $_1,966
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GBPUSD
The price is approaching strong resistance structure and is moving in a rising wedge shaped structure, I expect the price to move lower for 370 pips.
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AUDUSD
the price is back below support/resistance structure and price has been moving in a rising wedge shaped structure, If price manages to break below the wedge structure, I expect the price to move lower for 190 pips.
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USDCHF
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EURUSD
The price has been moving in an ascending channel and now price is showing rejection from the upper trendline of the asc. channel , I expect price will make a correction towards 1.20000 level(support structure)..
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
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The price has been moving in an ascending channel and now price is showing rejection from the upper trendline of the asc. channel , I expect price will make a correction towards 1.20000 level(support structure)..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
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EURJPY
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions