Technical analysis by EagleBat about Symbol MAGIC: Buy recommendation (11/18/2024)

The graph was very colorful but also very nice to understand. Each coin has its own movement and money markets consist of cycles. It previously broke the falling diagonal channel and held on the resistance in the red band range and went to the upper band of the dark channel. Now it is trying to break the diagonal resistance again. If it can stay above 0.45, its way is open until the red resistance band. If it breaks the red band and holds on above it, we will meet 1 dollar in contact with the dark channel. Then we will see when it gets there again. If I buy before seeing a close above 0.45, I will be fooled. I will buy when the diagonal and the resistance in front of it turn into support. This is an educational note for myself. It is not a buy, sell, hold advice to anyone. Those who listen to me will lose.