Magic | Candle Size & Chart Structure (380% Potential)

13 set 2024

We looked at this signal recently, the candle size.

Notice how the candles are really big as prices grow, late 2023/early 2024.
Then notice how the candles start to become smaller and smaller reaching present day, and price action goes flat.

Price action on the decline at first is very steep, then it starts to curve and finally goes flat.
The logic progression points toward a full reversal and instead of lower we see prices start rising. I think that is exactly what we will get.

👉 MAGIC is now turning bullish and looking to grow.

👉 We have some easy targets, 80% and even 233% seems easy on this chart.
👉 380% can take longer but still do-able within months.

It is all very simple; buy and hold.
Patience is key —the market will take care of the rest.
When prices are up, do not remain watching, sell and look for the next trade.

Namaste.

20 ott 2024

Trade attivo

We have a bullish breakout after two months of consolidation.
What naturally follows consolidation is growth.