$MAGIC was 0.1293 nine hours ago, when I said my 0.1191 line was holding. It is 0.1189 now, down 8% since that post, and sitting almost exactly on that line, a hair under it.
So I have to be careful how I read this. My rule was that holding above 0.1191 keeps the recovery alive. At 0.1189 it is not above, but the gap is 0.02%, which is noise. Neither side has won yet, and I would rather say that than pretend the call was clearly right or wrong.
The other numbers lean weaker than last time. Hourly RSI is 43.2, under 50 for the first time in my last few posts on this coin. Volume is 36.9 million dollars, 2 times the weekly average, so traders are still active, but the price is not getting a lift from it. BTC is up 0.85% and Fear & Greed is 69, so the market is not the problem here.
Price is also 27.5% under the 0.1639 weekly high. That gap keeps getting wider.
What I need now is a clean close away from 0.1191. Back above 0.125 would put the recovery back on. A drop under 0.11 would end it, and I would treat MAGIC's run as finished, this time for real.
#TreasureDAO #MAGIC
So I have to be careful how I read this. My rule was that holding above 0.1191 keeps the recovery alive. At 0.1189 it is not above, but the gap is 0.02%, which is noise. Neither side has won yet, and I would rather say that than pretend the call was clearly right or wrong.
The other numbers lean weaker than last time. Hourly RSI is 43.2, under 50 for the first time in my last few posts on this coin. Volume is 36.9 million dollars, 2 times the weekly average, so traders are still active, but the price is not getting a lift from it. BTC is up 0.85% and Fear & Greed is 69, so the market is not the problem here.
Price is also 27.5% under the 0.1639 weekly high. That gap keeps getting wider.
What I need now is a clean close away from 0.1191. Back above 0.125 would put the recovery back on. A drop under 0.11 would end it, and I would treat MAGIC's run as finished, this time for real.
#TreasureDAO #MAGIC