MAGIC (OKX: MAGICUSDT) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com(log scale))
Elliott Wave Analysis
In Elliott Wave terms, MAGIC began a red wave one advance on June 30. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on August 11 and the red wave two (blue sub-waves a-b-c) correction ended on September 16. If this wave count is correct, MAGIC should be heading next towards the August 11 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Treasure is a decentralized network of games and communities connected through imagination, MAGIC, and NFTs. Crypto News Today reviewed the project two months ago.
(Sources: https://treasure.lol/)
How Will MAGIC Trade?
MAGIC (OKX: MAGICUSDT) daily chart by Tradingview.
(Chart courtesy of Tradingview.com(log scale))
Prizes
I will be giving upvotes to the correct answers (posts only).
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
MAGIC will takeout the August 11 peak
MAGIC will drop below the June 30 low
MAGIC will stay in a trading range between the June 30 low and the August 11 peak until December 3