📊 $MAGIC / $BTC – 30M Technical Analysis (Binance)
🔹 Momentum Indicators:
RSI: 58.00 → Neutral-bullish (room to move higher)
Stoch K: 54.00 → Mid-range, potential for upward continuation
MFI: 82.00 ❇️ → Strong buying pressure (near overbought zone)
CCI: 80.00 → Bullish momentum building
Williams %R: -42.00 → Neutral zone, not yet overbought
🔹 Trend Indicators:
EMA (10, 25, 50, 100, 200): All bullish ❇️
SMA (10, 25, 50, 100, 200): All bullish ❇️
🔸 Clear indication of a strong uptrend.
🔹 Trend Strength & Direction:
ADX: 28.21 ⚪ → Trend is forming but not extremely strong yet
+DI > -DI: Bullish ✅
MACD: Bullish crossover ON ❇️
Parabolic SAR: Bullish ❇️
---
📈 Conclusion:
$MAGIC/BTC is showing solid bullish momentum on the 30-minute chart. With all moving averages aligned upward, a MACD crossover, and a bullish Parabolic SAR, the current trend favors buyers.
However, the MFI near 82 suggests buying pressure is getting intense — watch for pullbacks or short-term exhaustion.
✅ Trend: Bullish
⚠️ Caution: Overbought signs emerging (MFI)