Treasure (MAGIC): Inverted hammer & Doji

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Treasure (MAGIC): Inverted hammer & DojiMAGIC / TetherUSBINANCE:MAGICUSDTMasterAnandaLast week MAGICUSDT did an inverted hammer, this week again but an even bigger one. Perfectly at the bottom of a trend. This candle can signal an upcoming reversal. It has high-rising volume as well. The 2-Feb week, which has the 6-Feb low, produced a Doji. The Doji here reveals indecision. The downtrend becomes doubtful, the market doesn't feel certain anymore. "Should I continue lower or should I change course?" That's the question the market is asking itself with the Doji in early Feb. This same Doji was the lowest price in two months and now we have the two inverted hammers I just mentioned. One green week next week and we have a reversal confirmation. That's candlestick reading my friend, it points toward a change of trend. Namaste.