Abracadabra.money is a lending platform that allows users to borrow funds using Interest Bearing Tokens as collateral.
SPELL is its token, used for incentivaztion as well as voting right when staked.
There is not much TA to do on this chart. I'm posting it because I watched it last month and forgot about it until I see Coinbase Pro listing announcement.
I didn't buy it on time but I want to do it now even more since it dropped heavily like all crypto market.
On market since August. Already 1 Billion M.Cap.
Listed on: FTX, Poloniex, ByBit, Coinbase Pro (today announced), a lot of DEX. Binance and others are just matter of time.
I will be very happy if I manage to get it at 0.10$. If it breaks 0.14-0.15$ resistance and turn it into support, I will add my 0.10$ allocation if it don't retrace to it before.
0.195$ level and Anchored VWAP I see as some kind of resistance but once momentum kicks in I don't thinks they will cause any problem.
It sounds like little FOMO and 1 Billion M.Cap is a lot for few months old project, but I'm ready to take that risk here.
SPELL is its token, used for incentivaztion as well as voting right when staked.
There is not much TA to do on this chart. I'm posting it because I watched it last month and forgot about it until I see Coinbase Pro listing announcement.
I didn't buy it on time but I want to do it now even more since it dropped heavily like all crypto market.
On market since August. Already 1 Billion M.Cap.
Listed on: FTX, Poloniex, ByBit, Coinbase Pro (today announced), a lot of DEX. Binance and others are just matter of time.
I will be very happy if I manage to get it at 0.10$. If it breaks 0.14-0.15$ resistance and turn it into support, I will add my 0.10$ allocation if it don't retrace to it before.
0.195$ level and Anchored VWAP I see as some kind of resistance but once momentum kicks in I don't thinks they will cause any problem.
It sounds like little FOMO and 1 Billion M.Cap is a lot for few months old project, but I'm ready to take that risk here.
Note
Spell doesn't seem to be planning to slow down. Huge volume increase, once 0.02$ is turned into support ATH will come fast!Note
Just bought some more and set more buy orders at approx. 0.014 $ and 0.010 $Note
It looks like SPELL planning to test 0.020$ level again
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.