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Abracadabra

The Magic $Spell decision line. MAKE OR BREAK?COINBASE:SPELLUSD token has been what I can call the gem hidden in plain sight, they are non-US based liquidity platform. They battle through so much including the war in Ukraine, which is obviously still on going. At one point they have over SEED_TVCODER77_ETHBTCDATA:1B in TVL, the team has never waived the white flag and pressed on to deliver everything they can to the community that has instilled so much trust, Romi is a master of his craft. If you believe in the founders of something, you better invest with them. I love $spell and its future. Looking at the chart here, you see that anytime it has hung around this line, it's made a decision to go up or down. Based on its recent bullish signal and reversal based on the bottom arrow, I see Spell headed back up to where it belongs, respected with the rest of the crypto community for what they provide.
COINBASE:SPELLUSDLong
by JohnnyPS
November 29 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to Glassnode, digital asset investment products saw outflows totalling US$23m in a continuation of the negative sentiment seen the previous week. Bitcoin is up 0.95% over the last 24 hours and rose to an intraday high of $16,386.66. The downsloping 20-day EMA ($16,895) and the relative strength index (RSI) in the negative territory indicate that bears are in command. If the BTC/USDT pair drops below the $16,000 price level, the sellers will try to pull the price to the crucial support at $15,476. Today’s Cryptocurrency Headline Abracadabra Calls On Sushi For Emergency Assistance Abracadabra, the issuer of the algorithmic stablecoin MIM, revealed that the crypto assets worth 10 million US dollars are at risk due to the faulty oracle. It has submitted an urgent proposal to the Sushi Governance Forum, asking the Sushi team to increase interest rates for two Bento vault ‘cauldrons’ holding $10M worth of cvxRenCrv and yvcrvstETH tokens. Abracadabra’s lending infrastructure is built on top of Sushi’s Bentobox protocol, meaning that interest rate changes must be approved by the multi-signature contract that controls Bentobox. Abracadabra said that both tokens are not used in any way on SushiSwap, with cvxRenCrv comprising a token wrapper specifically made for Abracadabra, while yvcrvstETH is an interest-bearing token issued by yield aggregator Yearn Finance. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
SPELL predictionAfter an aggressive selloff that brought SPELL to sharply to $0.006 in early December, SPELL was able to recover again, and started a new uptrend. In the second wave, the current trend was able to break its downtrend line and reached today the 0.382 Fib level. Now the price has been rejected in that area. Moreover, the Stochastic is also oversold on the daily TF and we will probably have a bearish cross on the stochastic in the next hour. Last 2 times that happened, on 3.11 and 9.12, SPELL had experienced a strong move down. Considering SPELL is up 350% in the last 3 weeks, we can expect a pullback to happen. We can expect a pullback near the $0.019 area. From there, if the support holds, we might see a bounce again. If the support fails, $0.014 zone is the next support.
FTX:SPELLUSDShort
by CryptoKoryoDefi
1
SPELL - a young project of high expectations listed everywhereAbracadabra.money is a lending platform that allows users to borrow funds using Interest Bearing Tokens as collateral. SPELL is its token, used for incentivaztion as well as voting right when staked. There is not much TA to do on this chart. I'm posting it because I watched it last month and forgot about it until I see Coinbase Pro listing announcement. I didn't buy it on time but I want to do it now even more since it dropped heavily like all crypto market. On market since August. Already 1 Billion M.Cap. Listed on: FTX, Poloniex, ByBit, Coinbase Pro (today announced), a lot of DEX. Binance and others are just matter of time. I will be very happy if I manage to get it at 0.10$. 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.
FTX:SPELLUSDLong
by Philippe_0x
6