Oh oh it’s magic, you know… never believe it’s not soSpell is a new one for me but the probability looks decent. We’re seeing a push to the upside with 18% gains in 24hour.
Keeping an eye on the $0.0009 mark next stop $0.001 pretty intense stuff if this moves to 1/10th of a penny, but we will see how the market moves, currently volume is picking up and decreasing volume is still moving upwards so all is looking good, keep in mind it’s good for a few % scalps or heavy pullback can occur.
Good luck and have fun with it
Spell
SPELL#SPELL/USDT
HTF, like all alts at the moment, the coin looks bullish
Locally, there is strong resistance at the level of $0.0006992, where it is very important to see the consolidation by the Daily candle, then the coin will be able to quickly continue to grow to the next values on the chart..
If the coin does not close above $0.0006992, then there will most likely be another test of the lower levels
#SPELL/USDT 1D (ByBit) Faling wedge breakout and retestSpell Token regained 50MA support and is pulling back to demand zone where a bounce towards 200MA resistance seems likely.
⚡️⚡️ #SPELL/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (2.5X)
Amount: 5.1%
Current Price:
0.000433
Entry Zone:
0.000434 - 0.000406
Take-Profit Targets:
1) 0.000499
1) 0.000558
1) 0.000617
Stop Targets:
1) 0.000354
Published By: @Zblaba
$SPELL BYBIT:SPELLUSDT.P #SpellToken #MIM abracadabra.money
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +47.0% | +82.1% | +117.3%
Possible Loss= -39.3%
Estimated Gaintime= 3-9 weeks
SPELL is still bullish (1D TF)The SPELL symbol has been bullish for a few days now.
By examining the waves, we found that SPELL is inside a large diametric.
Recent highs are for the ascending F branch of this diametric.
In the red box, we expect this symbol to go down and enter the G branch.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Defi Token Pump $spell hasn't pumped.Defi Token Pump $spell hasn't pumped.
Falling Wedge
The falling wedge can either be a reversal or continuation signal.
As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.
As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern.
In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows.
Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows.
If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips!
A good upside target would be the height of the wedge formation.
SPELL - The Bullish Play SPELL has had relative strength lately and I feel nobody really noticed. Unless you zoom in down to current PA, it won't look like it has done much recently.
That is not the case, SPELL has:
- Broken out of two resistances (indicated in "breakout" and "s/r")
- Flipped a key S/R level into support, thus breaking bearish market structure
- Is developing a descending wedge (typically bullish)
- Trading inside the current mid-range, not having broken the EQ as support, yet
I try to ignore all those nasty wicks as random deviations, sometimes they can be helpful but I mainly try to stick to the candles for my key levels.
If the market continues to see strength here, I imagine something like this playing out imo. A break below mid range and fakeout of the descending wedge to the bottom band of the range where our bullish order block remains, then a bounce and I'd target at least the upper band of the range and potential breakout if this rally is to continue.
Just an idea, invalidated on a break below range low (bullish OB).
Cheers!