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Spell

$SPELL token potential loading area for a reversal...$SPELL token is an interesting DeFi project that has landed on almost every major exchange in a short amount of time. Binance just announced listing too in late December. The chart doesn't have much history but from what we can see this area looks like prior support which will create a higher low and new base if it turns. We can also see this is the spot it has turned every time using RSI as the key indicator. I would assume this is the sweet spot for programmed Algos to flip to the buy switch. Let's see how this plays out. Lots of movement so a great one to trade.
FTX:SPELLUSDLong
by TheKitchenTrader
5
sell spell .013 would be generous their is also a possibility that this short is premature and spell will touch .029 before it goes back down. If it will touch .029 it will happen soon. Do what you would like, short long buy sell. I don't care. I just had to type jargon so that I would be able to publish my idea. Entry point for me would be around .016 but only if i get to dump my ddx beforehand and somehow the timing just lucks out perfectly. DDX is a good investment so is Spell. But my timing could have been worse. 🐻💸
COINBASE:SPELLUSDShort
by TeddyBands
2
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