SPELL TOKEN spellbtc pair divergence in 4H spellusdtSPELL TOKEN spellbtc pair divergence in 4H spellusdt
Spelltoken
SPELL - approaching stronger buy zonesSPELL is down almost 20% since it breakout to the down side.
BTC initiate current selloff on market, as usual. SPX is also down, retesting previous breakout level.
My next buy orders are at green boxes at 0.5 and 0.618 Fib. retracement. I already bought some smaller allocation.
If BTC closes under 42k we might see some massive selloff on market.
SPELL TOKEN is preparing for a 3X jump Expected 0.06 b4 a breakSPELL TOKEN is preparing for a 3X jump Expected 0.06 b4 a break
SPELL - in rectangle consolidationIt looks like SPELL is inside rectangle consolidation with strong buy at 0.0215$ and sell above 0.0262$.
Bullish:
- strong buy at support zone (nice wick festival here) ✅
- Stoch RSI on 12h and lower time frame ✅
- nice fakeout wick which is bought up quickly ✅
Bearish:
- RSI breakout ❌
- Stoch RSI on D, 3D ❌
Check previous SPELL analysis before breakout:
Spell Token - Promising token at uptrend channelWith an excellent performance in the last days, I decided to buy Spell Token again.
The price is moving within a bullish channel and has a lot of space to rise in the medium term, I made a small purchase and intend to buy more when I am at a better buying point.
You can learn more about the project here:
Website: abracadabra.money
Including lending spells to do staking or farming.
Entry: 0.0286
Stop: 0.0215 (25%)
Initial target: 0.0389 (35%)
Token Spell is mainly traded on FTX and Sushi DEX.
