SPELLUSD
#SPELL/USDT#SPELL
The price is moving in a descending channel on the 12-hour frame, about to break upward
With a strong support area in green at 0.0007000, the price has already bounced from it
We have a trend to touch the Moving Average 100
We also have a downtrend on the RSI that has been breached upward
A moderate rise is expected over 3 levels
Entry price is 0.0008440
The first goal is 0.0009613
The second goal is 0.001150
The third goal is 0.001274
SPELL Token --- Potential for a Inverse head & shoulders to formDCA buying in the right shoulder area
could be prove to be fruitful
when we get out general Altcoin rally
The investment thesis is quite simple
people will see that Fantom might be trading at a $1.50 soon enough
And think damn , I missed a 10X
what can I buy in the fantom the ecosystem to catch up that 10X
So they venture further down the risk spectrum
And find spell, spookyswap, tomb etc
You get the idea don't you
It's the same with people seeing BTC trade at 80K and thinking damn I missed that train what else can I buy???
#SPELL/USDT#SPELL
The descending triangle has been broken since July 2023
The downtrend was retested again before completing the rise.
The first goal is 0.000800.
The second goal is 0.001070.
A correction is expected after the first goal.
This bullishness is supported by oversold conditions on the MACD.
It is also supported by a moving average of 100 upwards.
SPELLUSDT Descending ChannelSPELLUSDT Technical analysis update
SPELL price exceeded the resistance line of a descending channel pattern on the day chart, accompanied by high volume. While this could indicate potential upward movement in the coming days
Buy level: Below $0.00070
Stop loss : $0.00057
Regards
Hexa
SPELL ANALYSIS (1D)SPELL tends to end the G wave of this diametric. If this diametric is finished, upward movements of the SPELL will begin.
It can be pumped by maintaining the green range. Two TPs are marked on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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 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
SPELL USDT BREAK OUT CONFRIMATIONI think area retrace at 0.00176-0.0186 $
and correction break down to 0.00095-0.00096$
and you can all in buy hold till 0.011$ TP all and rich
Trading Signal For SPELLUSDT SpellTokenTrading Setup:
There is a Trading Signal to Buy in SPELLUSDT SpellToken
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.0012712
⭕️SL @ 0.0010511
🔵TP1 @ 0.0018517
🔵TP2 @ 0.0026240
🔵TP3 @ 0.0035550
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments .
SPELLUSD strong bullish break-outThe Spell token (SPELLUSD) has recently broken above the Channel Down pattern that it's been trading in since December 27 2021. Yesterday it made another big bullish break-out as it broke above the 1D MA100 (green trend-line) for the first time. Ideally we would like to see a 1D candle close above it and the 0.382 Fibonacci retracement level as well but with the 1D MACD invalidating a Bearish Cross that was previously seen on the Channel's Lower Highs, we expect this to be the decisive move to start a long-term bullish trend. We are targeting the 1D MA200 (orange trend-line) on the short-term.
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OCCUPYDEFI-SPELLUSDTnot sure if this things still active dev since the wonderland fiasco
but its technically managed -97.58% from ftx listing
with potential for 2000% if we ever return to speculative euphoria// if totalcap actually upgrades and this things memepotential #frognation #occupydefi ever kicks back into gear then over 2000% from here as itll likely see aths in that case
dyor just noticed the potential for obv breakup
bottoming out vs eth will post chart
and breaking above 20ema for the 1st time since 465% ago
early signs of a reversal pattern? or exit bounce time? u decide :)
gonna have a look at the discord too see if anythings been announced..
if active dev kicks in from here and btc is actually bottoming out this would be a godlvl buy opp on one of the most marketable coins in the space