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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SPELLUSD
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
Spell big bull comingCross the pink line great time to watch for a big runner up. Stable resistant at the .006 this coin did a run today to the .008. Big investors locking up the coin before taking off. Great target $.03-$.10 This coin is similar to doge coin with 3x less amount of coins. Very high % of pulling to the up side. MACD is crossing, RSI did a over sold to the 16 rsi.
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Been doing crpto analysis for over 9 years
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 - in rectangle consolidationIt looks like SPELL is inside rectangle consolidation with strong buy at 0.0215$ and sell above 0.0262$.
Bullish:
- strong buy at support zone (nice wick festival here) ✅
- Stoch RSI on 12h and lower time frame ✅
- nice fakeout wick which is bought up quickly ✅
Bearish:
- RSI breakout ❌
- Stoch RSI on D, 3D ❌
Check previous SPELL analysis before breakout:
SPELL - a young project of high expectations listed everywhereAbracadabra.money is a lending platform that allows users to borrow funds using Interest Bearing Tokens as collateral.
SPELL is its token, used for incentivaztion as well as voting right when staked.
There is not much TA to do on this chart. I'm posting it because I watched it last month and forgot about it until I see Coinbase Pro listing announcement.
I didn't buy it on time but I want to do it now even more since it dropped heavily like all crypto market.
On market since August. Already 1 Billion M.Cap.
Listed on: FTX, Poloniex, ByBit, Coinbase Pro (today announced), a lot of DEX. Binance and others are just matter of time.
I will be very happy if I manage to get it at 0.10$. 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.
SPELLUSD#occupydefi
#frognation
#btfd
#mim
#futureoffinance
prbly the best buy opp on one of the newest culturecoins// fundamentalwizardry
since the ftx listing nuke
pre major exchanges it didnt dump at all i think...
might continue its mcap mission from here given the marketwide pullback appears to be easing
breakout of trendline
see how we go..
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.