SPELL long$SPELL broke through the descending trendline and also through the resistance level. Bullish movement to resistance level at 0.038 is possible.
SPELLUSD trade ideas
Bullish breakout on $SPELLRSI &BBands also breaking to the upside. Good momentum on a key "defi 2.0" play.
SPELLUSD#occupydefi
#frognation
#btfd
#mim
#futureoffinance
prbly the best buy opp on one of the newest culturecoins// fundamentalwizardry
since the ftx listing nuke
pre major exchanges it didnt dump at all i think...
might continue its mcap mission from here given the marketwide pullback appears to be easing
breakout of trendline
see how we go..
SPELL: Dubiously speculating on a potential movement patternThe chart is pretty self-explaining. Since there have been exactly 2 instances of this pattern, I'll say it's highly questionable that we will see something this close again - but I'll keep an eye on it nonetheless :)
SPELL long#Spell bounced off the support level and the lower boundary of an ascending channel. Upward movement inside channel will likely continue to new high at 0.0421$
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.
maximum pain support do the thing plswant .019 - .02 to hold, hopefully
idk what the character limit is, aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
SPELL: Dubious speculation part 2. This time with added Fibs.Added Fibs to the phases. Turns out that the pivots of the first 2 Phases actually align pretty well with each other with respect to the fib levels they happen at.
long SPELL#SPELL is experiencing the pullback after the attempt to broke through the #ATH failed. The descending movement met support at the previous resistance level. The asset also reached the mid-term bullish trendline and is bouncing off that. If the trendline holds we are expecting to see the continuation of an ascending trend up to resistance level at 0.027$
Spell Potential Run upLooking for Spell to breka out to the upside to 4 cents around the end of October
$SPELL bullish or?$SPELL broke out the pitchfork p3 sub3 zone and seeking to test the p1 line.
This is a bullish setup for $SPELL as we can expect $0.023 ~ a new ATH perhaps.
Let's see how the bulls react on p1 line as it may be more interesting if we see a breakout
Keep an eye on it
DogebtcGuess at october monthly close
See how we go..
450sats to confirm bullish trend reversal for me :)
SPELL - Local Pattern - Bull Flag?Just a quick chart for a friend, it looks like a possible bull flag forming in the $.018 range.
The 20 and 50 EMAs are acting as support for the bullish rally over the 15th and 16th of October. I marked other local levels on the 2h chart; I'd include more history but the FTX chart was the only USD pair I could find and it's data only goes back a week.
Looking at price volume, the trend extended above the value area recently, but is flirting with a return back inside as the RSI continues to cool off. If SPELL closes inside the value area, reference the MACD for confirmation of short term bearish sentiment, it will post a bearish cross and a local correction that might follow to the support level noted.
But for the bulls, if we reference the the MACD histogram you see a waning but bullish trend; if the price finds support in the $0.018 range (possibly wick into upper 0.017 range), we could see a third bullish rally in SPELL's current pattern that would correspond to the bull flag currently on the chart. My target for such a breakout is starting around $0.022. I'd look for a healthy corrective pattern to follow after such a breakout.
Alternatively, if SPELL fails to break bullish from this flag and enters a bearish pattern- other support levels are noted on the chart but I'd look at $0.0138 as the likely lowest/worst case scenario for a correction, if the confluence of local value range, the 20, 50 EMAs and the point of control fail to support SPELL.
