202402 - SPELL W chart/LongLong
Break W resistance zone + huge volume
Suppose will pumping more in next 1 or 2 weeks
Buy & hold
SPELLUSDT trade ideas
SPELL/USDT Potential Continue the Upward after perfect breakout!💎 SPELL has recently demonstrated notable market dynamics, breaking significantly out of the descending channel pattern.
💎 Currently, it is consolidating sideways on the demand zone, previously the supply area. There's probability for the price to bounce from this demand zone and resume its upward movement, with the next target being the bearish OB area.
💎 However, if SPELL fails to bounce and breaks down below the demand zone, the price may retreat to the Bullish OB area around the 0.00464 level, seeking new momentum for a bounce.
💎 Historically, the Bullish OB area has proven to be significant, consistently prompting substantial bounces when tested. However, should this area break down, confirming bearish momentum, the price could continue its downward trajectory, potentially reaching lower levels.
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SPELLUSDTSPELLUSDT
Technical Analysis:
The SpellUSDT pair is currently exhibiting signs of strength, with indicators suggesting a potential breakout above its resistance levels. This breakout could potentially result in a substantial price increase, estimated to be around 15% according to recent analysis.
Trade Recommendation:
Given the favorable technical setup and the potential for significant gains, traders may consider entering a spot trade for SpellUSDT at the current market price. However, it's important for traders to conduct their own research and risk assessment before making any trading decisions.
#SPELLUSDT (Watchlist) 2-2024
#SPELLUSDT between $0.00056 and $0.00051 could present a good entry point with a tight stop loss.
Keep an eye on its performance around $0.00072, which is currently a key level for a breakout.
SPELLUSDT is the trading pair for Abracadabra. money's Spell Token (SPELL) and Tether (USDT) stablecoin on cryptocurrency exchanges.
SPELL is the governance token for the Abracadabra.money platform, a DeFi lending protocol specializing in leveraged yield farming.
Consider for Watchlist:
When we recommend adding a coin to your watchlist, it's typically due to forming a pattern, nearing a historical bottom, or approaching a strong support level. It may also show increased trading volume, reversal candles, or be in an accumulation stage. While we haven't observed a bullish reaction yet, we advise monitoring it until an optimal entry point emerges.
PS:
We avoid trading coins associated with gambling, prostitution, human trafficking, etc.
Note:
This is not financial advice but an analysis of coin movements. Conduct your own research and practice risk management before making any investment decisions. Remember, the cryptocurrency market carries significant volatility and risks.
Best wishes to all,
we ask Allah reconcile and repay. 🙏
Spell Lights the Path: Get In on the Buy Action Today!"## SPELL Coin: Short Fundamentals, Recent News, and Disclaimer
**Fundamentals:**
* **Spell Token (SPELL):** Governance token of the Abracadabra.money platform.
* **Launched:** July 2021.
* **Market Cap:** ~$44 million (as of Feb 23, 2024).
* **Rank:** #1,347 on CoinGecko.
* **Unique Features:**
* **Spell allows users to leverage magic internet money (MIM) stablecoin.**
* **MIM is backed by interest-bearing crypto assets.**
* **SPELL holders vote on proposals regarding platform upgrades and fee structures.**
**Recent News:**
* **Jan 31, 2024:** Abracadabra announces partnership with Chainlink (LINK) to enhance oracle functionality.
* **Jan 25, 2024:** Abracadabra introduces "Spellcaster," a new governance interface for SPELL holders.
* **Jan 18, 2024:** Abracadabra releases security audit reports for its smart contracts.
**Disclaimer:**
* This information is for educational purposes only and should not be considered financial advice.
* SPELL is a highly volatile cryptocurrency and carries significant risks.
* Do your own research before making any investment decisions.
**Additional Notes:**
* SPELL price has been volatile recently, reflecting broader market trends.
* The recent news items highlight Abracadabra's focus on security and governance.
* Be aware of the risks involved in cryptocurrency investments before making any decisions.
I hope this information is helpful! Please let me know if you have any other questions.
SPELL/USDT Could SPELL bounce and back to upward movement ??💎 SPELL has recently demonstrated significant market dynamics. After facing a strong rejection at the supply area, there's potential for the price to undergo a downward retracement towards the support area.
💎 This retracement could provide the necessary momentum for another attempt to break out. If SPELL successfully breaks above this support-turned-resistance level, it probability could pave the way for further upward movement toward our target area.
💎 However, it's crucial for SPELL to bounce from the support area during this retracement. Failure to do so could signal weakness in the bullish momentum, potentially leading to a breakdown below the support area and a continuation of the downward movement towards the demand zone.
💎 The demand zone serves as a critical level for SPELL's bullish outlook. If this area fails to provide support and the price breaks below it, it could indicate a shift in sentiment towards bearishness, leading to further downward movement.
SPELLUSDT(Spell Token) Daily tf Range Updated till 24-02-24SPELLUSDT(Spell Token) Daily timeframe range. it had a decent pump, failed to break 0.0010707 twice. trying to stay above 0.0007434 which will be good for it if it can. breaking clean 0010707 would give it more potential but for now it needs volume for that.
SPELL ANALYSIS ( it can go either way )chart is self explanatory
depends on confirmations i have indicated on charts ..
ENJOY
Top Gainers: SPELL 60%SPELL/USDT Trendline Breakout (Daily Chart).
What is Spell Token ?
Abracadabra.money is a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD pegged stablecoin, that can be used as any other traditional stablecoin.
Investors:Arbitrum Foundation
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
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
Break out EMA, Short RR 2:59Retest 2 EMA and fail to break against those resistance, the price will go down
SPELL Bullish Trendbreak the downtrend line and formed daily new HH. You can pay attention to entry opportunities in LTF.
CRYPTO : SPELLUSDTDec 23
HM signal (High momentum) spotted. Looking good with previous wave up with increasing volume and momentum.
- Heathy retracement
- Low selling pressure
- Support at Zone @ 0.0006575 - 0.0006728
It is good to consider buying some at current level, and scale in if price goes up from here.
SPELL#SPELL/USDT
HTF, like all alts at the moment, the coin looks bullish
Locally, there is strong resistance at the level of $0.0006992, where it is very important to see the consolidation by the Daily candle, then the coin will be able to quickly continue to grow to the next values on the chart..
If the coin does not close above $0.0006992, then there will most likely be another test of the lower levels
What a spellToday many coins pumped and our 7-star printed most of them. As I was not in the desk, I have lots of work to analyze them in the coming days.
Ok Now Sell is at resistant point adn we have perfectly printed Sell and anything above that is a resistance break.
SPELL was awesome....
SPELL at a Crucial Juncture: Retesting Head and Shoulder PatternSPELLUSD 1W finds itself in a pivotal moment as it undergoes a retest of the head and shoulder chart pattern.
SPELL - Waiting DWF Labs put itNo pain, no gain
You can say that again
We'll cross that bridge when we come to it
