SPELLUSDT trade ideas
#SPELL/USDT 1D (ByBit) Faling wedge breakout and retestSpell Token regained 50MA support and is pulling back to demand zone where a bounce towards 200MA resistance seems likely.
⚡️⚡️ #SPELL/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (2.5X)
Amount: 5.1%
Current Price:
0.000433
Entry Zone:
0.000434 - 0.000406
Take-Profit Targets:
1) 0.000499
1) 0.000558
1) 0.000617
Stop Targets:
1) 0.000354
Published By: @Zblaba
$SPELL BYBIT:SPELLUSDT.P #SpellToken #MIM abracadabra.money
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +47.0% | +82.1% | +117.3%
Possible Loss= -39.3%
Estimated Gaintime= 3-9 weeks
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
spellusdt-mentoringspellusdt some scm-border token
to play with internet magic money - yes thats how they describes them
but we here for trading for real money :)
so on weekly looks quite prommising upside about 50x
current price at resistance trying to break 6000 area
look for long if close above 6280
look for short if close under 5950
look for long if retrace from 4232 area
look for short if close under 4120
***
Tolerance will reach such a level that intelligent people will be banned from thinking so as not to offend the imbeciles- F.M.dostoyevsky
$SPELL gonna spell green or bleed?A potentin Elliot wave count is in place with price action still trading on wave 3. The candlestick color and Flip line (Yellow) is a major indicator for direct using the STIC indicator.
To long I wil advice a wait to test and hold above the yellow line. this shows a bullish sentiment, else the bear have the say.
#Tradesmartly
Defi Token Pump $spell hasn't pumped.Defi Token Pump $spell hasn't pumped.
Falling Wedge
The falling wedge can either be a reversal or continuation signal.
As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.
As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern.
In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows.
Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows.
If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips!
A good upside target would be the height of the wedge formation.
Spell Buy TradeHere is My Study On Spell
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✴️ Spell Token Hits BottomSpell Token (SPELLUSDT) hit bottom, but how do I know this?
The drop ending 17-August is really strong and steep, this is an excess.
This excess ended up producing a bullish divergence between price, the RSI and MACD. The trading volume is much lower in August vs March, telling that the bearish trend is losing strength.
Today we have above-average volume and a bullish reversal candlestick as prices move above EMA10.
That's how I know the bottom has been hit and now the price for this pair is ready to increase.
Namaste.