An interesting situation! for SPELLAn interesting situation!
The approximate bottom of the price has been reached
Reached the good area of the buy order block
We have price divergence and RSI
SPELLUST trade ideas
SpellJust noticed the crazy volume spike
Obv blowing up after 98.81% sell off from high..
Broken downtrend
Looks to be mid reversal...
High potential recovery for this forgotten coin..
Had a massive community backing with meme marketing last bullmarket
Frognation still a thing orr
SPELL ANALYSIS POSSIBLE MID TERM TRADEAs we can see that the spell made a good outbreak from the trendline and retest it successfully. Now I am hoping it could give 15% from this point. Total profit will be of 8% where the SL is only 4%.
spell short TPI do belive there may be further downside ....but with the 200 day , a large liquidity block and trend exhastion i do think its a great TP area
spell holdingspell is holding trend looking to bounce to the top of the channelall of these retests are dead o n .618 fibs ... im liking the way this is moving
spell 200 day strong?Spell has been respecting the 200 day MA ever since it broke through can we count on this if so we could see a break to the upside with 15 to 20 % gains in the near term
#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
$SPELLUSDT Pullback IncomingUp +40% past 24hrs.
Expect Retracement
PT #1: 0.0004885
PT #2: 0.0004700
PT #3: 0.0004500
PT #4 0.0004300
$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
SPELLUSDTSPELLUSDT is in bullish Trend.
Printing HH and HL.
No sign of reversal from here.
we wait and watch for the breakout of last HH.
SPELLUSDT Falling Wedge Pattern!SPELLUSDT Technical analysis update
Buy zone : Below $0.00054
Stop loss : $0.000455
Take Profit 1: $0.000605
Take Profit 2 : $0.00080
Take Profit 3 : $0.00105
Take Profit 4 : $0.00186
Always Keep Stop Loss
Thanks
Hexa
SPELL has strong resistanceExpecting the breakout of the resistance level. Sellers are losing momentum while buyers are more active. Daily volumes are rising. Open long position on high activity before the breakout . Target - 0.00056
Spell Breakout at 1W.Since Jul 2022, Spell has been dropped almost 80%. After 455 days, Spell performing a falling wedge chart. If the breakout valid, get a long position with low leverage is a good idea.
Don't forget to put SL ser.
Spell Breaking Out seems like ready for solid recovery breaking falling wedge in 2 days tf incase of successful breakout expecting some solid gains
but still has breakout has not confirmed incase of successful breakout expecting 2x bullish rally in midterm
short SPELL$SPELL bounced off the resistance level. Decline to support level at $0.00041 is expected to happen
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
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
✴️ 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.
SPELL breakout SPELL broke the resistance with high VOLUME and the OBV showing strong breakout
Taking some long here, targeting 0.6 level and above
do your own analysis and use a good risk management
$SPELL in bullish Dev Soon move hard $Spell in bullish Dev Soon can move hard
How to Trade Bullish?
What is divergence?
Divergence refers to a situation when a currency pair price diverges from the trend that the technical indicators are showing. So if the technical indicators are making a lower high but the currency pair price witnesses a higher high, it indicates that there is a price divergence in the market.
What is a bullish divergence?
In a bullish divergence, the currency pair prices make a new low in the market, but the technical indicators mark a higher price. This signals that bears in the market are no more in control, and bulls are getting stronger, indicating a bullish reversal after the downtrend ends. At this point, traders can place long orders to benefit from the increasing market prices.
How to trade divergence in CRYPTO
Identify the existing trend in the market.
Draw support and resistance lines to spot the divergence and confirm the reversing or continuation signals.
Monitor the high and low price levels in the market during the particular time period.
After sitting the divergence, understand what it is indicating to place long or short orders accordingly.
Wait for your trading strategy to provide you with an entry signal before placing an order.
You can trade regular divergences by spotting them in markets making higher highs (or higher lows) but the technical indicator marking a lower high (lower low). At this point, place a short (or long) order to trade the expected downtrend (or uptrend) reversal.
You can trade hidden divergences by spotting them in markets marking higher lows (or lower highs) but the indicator marking lower lows (or higher highs) simultaneously. This sends a market continuation signal to the traders and indicates to them to enter a trade during an existing uptrend and exit a trade during a current downtrend.
