Spell token is starting to recover and is now in a bullish trend before a small pullback.
Wouldn’t be crazy to think that this token could knock off a zero in the coming weeks, idea outlined.
#SPELL
The price is moving in a descending channel on the 12-hour frame, about to break upward
With a strong support area in green at 0.0007000, the price has already bounced from it
We have a trend to touch the Moving Average 100
We also have a downtrend on the RSI that has been breached upward
A moderate rise is expected over 3 levels
Entry price is...
COINBASE:SPELLUSD token has been what I can call the gem hidden in plain sight, they are non-US based liquidity platform. They battle through so much including the war in Ukraine, which is obviously still on going. At one point they have over SEED_TVCODER77_ETHBTCDATA:1B in TVL, the team has never waived the white flag and pressed on to deliver everything they...
Spell Token is a reward token associated with abracadabra, a lending platform that uses interest-bearing tokens as collateral to borrow a USD-pegged stablecoin called Magic Internet Money (MIM). Abracadabra uses the Kashi Lending Technology pioneered by SushiSwap (SUSHI) to provide isolated lending markets that allow users to adjust their risk tolerance according...
SPELLUSDT(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 token has always been a sleeper pick, or dynasty pick. It has been through war, the stablecoin pool bloodbath. I see this coin being a huge factor. I'm here for it!
SPELLUSDT 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
SPELLis is very strong here as you can see huuuge volume spike. It can run tomorrow or next week while USDT dominance will drop which is good for another leg up. I am watching this closely.
Always manage your risk and use stoploss. It is not financial advice.
Spell 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)...
Blue * N: Confirmed the Demand Zone
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Trading Setup:
There is a Trading Signal to Buy in SPELLUSDT SpellToken
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.0012712
⭕️SL @ 0.0010511
🔵TP1 @ 0.0018517
🔵TP2 @ 0.0026240
🔵TP3 @ 0.0035550
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger...
We are looking bullish on the daily and weekly candles. Spell token should go for a 100% gain by mid September. We are sitting at 0.0014225 next target at 0.0032000 as always not a financial advisor, but this is my prediction. Good luck!
The 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...
