Heard a lot about spell on twitter but missed it every time.
Look to have broke a local high, few bull divs and had 100m in trading volume a few days ago which historically looks to be at points of momentum change.
It is also popular on coinbase which is a good sign.
Ill look to buy the .236 fib
Gonna keep it short.
Bullish: Crab & Bat formation and ABCD exit. An inverse Head & Shoulder creating the last shoulder. We can see this token up to 0.02+ by mid-end this year.
Bearish: We might go short end of this month/Feb. If we do, we test 0.0105 again and complete a perfect H&S.
Use as reference not financial advice. Happy Trading.
Hi Traders
SPELLUSD (1H Timeframe)
Waiting for the upward break of 0.01640 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 0.01383 would cancel the bullish scenario.
Trade details
Entry: 0.01640
Stop loss: 0.01383
Take profit 1: 0.01790
Take profit 2: 0.02040
Score: 3
Strategy: Bullish reversal
BUY LOW SELL HIGH.....SPELL IS VERY MUCH OVERSOLD, IT IS TIME FOR AN IMMINENT REVERSAL.
Please do a thumbs up if you like this idea....Thanks for watching.
SPELL is down almost 20% since it breakout to the down side.
BTC initiate current selloff on market, as usual. SPX is also down, retesting previous breakout level.
My next buy orders are at green boxes at 0.5 and 0.618 Fib. retracement. I already bought some smaller allocation.
If BTC closes under 42k we might see some massive selloff on market.
$SPELL token is an interesting DeFi project that has landed on almost every major exchange in a short amount of time. Binance just announced listing too in late December. The chart doesn't have much history but from what we can see this area looks like prior support which will create a higher low and new base if it turns. We can also see this is the spot it has...
**I bought Spell**
Spell has been performing well in the last few days, with today's fall it opened a short stop loss entry opportunity.
Entry: 0.0227
Target: 0.0321 (40%)
Stop: 0.0210 (8%)
Volume: 6.7%
It is now possible to buy Spell at Binance
It looks like SPELL is inside rectangle consolidation with strong buy at 0.0215$ and sell above 0.0262$.
Bullish:
- strong buy at support zone (nice wick festival here) ✅
- Stoch RSI on 12h and lower time frame ✅
- nice fakeout wick which is bought up quickly ✅
Bearish:
- RSI breakout ❌
- Stoch RSI on D, 3D ❌
Check previous SPELL analysis before breakout:
Hi Traders
SPELLUSD (4H Timeframe)
Waiting for the downward break of 0.0210 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 0.0275 would cancel the bearish scenario.
Trade details
Entry: 0.0210
Stop loss: 0.0275
Take profit 1: 0.0170
Take profit 2: 0.0130
Score: 5
Strategy: Bearish reversal
With a short run on the major exchange Coinbase SPELL TOKEN has amasssed in popularity and has climbed in popularity to #42 in the crypto market. Nice run today
