I wanted to post this a while ago but better late than never as this still has nearly 30% move before completion of bearish bat pattern where we could get a tradeable reaction before further continuation to the upside. SPELL has upcoming catalysts in short term.
Spell has been such a killer lately. If you want to participate in the DeFi 2.0 rally, you want to be in Spell because it is the fastest horse right now.
.013 would be generous their is also a possibility that this short is premature and spell will touch .029 before it goes back down. If it will touch .029 it will happen soon. Do what you would like, short long buy sell. I don't care. I just had to type jargon so that I would be able to publish my idea.
Entry point for me would be around .016 but only if i get...
After an aggressive selloff that brought SPELL to sharply to $0.006 in early December, SPELL was able to recover again, and started a new uptrend.
In the second wave, the current trend was able to break its downtrend line and reached today the 0.382 Fib level.
Now the price has been rejected in that area. Moreover, the Stochastic is also oversold on the daily TF...
Coin this chart. Coinbase entered this wizard brother. In Earn to play category. His style is always upside down. It promises the future. Targets can be bought and sold. We celebrate together when x3 happens.
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the red fibo Level can_be 🐂, & under will be bearish Short to midterm .
~~N0 arrows. ~~ N0T trading Advise either +dyor
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the red fibo Level can_be 🐂, & under will be bearish Short to midterm .
~~N0 arrows. ~~ N0T trading Advise either +dyor
Spell may be in for a run similar to Shib when it was at around 800 with near 1/4bn volume and 3-4bn marketcap. Spell atm is about .154bn volume and 3.8bn marketcap, making it potentially an asset for the next bull run to side with Shib. This would send Spell to its ath at .034. Currently, next target is .022, if .019 breaks, then .034 and up.
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the red fibo Level can_be 🐂, & under will be bearish Short to midterm .
~~N0 arrows. ~~ N0T trading Advise either +dyor
Analysis update from previous analysis with more project info:
SPELL is one of few that shows signs of life after a few listings, and overall crypto market dump 💪
Once trendline is broken, retest of 0.02$ is imminent.
Next level to watch is 0.029$ 🚀
Abracadabra.money is a lending platform that allows users to borrow funds using Interest Bearing Tokens as collateral.
SPELL is its token, used for incentivaztion as well as voting right when staked.
There is not much TA to do on this chart. I'm posting it because I watched it last month and forgot about it until I see Coinbase Pro listing announcement.
I...
For those who want to play safe and don't "buy the dips" it is *almost* time for $SPELL to pick up and grab a train for an upward movement🧙♂️
A closure above the .02 level and following retrace not below the previous low would suggest a strong BUY signal🔼
