dadada33

Downward Channel broken at .02 & .009

Long
dadada33 Updated   
COINBASE:SPELLUSD   Spell Token
This is good news for the previous ceiling indicator lines being broken at .02 & .009, continuing neutral RSI to indicate a possible trend to further upside, MACD trend sentiment looking consolidating to the upside for a further breakout from previous ceilings. Let's see if the previous ceilings (.009/.02) remain broken and can be the next bottom in the coming weeks. If this trend continues, we will aim for the next .03 downward ceiling line in the coming months/years if sentiment grows.
Comment:
Looks like a new upward channel is forming, let's see the coming weeks for a new floor.
Trade active:
Channel has still been broken, and a new support floor line forming on .005 ish. Should be a great time for entry.
Comment:
The consolidation period looks like it going upward above .005 ish as stated. Could be the new bottom.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.