Bullish breakout on $SPELLRSI &BBands also breaking to the upside. Good momentum on a key "defi 2.0" play.
Spell
SPELL long#Spell bounced off the support level and the lower boundary of an ascending channel. Upward movement inside channel will likely continue to new high at 0.0421$
Spell Token - Promising token at uptrend channelWith an excellent performance in the last days, I decided to buy Spell Token again.
The price is moving within a bullish channel and has a lot of space to rise in the medium term, I made a small purchase and intend to buy more when I am at a better buying point.
You can learn more about the project here:
Website: abracadabra.money
Including lending spells to do staking or farming.
Entry: 0.0286
Stop: 0.0215 (25%)
Initial target: 0.0389 (35%)
Token Spell is mainly traded on FTX and Sushi DEX.
Buy SPELLHi Traders
SPELL looks like a buy to me. Always consider that Crypto depends a lot on BTC when trading small cap coins like this. For me both look good at the moment.
SPELL looks like having a comeback!After a massive dump on listing, SPELL has been rising steadily.
It's very probably mostly bots as the price ranges fir Fib levels, too well to say the least.
However as reaching ATH, moving above the top resistance will enable a parabolic rise.
Stop below the trend at a point comfortable with your risk apatite.
Weekly update on ETH BTC SPELL ICE FTM AVAXMarket has been ripping higher. here are my chart ups and comments on where we are and where we may be headed.
Spell 🚀🚀🚀🚀Well, i took some of my time to look into Spell, and analysis it graphs, i used ALMA, VPVR, Support and resistance to make that analysis.
Well, at 2 am, Spell went down about -20%, reaching the support as we can see in the only red on the left (Also, the ALMA is representing an Support), as we can see, the VPVR is pretty low an low market interest in the area of the Support.) Well, i think that was an little bit of Market manipulation because the inauguration of ICE, probably Spell will go to the moon soon.
SPELL 2-3x after a quick drop$SPELL looks majestic and has been gaining a lot of news and momentum along with $MIM stable coin protocol on abracadabra collateral loans.
Momentum divergence to PA w RSI and ADX makes me feel a local top is coming in the next day or 2 but this uptrend is generally strong so I'd guess local top > followed by 7-10 days of consoling itself before taking off again.
Let's see what the market says ladies & gents
