weekly cobalt 0x TA update. overview of various coins and some general commentary about various projects and a little on alpha and asset allocations.
Spell
SPELL - price action updateAnalysis 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$ 🚀
SPELL - a young project of high expectations listed everywhereAbracadabra.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 didn't buy it on time but I want to do it now even more since it dropped heavily like all crypto market.
On market since August. Already 1 Billion M.Cap.
Listed on: FTX, Poloniex, ByBit, Coinbase Pro (today announced), a lot of DEX. Binance and others are just matter of time.
I will be very happy if I manage to get it at 0.10$. If it breaks 0.14-0.15$ resistance and turn it into support, I will add my 0.10$ allocation if it don't retrace to it before.
0.195$ level and Anchored VWAP I see as some kind of resistance but once momentum kicks in I don't thinks they will cause any problem.
It sounds like little FOMO and 1 Billion M.Cap is a lot for few months old project, but I'm ready to take that risk here.
update from the week of 12.12.21cyrpto update of the price action of multiple 0x from this past week.
SPELL Token BUY patter ApproachingFor those who want to play safe and don't "buy the dips" it is *almost* time for $SPELL to pick up and grab a train for an upward movement🧙♂️
A closure above the .02 level and following retrace not below the previous low would suggest a strong BUY signal🔼
SPELL long$SPELL broke through the descending trendline and also through the resistance level. Bullish movement to resistance level at 0.038 is possible.
Bullish breakout on $SPELLRSI &BBands also breaking to the upside. Good momentum on a key "defi 2.0" play.
SPELL long#Spell bounced off the support level and the lower boundary of an ascending channel. Upward movement inside channel will likely continue to new high at 0.0421$
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
