Spellusdt
#SPELL/USDT 1D (ByBit) Faling wedge breakout and retestSpell Token regained 50MA support and is pulling back to demand zone where a bounce towards 200MA resistance seems likely.
⚡️⚡️ #SPELL/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (2.5X)
Amount: 5.1%
Current Price:
0.000433
Entry Zone:
0.000434 - 0.000406
Take-Profit Targets:
1) 0.000499
1) 0.000558
1) 0.000617
Stop Targets:
1) 0.000354
Published By: @Zblaba
$SPELL BYBIT:SPELLUSDT.P #SpellToken #MIM abracadabra.money
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +47.0% | +82.1% | +117.3%
Possible Loss= -39.3%
Estimated Gaintime= 3-9 weeks
SPELL is still bullish (1D TF)The SPELL symbol has been bullish for a few days now.
By examining the waves, we found that SPELL is inside a large diametric.
Recent highs are for the ascending F branch of this diametric.
In the red box, we expect this symbol to go down and enter the G branch.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
$SPELL gonna spell green or bleed?A potentin Elliot wave count is in place with price action still trading on wave 3. The candlestick color and Flip line (Yellow) is a major indicator for direct using the STIC indicator.
To long I wil advice a wait to test and hold above the yellow line. this shows a bullish sentiment, else the bear have the say.
#Tradesmartly
Defi Token Pump $spell hasn't pumped.Defi Token Pump $spell hasn't pumped.
Falling Wedge
The falling wedge can either be a reversal or continuation signal.
As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.
As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern.
In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows.
Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows.
If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips!
A good upside target would be the height of the wedge formation.
SPELL USDT BREAK OUT CONFRIMATIONI think area retrace at 0.00176-0.0186 $
and correction break down to 0.00095-0.00096$
and you can all in buy hold till 0.011$ TP all and rich