SPELLUSDTSPELL ~ 1W
#SPELL If you have Conviction on this coin., this support block would be a very good buy for now.
Spellusdtlong
#SPELL/USDT#SPELL
The price is moving in a descending channel on the 12-hour frame, about to break upward
With a strong support area in green at 0.0007000, the price has already bounced from it
We have a trend to touch the Moving Average 100
We also have a downtrend on the RSI that has been breached upward
A moderate rise is expected over 3 levels
Entry price is 0.0008440
The first goal is 0.0009613
The second goal is 0.001150
The third goal is 0.001274
Spell's UpdateChart is clear.
Not valid only if it delisted but i don't think so.
DYOR & DCA.
Good Luck.
#SPELL/USDT#SPELL
The descending triangle has been broken since July 2023
The downtrend was retested again before completing the rise.
The first goal is 0.000800.
The second goal is 0.001070.
A correction is expected after the first goal.
This bullishness is supported by oversold conditions on the MACD.
It is also supported by a moving average of 100 upwards.
SPELL/USDT Potential Continue the Upward after perfect breakout!💎 SPELL has recently demonstrated notable market dynamics, breaking significantly out of the descending channel pattern.
💎 Currently, it is consolidating sideways on the demand zone, previously the supply area. There's probability for the price to bounce from this demand zone and resume its upward movement, with the next target being the bearish OB area.
💎 However, if SPELL fails to bounce and breaks down below the demand zone, the price may retreat to the Bullish OB area around the 0.00464 level, seeking new momentum for a bounce.
💎 Historically, the Bullish OB area has proven to be significant, consistently prompting substantial bounces when tested. However, should this area break down, confirming bearish momentum, the price could continue its downward trajectory, potentially reaching lower levels.
SPELL/USDT Could SPELL bounce and back to upward movement ??💎 SPELL has recently demonstrated significant market dynamics. After facing a strong rejection at the supply area, there's potential for the price to undergo a downward retracement towards the support area.
💎 This retracement could provide the necessary momentum for another attempt to break out. If SPELL successfully breaks above this support-turned-resistance level, it probability could pave the way for further upward movement toward our target area.
💎 However, it's crucial for SPELL to bounce from the support area during this retracement. Failure to do so could signal weakness in the bullish momentum, potentially leading to a breakdown below the support area and a continuation of the downward movement towards the demand zone.
💎 The demand zone serves as a critical level for SPELL's bullish outlook. If this area fails to provide support and the price breaks below it, it could indicate a shift in sentiment towards bearishness, leading to further downward movement.
SPELLUSDT Descending ChannelSPELLUSDT Technical analysis update
SPELL price exceeded the resistance line of a descending channel pattern on the day chart, accompanied by high volume. While this could indicate potential upward movement in the coming days
Buy level: Below $0.00070
Stop loss : $0.00057
Regards
Hexa
SPELL - Waiting DWF Labs put itNo pain, no gain
You can say that again
We'll cross that bridge when we come to it
An interesting situation! for SPELLAn interesting situation!
The approximate bottom of the price has been reached
Reached the good area of the buy order block
We have price divergence and RSI
spellusdt is in buy area!!spellusdt is in buy zone now. spellusdt is in an uptrend and done a correction after making HH. it can soon start 2nd upward spell.
