SPELL/USDT idea The move up was too impulsive hitting the trendline above I see us forming a heading and shoulders rejecting the trendline and heading lower. One more low followed with an accumulation before take off
SPELLUSDT trade ideas
#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 Token (SPELL)On the above 2-day chart price action has corrected over 80%. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Price action corrects to past resistance/support.
3) Price action backtest is also the Fibonacci 0.236
4) Finally, the flag breakout projects a 150% target.
Is it possible price action falls further? Sure.
Is it probable? no.
Ww
Type: trade
Risk: <=6%
Timeframe: Longs from now until month end
Return: 150%
#SPELLUSDT (Watchlist) 6-2024SPell has rebounded off its main support level at $0.0007, showing a potential formation of a bullish pattern, possibly an inverse Head & Shoulders or a Cup and Handle. A breakout above $0.00185 could propel the price to $0.0036.
Current levels suggest that averaging into a position now could be a prudent strategy, albeit with a cautious approach. It's crucial to monitor the key support level at $0.0007 closely, as falling below this could trigger a sell-off.
Consider for Watchlist:
When we recommend adding a coin to your watchlist, it's typically due to forming a pattern, nearing a historical bottom, or approaching a strong support level. It may also show increased trading volume, reversal candles, or be in an accumulation stage. While we haven't observed a bullish reaction yet, we advise monitoring it until an optimal entry point emerges.
PS:
We avoid trading coins associated with gambling, prostitution, human trafficking, etc.
Note:
This is not financial advice but an analysis of coin movements. Conduct your own research and practice risk management before making any investment decisions. Remember, the cryptocurrency market carries significant volatility and risks.
Best wishes to all,
we ask Allah reconcile and repay. 🙏
Wave illiot analysis for Spell coinHello Dear traders,
Here is an Analysis using Wave theory for the next moves.
$SPELL LOOKS READY FOR SOME BIG MOVESWe finally broke out from the downward trendline .. a healthy retest and we are in for a crazy move on spell
#SPELL/USDT is heading towards a retest of the Diagonal Trendlin#SPELL/USDT is heading towards a retest of the Diagonal Trendline in 1-Hour TF!
Wait for a successful breakout and retest of the Diagonal trendline to open a long position. The local support level is PWH $0.000873.
spellusdtWe are completing the wave e of a triangle of a higher degree than the type of contraction triangle. The price is expected to move up to the range of 78% and 125% of the largest leg.
#SPELL/USDT breaks the Diagonal Trendline in 4-Hour TF!#SPELL/USDT breaks the Diagonal Trendline in 4-Hour TF!
Wait for a successful retest of the Diagonal trendline and FVG to open a long position. The local support level is PWH $0.0008495.
SPELLUSDTmy entry on this trade idea is taken from a point of interest ABOVE an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
SPELLUSDTmy entry on this trade idea is taken from a point of interest BELW an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
SPELLUSDTmy entry on this trade idea is taken from a point of interest BELOW an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
Spell's UpdateChart is clear.
Not valid only if it delisted but i don't think so.
DYOR & DCA.
Good Luck.
#SPELL/USDT is slowly heading towards the resistance level #SPELL/USDT is slowly heading towards the resistance level and Trendline in 4-Hour TF!
$SPELL needs to clear this resistance zone $0.001002 to gain bullish momentum. Wait for BO to open a long position. The strong support level is PWL $0.000778.
SPELLUSDT - LONGfrom the volume and the formatted shape Spell is going to create, I propose can see it in coming days as below. what do you think?
SPELL/USDT I BUY SETUP✔︎📈 BINANCE:SPELLUSDT SIGNAL
✔︎ENTRY : 0.0012200
🏓TARGETS :
✔︎ T1 : 0.0013196
✔︎ T2 : 0.0014192
✔︎ T3 : 0.0016183
✘ STOP : 0.0011364
🚦Stop Trigger:
• If you make capital management: Stop is activated when one candle opening and closing
below the stop level of the same time frame of the signal.
• If you don't make capital management: Stop is direct without waiting for the candle to close.
💡Risk management :
• Enter the trade with 10% to 20% of your capital to reduce risk and save cash to enter other opportunities.
• Sell (25% to 50%) on (T1) and don't move your stop-loss.
• Sell 50% on (T2) and move your stop loss to the entry point.
• You are safe now, and the next 25% is up to you.
💡Reason for this trade:
This trade gives my trading system a sign of strength:
• My trading system is based on liquidity and reversal zones.
• When the liquidity is swept from one side under certain conditions, we will wait for the price on the other side.
The liquidity will attract the price like a magnet.
• the first side that has been swept:
1- range low
2- failure swing point
• Opposite side targets:
1- range high
2- liqudity void
💡Entry setup
1- reclaim Volume profile VAL
⚠️WARNING:
• I'm not a financial advisor.
• Do your own research (DYOR).
#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 Indicating continue upward movement after retesting.💎 SPELL has recently encountered significant developments in the market. Currently, it has broken out of the key supply area, indicating the potential for a retesting phase at the demand area of around $0.198 before resuming its upward movement and probability of reaching our target area.
💎 The demand area holds significant importance, as a strong bounce from this level could signal continued upward momentum for SPELL. However, if SPELL breaks down below the demand area, it would indicate a shift to bearish sentiment, with the next target being the support area.
💎 At the support area, for SPELL to continue upward, it needs to reclaim the level above the demand area. If this scenario fails, the price may continue to decline further.
SPELL has bullish signs!
🎗#SPELL/USDT 🎗
LONG
Leverage: (10.0X)
Entry Targets:
1) 0.0017765
2) 0.0016471
Take Profit Targets:
1) 0.0018957
2) 0.0020150
3) 0.0021376
4) 0.0022466
5) 0.0023521
6) 0.0024509
7) 0.0025565
8) 0.0026723
Stop Targets:
1) 0.0012180
🟡Chart is speaking it self!
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Thank you for seeing idea .
Have a nice day and Good luck
🔴This is only an idea and not a financial advise ( NFA )🔴
SPELL BREAKOUT : ENTRY 0.0017 : TARGET 0.0026 : 12.03.24 BINANCE:SPELLUSDT next TP: $0.0026
ENTRY: ~$0.0017
This is part of a batched set of target posts.
The objective is to provide entries and exits, so the writeup will be standardized.
Suggested implementation strategy:
Set a stop-limit order above the price if you're looking for a better entry so that if it runs unexpectedly, you'll not miss out..
Then take your time in trying to gain the lowest possible entry.
If the price goes down during this period, move the stop-limit order down along with it..
Note that these targets are likely not the final end of runs, so holding on to these positions should be considered. If I remember I'll update their targets then.
202402 - SPELL W chart/LongLong
Break W resistance zone + huge volume
Suppose will pumping more in next 1 or 2 weeks
Buy & hold
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.
