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SPELL / TetherUS

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SPELLUSDT trade ideas

SPELL - The Bullish Play SPELL has had relative strength lately and I feel nobody really noticed. Unless you zoom in down to current PA, it won't look like it has done much recently. That is not the case, SPELL has: - Broken out of two resistances (indicated in "breakout" and "s/r") - Flipped a key S/R level into support, thus breaking bearish market structure - Is developing a descending wedge (typically bullish) - Trading inside the current mid-range, not having broken the EQ as support, yet I try to ignore all those nasty wicks as random deviations, sometimes they can be helpful but I mainly try to stick to the candles for my key levels. If the market continues to see strength here, I imagine something like this playing out imo. A break below mid range and fakeout of the descending wedge to the bottom band of the range where our bullish order block remains, then a bounce and I'd target at least the upper band of the range and potential breakout if this rally is to continue. Just an idea, invalidated on a break below range low (bullish OB). Cheers!
Long
by cryptovatsik
OCCUPYDEFI-SPELLUSDTnot sure if this things still active dev since the wonderland fiasco but its technically managed -97.58% from ftx listing with potential for 2000% if we ever return to speculative euphoria// if totalcap actually upgrades and this things memepotential #frognation #occupydefi ever kicks back into gear then over 2000% from here as itll likely see aths in that case dyor just noticed the potential for obv breakup bottoming out vs eth will post chart and breaking above 20ema for the 1st time since 465% ago early signs of a reversal pattern? or exit bounce time? u decide :) gonna have a look at the discord too see if anythings been announced.. if active dev kicks in from here and btc is actually bottoming out this would be a godlvl buy opp on one of the most marketable coins in the space
by olliecoughland
2