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SPELLUST trade ideas

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.
Long
by Crypto-Adda_Official
Spell Buy TradeHere is My Study On Spell Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions about your investments. Follow me for the latest updates and join the conversation in the comments! Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and information dissemination. Use with caution. This Is Not A Finacial Advise
Long
by MoonTradingForecast
2
✴️ Spell Token Hits BottomSpell Token (SPELLUSDT) hit bottom, but how do I know this? The drop ending 17-August is really strong and steep, this is an excess. This excess ended up producing a bullish divergence between price, the RSI and MACD. The trading volume is much lower in August vs March, telling that the bearish trend is losing strength. Today we have above-average volume and a bullish reversal candlestick as prices move above EMA10. That's how I know the bottom has been hit and now the price for this pair is ready to increase. Namaste.
SLong
by AlanSantana
5
$SPELL in bullish Dev Soon move hard $Spell in bullish Dev Soon can move hard How to Trade Bullish? What is divergence? Divergence refers to a situation when a currency pair price diverges from the trend that the technical indicators are showing. So if the technical indicators are making a lower high but the currency pair price witnesses a higher high, it indicates that there is a price divergence in the market. What is a bullish divergence? In a bullish divergence, the currency pair prices make a new low in the market, but the technical indicators mark a higher price. This signals that bears in the market are no more in control, and bulls are getting stronger, indicating a bullish reversal after the downtrend ends. At this point, traders can place long orders to benefit from the increasing market prices. How to trade divergence in CRYPTO Identify the existing trend in the market. Draw support and resistance lines to spot the divergence and confirm the reversing or continuation signals. Monitor the high and low price levels in the market during the particular time period. After sitting the divergence, understand what it is indicating to place long or short orders accordingly. Wait for your trading strategy to provide you with an entry signal before placing an order. You can trade regular divergences by spotting them in markets making higher highs (or higher lows) but the technical indicator marking a lower high (lower low). At this point, place a short (or long) order to trade the expected downtrend (or uptrend) reversal. You can trade hidden divergences by spotting them in markets marking higher lows (or lower highs) but the indicator marking lower lows (or higher highs) simultaneously. This sends a market continuation signal to the traders and indicates to them to enter a trade during an existing uptrend and exit a trade during a current downtrend.
Long
by UnknownUnicorn26572303
SPELL is making it's play, and well...SPELL is making it's play, and there is a chance we see it rise soon, as it has great potential, and the chart shows (at least it looks like) we are in a bottom, as with other coins. Not saying for sure this is the bottom as the whales are hunting the SL's, and they are doing it well, so stay tunned, and invest wisely. I consider SPELL special, it has a good marketcap, the project is good and for the ones who don't know it, you should make your own investigation. Entering this trade will be only YOUR DECISON! Just keep in mind, with this one you can wake up with an easily 500% or more THIS IS NOT A FINANCIAL ADVICE, PLEASE INVEST AT YOUR OWN RISK
by genesislord
1