cleaner looking long set upthis is trading off the falling wedge again. ties into my spell/usd trades. i think this is a bit cleaner. put some targets suports and reses. im hoping for a minor dip to try and scoop up some more. staking is to nice rn. anyways posting mainly to have the chart to play in a few months...
Spell Token / Wrapped Ether on Ethereum (0xb5De0C3753b6E1B4dBA616Db82767F17513E6d4E)
No trades
Spell/ETH Chart - ETH Stalls and FTX PERPS settle volatilityFirst chart, so pretty quick and rudimentary explanation of what I'm thinking, but here goes.
If we see BTC breakout and suck up bids of other majors, then only alts with momentum will be the ones with possible upward potential. No DeFi alt has more narrative and price momentum than SPELL imo.
Thi
Spell 🚀🚀🚀🚀Well, i took some of my time to look into Spell, and analysis it graphs, i used ALMA, VPVR, Support and resistance to make that analysis.
Well, at 2 am, Spell went down about -20%, reaching the support as we can see in the only red on the left (Also, the ALMA is representing an Support), as we can
SPELL 2-3x after a quick drop$SPELL looks majestic and has been gaining a lot of news and momentum along with $MIM stable coin protocol on abracadabra collateral loans.
Momentum divergence to PA w RSI and ADX makes me feel a local top is coming in the next day or 2 but this uptrend is generally strong so I'd guess local top >
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy