Spellusdt
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!
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
spell usdt new era coming soon...Speel is about to complete a long downward trend.spell ready to take off.
not financial advice.
$SPELL follow up targetsHere is the same chart on a daily timeframe with RSI and targets.
Full disclosure, I took a bath in this one and am trying to decide if it is worth to double down and continue to own the asset. I think I will eventually double down, and today might be a great day too.
Rsi put in a new high on a new low + broke long term downtrend
SPELL TOKEN spellbtc pair divergence in 4H spellusdtSPELL TOKEN spellbtc pair divergence in 4H spellusdt
SPELL - approaching stronger buy zonesSPELL is down almost 20% since it breakout to the down side.
BTC initiate current selloff on market, as usual. SPX is also down, retesting previous breakout level.
My next buy orders are at green boxes at 0.5 and 0.618 Fib. retracement. I already bought some smaller allocation.
If BTC closes under 42k we might see some massive selloff on market.