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SPELLUSD trade ideas

SPELL - a young project of high expectations listed everywhereAbracadabra.money is a lending platform that allows users to borrow funds using Interest Bearing Tokens as collateral. SPELL is its token, used for incentivaztion as well as voting right when staked. There is not much TA to do on this chart. I'm posting it because I watched it last month and forgot about it until I see Coinbase Pro listing announcement. I didn't buy it on time but I want to do it now even more since it dropped heavily like all crypto market. On market since August. Already 1 Billion M.Cap. Listed on: FTX, Poloniex, ByBit, Coinbase Pro (today announced), a lot of DEX. Binance and others are just matter of time. I will be very happy if I manage to get it at 0.10$. If it breaks 0.14-0.15$ resistance and turn it into support, I will add my 0.10$ allocation if it don't retrace to it before. 0.195$ level and Anchored VWAP I see as some kind of resistance but once momentum kicks in I don't thinks they will cause any problem. It sounds like little FOMO and 1 Billion M.Cap is a lot for few months old project, but I'm ready to take that risk here.
FTX:SPELLUSDLong
by Philippe_0x
6
Spell Token - Promising token at uptrend channelWith an excellent performance in the last days, I decided to buy Spell Token again. The price is moving within a bullish channel and has a lot of space to rise in the medium term, I made a small purchase and intend to buy more when I am at a better buying point. You can learn more about the project here: Website: abracadabra.money Including lending spells to do staking or farming. Entry: 0.0286 Stop: 0.0215 (25%) Initial target: 0.0389 (35%) Token Spell is mainly traded on FTX and Sushi DEX.
FTX:SPELLUSDLong
by MrClock
2
SPELL - Local Pattern - Bull Flag?Just a quick chart for a friend, it looks like a possible bull flag forming in the $.018 range. The 20 and 50 EMAs are acting as support for the bullish rally over the 15th and 16th of October. I marked other local levels on the 2h chart; I'd include more history but the FTX chart was the only USD pair I could find and it's data only goes back a week. Looking at price volume, the trend extended above the value area recently, but is flirting with a return back inside as the RSI continues to cool off. If SPELL closes inside the value area, reference the MACD for confirmation of short term bearish sentiment, it will post a bearish cross and a local correction that might follow to the support level noted. But for the bulls, if we reference the the MACD histogram you see a waning but bullish trend; if the price finds support in the $0.018 range (possibly wick into upper 0.017 range), we could see a third bullish rally in SPELL's current pattern that would correspond to the bull flag currently on the chart. My target for such a breakout is starting around $0.022. I'd look for a healthy corrective pattern to follow after such a breakout. Alternatively, if SPELL fails to break bullish from this flag and enters a bearish pattern- other support levels are noted on the chart but I'd look at $0.0138 as the likely lowest/worst case scenario for a correction, if the confluence of local value range, the 20, 50 EMAs and the point of control fail to support SPELL.
FTX:SPELLUSD
by 1BigPapi