After an aggressive selloff that brought SPELL to sharply to $0.006 in early December, SPELL was able to recover again, and started a new uptrend.
In the second wave, the current trend was able to break its downtrend line and reached today the 0.382 Fib level.
Now the price has been rejected in that area. Moreover, the Stochastic is also oversold on the daily TF and we will probably have a bearish cross on the stochastic in the next hour. Last 2 times that happened, on 3.11 and 9.12, SPELL had experienced a strong move down.
Considering SPELL is up 350% in the last 3 weeks, we can expect a pullback to happen.
We can expect a pullback near the $0.019 area. From there, if the support holds, we might see a bounce again. If the support fails, $0.014 zone is the next support.
In the second wave, the current trend was able to break its downtrend line and reached today the 0.382 Fib level.
Now the price has been rejected in that area. Moreover, the Stochastic is also oversold on the daily TF and we will probably have a bearish cross on the stochastic in the next hour. Last 2 times that happened, on 3.11 and 9.12, SPELL had experienced a strong move down.
Considering SPELL is up 350% in the last 3 weeks, we can expect a pullback to happen.
We can expect a pullback near the $0.019 area. From there, if the support holds, we might see a bounce again. If the support fails, $0.014 zone is the next support.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.