Spell 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.
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.
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Bottom catch.
The uptrend can last for months if or years... But growth is already taking place.
40%+ since yesterday... Enjoy the profits.