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PolarHusk
Aug 9, 2020 2:03 PM

PHB/BTC (200D MA Key Support?) 

Phoenix / BitcoinBinance

Description

PHB/BTC

-The price bounces strongly after the 2nd retest of 200D MA
-The 33 sat zone is a confluence of ascending trendline, previous support & 200D MA
-If PHB can hold current price level and not close below the green support
-The chances of going up are higher, it might retest the recent swing top @ 55 sat
-No red flag as long as the upward trendline remains valid
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