PHA - Possible ParachainPhala is one of the more commonly cited projects with a shot at parachain status on Polkadot.
Technicals look bullish at the moment as we have completed a 5 wave move up as well as what looks like a running flat correction.
I'm never sure how to deal with those first day pumps in terms of wave count, so we have completed 1 or 3 of 5. Anyone with thoughts on those first day pumps in terms of wave count, please let me know.
PHA
Phala.Network (PHABTC) Trade SignalENTRY: 0.00001400 - 0.00001600
TP1: 0.00001660
TP2: 0.00001840
TP3: 0.00002050
TP4: 0.00002420
TP5: 0.00002700
TP6: 0.00003100
STOP: Close daily (D) candle below 0.00001300.
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This is not financial advice.
Make sure to build your own plan/strategy before trading.
Patience is key.
Namaste.
PHA is looking 'phantastic'Great sideways movement since it got added on Binance. Lots of chop in the same area and it looks like re-accumulation to me. The trend is very clear and still up and I like how it is essentially back to where it had started trading on Huobi. Usually these turn into massive moves to the upside ones this range is resolved. Very bullish
At convenient shopping pointsResistance marked with a red line There is a possibility of high hunting of this resistance, you should find the right entry position in the pullback to the lower supports and have a proper entry
According to the specified timelines, the reaction to these timelines should be seen