Phala are already live on KSM. Currently the primary privacy project in the DOT / KSM ecosystem and could be one of the main crosschain cloud compute platforms in the future. Chart also looks bullish. Massive consolidation triangle on the daily, and the RSI has broken resistance. Some bullish news could be on the horizon as well regarding partnerships.
Hi, i was just playing with logarithmic chart, very possible setup.
Phala 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...
ENTRY: 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. ----- This is not financial advice. Make sure to build your own plan/strategy before trading. Patience is key. Namaste.
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
Resistance 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