#PHA
The price is moving in a bearish channel pattern on a 12-hour frame,
which it adheres to perfectly.
We have stability above the moving average of 100.
We have a downtrend on the RSI indicator that supports the rise and is about to break higher
Entry price is 0.2444
The first target is 0.2724
The second target is 0.3228
The third target is 0.3650
According to PHA, it is also in the bullish wave C. The degree of this wave is big and it is expected to continue for weeks.
The volatility of this coin is high, so you should enter this currency on a good support. The green range is the low-risk range for entering a buy/long position.
The target is clear on the chart.
Closing a daily candle below the...
Bullish outlook as long as the demand zone is not breached (of course :))
But a decent structure that appears it wants to run
You can make a good trade out of this
or if u already hold it , give u conviction to hold further if its been painful
I have done no fundamental research on this coin :)
I just draw lines on a chart - most of the time :)
theCrypster -
With a massive descending trend line formed from the inception of #PHA and continuing through till today, a Sell signal from CTv2 right on this trend line and a 20% drop until support on the underside, we're going for this Short trade!
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
PHA has registered a growth of more than 50% in the last 24 hours. The price of this currency had entered a correction wave after the previous upward wave of 550%, which we saw a positive reaction of this currency by using the correction Fibonacci tool and the range between 0.5 and 0.618 of this tool. Therefore, the static support range of $0.137 to $0.160 can be...
pha coin currently trade at 0.175$
its brok now decendending triangle pattern on4h time frame chart.
now possible we seee it soon on its strong support area at 0.15$-0.14$
also bounce back expected from this support.
good buying range for shortterm profit is 0.14-0.15 cents
sell targets depend on you according to your...
This is an absolutely fantastic opportunity on PHA right here, right now!
The stop loss for this coin is very low and the profit target is very high, which provides a great risk-to-reward ratio.
The uptrend started with a strong impulse wave, which is extremely important for continuation to the upside.
The next profit target is around 1.3 USDT, but this coin...
Hi dear friends, hope you are well, and welcome to the new update on Phala Network ( PHA ) coin with the US Dollar pair.
First of all congratulations to you all, for another such wonderful long-term trade, which is completed now. And it has rallied more than 530%
Now on a 4-hr time frame, PHA is about to complete the final leg of a bullish Gartley pattern.
...
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For this particular analysis on Phala Network we are using the PHAUSDT symbol on the OKX exchange.
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The idea is on the 1D time-frame where PHA is having an incredible stretch rising +600% since its Thursday bottom! This massive pump broke above its 1D MA50 (blue trend-line), 1D MA200 (orange trend-line) and 1W MA50 (red trend-line) in just...
BINANCE:PHAUSDT is on the way to 0.33x area to test dynamic and static resistances as well as EMA 100; and possibly try to break out from the channel. But rejection from this level shouldn't come as a surprise either.
If we see a successful breakout, we can expect further continuation to the upside in the near future (too early too speculate)
Long term targets...
After my previous publication the price had a breakout attempt, but it was rejected (that was expected). Now- If the price manages to stay above the area of highest volume, we may see another breakout attempt soon. Otherwise, it will go back to accumulating with occasional spikes and this phase could last another weeks, months, who knows... If the momentum is...
PhalaNetwork is gonna be looking for a breakout soon. There has been a long period of price ranging. An aggressive entry would be somewhere around 0.84 (now), more controversial is to wait for the breakout, and then enter at a first given pullback. After doing a brief research, the project seems to have solid fundamentals and it runs on PolkaDot.
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...
Found support at .9 fib after major pump. In re accumulation cycle should price hold current levels which l think it will. Currently pushing inverse level at .5 fib, showing nice strength. Entry for me will be around the Greedy buy level which should also be around the trend support line also.
Hi guys, here my first analysis for Phala Network. Feedback would be nice.
I very like this Dot project and i think it has a lot of potential 2021.
Thanks and br
