I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
PHB IS NOW @ SUPPLY AREA HAS FIGURED OUT FROM LAST(purple) RESISTENCE Price projection and targets are on YELLOW Stop Loss for PHB @32
PHB/BTC now holding this support box between 43-40sats and very near for a breakout of this giant fallen wedge pattern which is a textbook bullish pattern. Once PHB broke this trendline of resistance we can see a nice bull volume incoming for this coin expect a 20%-40%+ pump after a breakout now is a good time to buy just always manage your stop-loss in place
Our indicators are very supportive of reversal here, PHB reached an all time low with the last dive, Bullish divergence on the RSI has appeared, and MACD is out of steam, the bearish momentum is over. I marked the trend lines i found to locate a resistance, you can exit around the red area i marked for easy 35%, but i also support a long term holding from here.
I AM NOT A FINANCIAL ADVISOR, DO YOUR OWN RESEARCH. I plan to keep close SL (stop-loss) on this as if it fails closes below 39 or so, it will fall to 16 sats or so. However, currently oversold on daily and seems ready to make move up. Risk to reward make this very appealing to me.
PHB/BTC PHB broke a major support at 48 sats, that is not looking good in mid-term bullish plans. This 48 sat area could turn into new resistance and PHB could face harsh rejection from it. If PHB can't get pass through it, the tendency is a pullback to retest new Swing Low at 40 sats. It is a major problem for bulls to get things back in the right...
PHBBTC - BREAKOUT SIGNAL BUY RANGE 0.00000060-0.00000067 Tp 1: 0.00000074 Tp 2: 0.00000078
#PHB/BTC (Binance) Entry Zone: 45 - 46 Take Profits: 48 - 50 - 55 - 60 Stop Loss: 41
Red Pulse Phoenix Binance (PHBBTC) is correcting after a very strong bullish wave... This correction is almost over. Take a look at the black trendlines, as soon as these are broken, we can see PHBBTC moving higher. We are also looking at the ATL (All-Time Low) which is marked with a red dashed line. This support heald back in August and September 2019. Right...
PHBBTC is close to support zone. A U-Turn can be possible here.
Back to the bottom range Hope for a new move Not a Financial Advice
PHB/BTC PHB is back in the accumulation zone between 52 - 48 sats area. PHB is also painting a falling wedge pattern which typical breaks to the upside. I would expect PHB to consolidate in this area for at least 2 weeks before a significant move to happen as the price is on a heavy pullback. PHB could retest 48 sats Swing Low again in the coming weeks, it is...
Buy PHB from the zone 63-60 , If the price break the trend line , I will update here the new buy zone Sell Mid term : 75 , 83 Sell long term : 99