💎Technical Analysis Summary💎 BINANCE: PHBBTC -Red Pulse Phoenix is trading on a downtrend channel -This is Bullish only if the pattern breaks to the upside -Currently, it is near the swing Low support at around 20 sat -If this level will hold for a few days or so -There is a good chance this coin will breakout up to 40 sat -Bearish scenario, close below 20 sat...
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
PHB/BTC PHB is at the end of this descending channel which by technicals has a higher chance of breaking to the upside. If you want to enter an aggressive position, a tight stop-loss is in place to protect you from the wrong decision or early entry.
I AM NOT A FINACIAL ADVISER, DO YOUR OWN RESEARCH!
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 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...
Back to the bottom range Hope for a new move Not a Financial Advice