PHAUSDTsee and watch :)
It seems that breaking the triangle pattern from the bottom is fake and brings its price to the ceiling of the triangle ...
PHAUSDT.P trade ideas
GET READY TO BUY SOME PHAIn the PHAUSDT chart we can see that things are really getting interesting. Right now, personally only few condition remain so that i can bag more PHA. What do we have? We have very interesting price action:
- Formation of a QM L
- Formation of a 3D . And the 3D price Approaching is something that i have being about a quite some time now. Whenever we see this 3D pattern, most of the time, price flies higher and higher
- Price is currently kissing (if you permit me the term) the Daily trend Line.
- Above all price is near the liquid Zone, because of a decision point .
Putting all of this together, we have a very great opportunity to put some PHA in our bags and at least send it to $1. Right now price is being indecisive, when we see more rejection to the upside or bullish pattern, then i personally am going to buy some PHA, expecting at least a 40% - 50% move in the short term.
N.B: This is not a financial advice. If possible, make sure to do your own research on this coin and see the potential. And also when taking a trade, making to make good use of a good money and risk management in order to still remain in the market in case things do not go as planned
PHAUSDT good opportunityHello traders.
The price is exactly on the uptrend line. It can start a good move towards the upper side of the triangle and after breakout of the triangle a good upward move is expected.
Long Position - DailyPHAUSDT
Date: 2021/11/10
Position Direction: Long
EP: 0.793236
TP: 1.418670
SL: 0.606670
P3: 3.35
🆓Phala Network (PHA) Nov-9 #PHA $PHAPHA has just had a strong rally from $0.7 to $0.9 zone and it corrected to $0.75, the selling has been reduced so PHA can rise again from this zone to $0.9, $1.2 and 1.4$. But if it loses this $0.75 zone, we might consider buying it back at $0.65
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.75$ zone
🔴Buy : 0.75
🔴Sell : 0.9 - 1.2 - 1.4
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.75$ zone
🔵Sell : 0.75
🔵Buy : 0.65
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
PHA LONGSPhala at nice test after spring, phase D of re accumulation pattern can take of on this altcoin season to the first fibb extension.
pha/usdtIn order to grow, it was necessary to break the resistance of the box and the downtrend line, in which case a new price rally could be entered.
Phala is going to be massive...TA and Fundamental analysisDisclaimer
This technical analysis by no means, is a financial advice, Please do you own research.
Before I start I would like to say Fundamentally Phala is strong, the idea, team and also the fact they won a parachain in Kusama (Khala Network which is Phala's Canary Network). Hence, I am biased in favor of longing, but now let's jump into TA to find the major S/R levels.
Since 9th of Oct, Price is ranging between upper and middle line of downward parallel channel. Yesterday (6th of Nov) a hammer candle potentially can illustrate there is more demand for the current price after a rapid 3 days drop in price. If Price moves towards Volume profile POC with strong green candles, it can expected to break the volume and Fib extension Resistance level.
RSI+ and LMACD shows signs of weakness which it expected to rise and improve as price is on support level. If somehow price drops, the next major support is $0.62.
The next major resistance levels are $1 (both price action and mentally important), $1.1, $1.17 and ATH, $1.24. if it breaks ATH the next major Resistance is $1.47.
The scenario I am expect to see is price move up and down to form a flag between upper trend line of parallel trend and support level until the Phala network participate in one of the parachain to have a breakout roughly mid Nov.
Please comment if you would like to add anything or tell me your opinion about your analysis.
phausdtbuy at support, sell at resistance and repeat.
it can be a great strategy for day traders and scalpers
Phala Network is getting ready to take off!Ohala Network has a good chance of winning the KSM/DOT ecosystem parachain auction. With the daily squeeze indicating a massive move. Any thing $.90 and below might be a great entry. My 1st price target
is $1.40 and my next targe if we break that is $4.
Phala is here The next trend will be web3
BINANCE:PHAUSDT phalanetwork has finally started pumping. Been watching it go sideways since I started accumulating it it at 0.70 weeks ago
Target 1 : 0.96$
Target 2 : 1.08$
Target 3 : 1.2
Target 4 : +1.6$
PHA in the next few hoursHello,
maybe im new, but i see the cup and the handle is clear. The target may reach the bold blue line.
thats my thoughts :)
Pha about to explode ... Phala Network months long accumulation and no movement i feel this could be massive your decision your choice but definitely a worthy contender
PHA update-- possible playoutAfter 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 lost, we may even see a pullback to one of the support levels.
Which scenario is most likely to happen? Let me know in the comments!
PHALA (PHA) bouncing nicely off the longer term supportPhala is still looking bullish! This coin has been ranging for a very long time, so when we really break out we can expect a monster pump! Especially with Parachains starting soon!
PHA LONGSphala network fundamentals on point, tecnically is on the D OB on phase D of accumulation process
PHA LONGSPhala last poit of suport on bigger timeframe accumulation, phase D nice entry oportinity on the H4 OB.
Phala Network (PHA) technical analysis: Ascending Triangle PHA is currently trading in an ascending triangle and shows a clear buildup — creating higher lows into Resistance (re-testing the trendline numerous times), which is a sign of strength as there is no selling pressure and buyers are willing to buy at higher prices.
It has been trading against resistance since the 22nd of February. I therefore expect a reasonable breakout to the upside in the next week or so.
Go long when the price trades above the highs or wait for the price to break and close above the high.
Exit trade when the price closes below 20MA.
For your information. In the next few months they will introduce several big updates, such as the launch of their new testnet Vendetta, pre-mainnet, and the support for Polkadot parachain consensus.
-If you agree with this, like and share.
Cheers.
PHA USDT SHORT TERM FOR COMING DAYS PHA USDT short term and if you hold ot if you can wait buy at 0.8102 TP: HODL
