PHA update-- possible playout
Updated
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 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!
Which scenario is most likely to happen? Let me know in the comments!
Note
Scenario #2 played out. 0.63 is a strong support hopefully it holds, but if bitcoin keeps dumping the next levels are 0.54, 0.46 and 0.40.Note
- Scenario #2 played out
- Adjusted lower-trendline
- OBV still rising *big divergence*
- Because of what happened
PHAUSDT isn't my priority anymore. The accumulation can last another month, or two, or it can blow up 100% tomorrow- no one knows. I'm still holding some, but there are other more "obvious" and "immediate" opportunities out there.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.