PHA is showing signs of a potential bullish reversal after bouncing off a long-standing support zone. Price has consistently respected this support level since mid-2022, creating a strong base. Now, we’re seeing bullish momentum building as the weekly candle breaks above the 50-week EMA, which had acted as dynamic resistance in the past.
A break above the recent swing high could trigger a larger move toward the $0.25–$0.35 resistance area. As long as the support zone remains intact, the structure remains bullish.
Cheers
Hexa
A break above the recent swing high could trigger a larger move toward the $0.25–$0.35 resistance area. As long as the support zone remains intact, the structure remains bullish.
Cheers
Hexa
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🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
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🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
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.