Phoenix Global (PHB) Chart Analysis + Upcoming Bullish Event
Here we have the PHBBTC chart and it's upcoming event...
First, the event.
Phoenix Global will do a "Token Redomination", according to an article shared on Medium.
They are going to reduce the token supply by 100.
For every 100 old PHB, there will be only 1 new PHB.
Now the chart.
We have a 1,2,3 sequence mapped here.
This is very common.
We have the usual higher low compared to January, something we see with every other Altcoin. I predicted this would happen years ago.
(1) Is the price drop. After a strong bullish wave a correction takes place. This is normal.
(2) Consolidation/accumulation. After the correction is done, there is a phase of accumulation where the whales have time to rebuy and reload.
(3) What goes next is the price jump.
All these details can be found on the chart.
Thank you for reading.
Come back again and again.
Hit LIKE, comment, FOLLOW ME and make sure to share.
Namaste.
First, the event.
Phoenix Global will do a "Token Redomination", according to an article shared on Medium.
They are going to reduce the token supply by 100.
For every 100 old PHB, there will be only 1 new PHB.
Now the chart.
We have a 1,2,3 sequence mapped here.
This is very common.
We have the usual higher low compared to January, something we see with every other Altcoin. I predicted this would happen years ago.
(1) Is the price drop. After a strong bullish wave a correction takes place. This is normal.
(2) Consolidation/accumulation. After the correction is done, there is a phase of accumulation where the whales have time to rebuy and reload.
(3) What goes next is the price jump.
All these details can be found on the chart.
Thank you for reading.
Come back again and again.
Hit LIKE, comment, FOLLOW ME and make sure to share.
Namaste.
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