PHB Technical Analysis
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Now, let’s dive into this chart analysis:
PHB/USDT is currently trading within a descending triangle pattern, with the price approaching a critical support zone. The support zone between $1.380 to $1.550 has provided strong buying pressure, preventing further declines.
A bounce from this support area could indicate a potential reversal.
- Support/Entry: $1.380 to $1.550.
- Primary Resistance: 50 EMA at $1.867.
- Invalidation point: A breakdown and close below the support level.
DYOR, NFA.
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#PEACE
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
PHB/USDT is currently trading within a descending triangle pattern, with the price approaching a critical support zone. The support zone between $1.380 to $1.550 has provided strong buying pressure, preventing further declines.
A bounce from this support area could indicate a potential reversal.
- Support/Entry: $1.380 to $1.550.
- Primary Resistance: 50 EMA at $1.867.
- Invalidation point: A breakdown and close below the support level.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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