$PHA/BTC 12h (Binance Spot) Falling wedge breakout & retestPhala Network pumped then got rejected on 200MA resistance, now heading towards 50MA support where we expect a bounce back!
Current Price= 0.00000970
Buy Entry= 0.00000960 - 0.00000876
Take Profit= 0.00001169 | 0.00001472 | 0.00001979
Stop Loss= 0.00000751
Risk/Reward= 1:1.5 | 1:3.32 | 1:6.35
Expected Profit= +27.34% | +60.35% | +115.58%
Possible Loss= -18.19%
Fib. Retracement= 0.382 | 0.559 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2 months
Websites: phala.network app.phala.network
Contracts:
#Mainnet
#ERC20 0x6c5bA91642F10282b576d91922Ae6448C9d52f4E
#BEP20 0x0112e557d400474717056c4e6d40edd846f38351
#HECO 0x51aa144e0c2fec20c5f19e25352838ff7fe1ed74
PHA
🆓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/BTC buy opportunityHi followers,
BINANCE:PHABTC formed very nice falling wedge pattern, which already broken to the upside and retested.
A breakout of the previous swing high will confirm the reversal to the up side with big potential.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
PHA - Phala Crosschain privacyPhala are already live on KSM. Currently the primary privacy project in the DOT / KSM ecosystem and could be one of the main crosschain cloud compute platforms in the future.
Chart also looks bullish. Massive consolidation triangle on the daily, and the RSI has broken resistance.
Some bullish news could be on the horizon as well regarding partnerships.
PHA - Possible ParachainPhala is one of the more commonly cited projects with a shot at parachain status on Polkadot.
Technicals look bullish at the moment as we have completed a 5 wave move up as well as what looks like a running flat correction.
I'm never sure how to deal with those first day pumps in terms of wave count, so we have completed 1 or 3 of 5. Anyone with thoughts on those first day pumps in terms of wave count, please let me know.
Phala.Network (PHABTC) Trade SignalENTRY: 0.00001400 - 0.00001600
TP1: 0.00001660
TP2: 0.00001840
TP3: 0.00002050
TP4: 0.00002420
TP5: 0.00002700
TP6: 0.00003100
STOP: Close daily (D) candle below 0.00001300.
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This is not financial advice.
Make sure to build your own plan/strategy before trading.
Patience is key.
Namaste.
PHA is looking 'phantastic'Great sideways movement since it got added on Binance. Lots of chop in the same area and it looks like re-accumulation to me. The trend is very clear and still up and I like how it is essentially back to where it had started trading on Huobi. Usually these turn into massive moves to the upside ones this range is resolved. Very bullish
At convenient shopping pointsResistance marked with a red line There is a possibility of high hunting of this resistance, you should find the right entry position in the pullback to the lower supports and have a proper entry
According to the specified timelines, the reaction to these timelines should be seen