PHALA - Sssshhhhh Here we have a serious privacy coin contender... everyone is so hell bent on privacy coins, yet dont operate a simple VPN lol, The best way to get hold of this coin would have been to get involved in the Kusama parachain auctions, i think they were giving 125 PHA for one KSM put forward, now if you are staking KSM, then its a great move... eitherway, PHA is the privacy coin on Kusuama network. However with all other privacy coins booming... it would be wise to keep one eye on this one.
Phala
Phala is set for unknown highs ! Hey fellow traders it's been a while since I posted here, needed a break from the charts. But here I am back to share my alphas with everyone ! Never forget to DYOR though.
So today I'm sharing a Phala chart on 1D since there's quite a bit of my indicators flashing and a quite important bullish divergence on RSI 14. Also as you can see I've made us a couple trend lines to keep track on a long period of time because " Money goes from the impatient, to those whose virtue is patience. " -Forgotten the name...
On top of that, the actual trend angles are more than pretty signaling an almost imminent "scam wick" upside move add to that the insane money flow that just happened past sunday. I'm expecting it in 1-3 days but as always maybe I'm wrong so DYOR do not base your investment just with my insights these are ideas.
That said I wish everyone an awesome summer and don't forget to enjoy life and stop looking at your binance mobile app every two minutes. I'm saying this 'cuz it was my case before taking time for myself. ' ^_^
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 target priceFirstly this is not financial advice. Secondly, always do your own research before investing in crypto. The price target here is based on the Lord Skin's formula.
Below is taken from CMC
Phala Network is a privacy-preserving cloud computing service, which offers computing power comparable to existing cloud services and protects the privacy of managed programs. Based on TEE-Blockchain Hybrid Architecture, developers can deploy confidential smart contracts running inside the TEE Enclaves in the CPU.
Phala is also based on Substrate, and will run as a parachain of Polkadot ecosystem.
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