Phalanetwork
Phala Network (PHA) completed a setup for upto 20% pumpHi dear friends, hope you are well and welcome to the new update on Phala Network (PHA) coin.
Recently we caught almost 20% pump of PHA as below:
Now on a 4-hr time frame, PHA has formed a bullish BAT move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
PHA/USDT Showing Positive Signs to Breakout From a Falling Wedge💎Paradisers, #PHA is compressed between falling wedge trendlines and gaining momentum for a breakout.
💎Once it breaks out, we'll wait for a retest for confirmation before planning our trade. The retest phase often follows a breakout and provides an excellent opportunity to validate bullish momentum. If #PhalaNetwork holds support at $0.166 and continues its upward climb, the next target lies in the resistance zone we've projected.
💎However, if #PHAUSDT struggles to maintain support and dips back into the wedge, it will indicate a weakening bullish trend. In this scenario, the price may drop further to the next significant support level, around $0.146.
💎Historically, PSE:PHA has shown resilience by rebounding decisively from this level. If this pattern holds, a strong bounce could occur. However, a decisive candle close below this support will challenge the bullish outlook and signal a shift toward a more bearish trend.
MyCryptoParadise
iFeel the success
Phala $pha #pha #phala $phalaPhala has been trying to show strength and bounce back during this correction and if it can stay above the $0.19 range it may just be a nice setup for going back up higher.
Old resistance from back in February 2023 are now trying to act as new support. This also coincides with levels from February & March of 2022. Further giving added structure to this idea.
IF we lose the $.19 level, we have major Support levels at $0.10 & $0.08
We are currently below the SMA 9 & 50 as well as the EMA 20.
My next level of focus from the bands will be the SMA 180 which currently is in the $0.145 range.
This project in the last bull cycle topped out in the $1.40 range so there is a LOT of possible upsides to this project if and when this cycle tops out and or if we worst case scenario just had a very early cycle rare Triple top and alt season ius over (doubtful) Great entries for the next cycle. This project IS building still and has all the right narratives going forward with all the right upcoming hype.
I've purposely given you the same chart and layout but on two different time frames to help newer traders coming into this cycle see how different things can look on a daily vs a weekly time frame.
I think that this can really help speed up learning for many and to open their minds to variables.
As you see the daily can easily in this case look much more instantly bullish and give you the greater feeling of FOMO #Fomo to jump in. Whereas the weekly can give you more of a tactical view and help with your approach being so.
Hopefully some of you find this chart helpful during this stressful pullback/flush that I'm aware has really beaten down and or killed many portfolios for traders.
I've fallen off on posting/sharing my charts these last few months while I was trading ALOT myself and on multiple platforms and various ideas. However, during these more stressful times I will try and stay more active with updating what community I have.
For my birthday without cause or warning X shutdown my larger account @RareBreedOG so I'm starting over fresh with almost no followers now for the algorithm. That being said I would greatly appreciate help with you hitting the like /Follow/share buttons as much as possible if you find these charts helpful at all or even just want to help me rebuild my following after getting Fu**ed by X. For this reason, I don't plan to pay for a checkmark this time around either, but you can all help give me reason to keep sharing and not just leave to other platforms.
Everyone stay safe and trade wisely and be careful with leverage in these uncertain times.
PHALA NETWORK :PHA Buy this break and retest for a doubleBullish outlook as long as the demand zone is not breached (of course :))
But a decent structure that appears it wants to run
You can make a good trade out of this
or if u already hold it , give u conviction to hold further if its been painful
I have done no fundamental research on this coin :)
I just draw lines on a chart - most of the time :)
PHA Ready for a Bull Rally? 👀🚀 PHA Analysis Today 💎 Yello, Paradisers! prepare for an exciting trading opportunity with PHAUSDT. Currently, it's showing significant activity in the demand zone, hinting at a potential shift to an upward trend.
💎 PhalaNetwork has been consistently following a trading channel pattern. It has already broken above this channel once, and we expect it to approach a resistance level before likely retracting, consistent with its channel behavior.
💎 There's a notable probability of a bullish trend initiating from the support level around $0.0950. With PHA having successfully broken out of the trading channel upwards, it's now set to target resistance levels around $0.12.
💎 Timing is crucial for discerning Paradisers. Pinpointing the optimal entry points during this upward movement is essential. It's advisable to avoid buying at the peak of this trend.
💎 Exercise caution, as there's also a possibility of PHA dropping below the $0.0950 support level. A decline past this essential point might lead to doubts about the longevity of the upward trend.
Phala Network (PHA) formed bullish Gartley for upto 58.50% moveHi dear friends, hope you are well, and welcome to the new update on Phala Network ( PHA ) coin with the US Dollar pair.
First of all congratulations to you all, for another such wonderful long-term trade, which is completed now. And it has rallied more than 530%
Now on a 4-hr time frame, PHA is about to complete the final leg of a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
PHAUSDT up +600% in three days! Where to buy next?*** ***
For this particular analysis on Phala Network we are using the PHAUSDT symbol on the OKX exchange.
*** ***
The idea is on the 1D time-frame where PHA is having an incredible stretch rising +600% since its Thursday bottom! This massive pump broke above its 1D MA50 (blue trend-line), 1D MA200 (orange trend-line) and 1W MA50 (red trend-line) in just two days! With the 1D RSI vastly overbought, the questions arises: Where can we buy next?
Naturally, a strong pull-back is expected on Phala Network based primarily on short-term profit-taking. The strongest candidate will be the 0.5 - 0.382 Fibonacci retracement zone (counting from the September 16 2021 High), which has been the High Volatility Zone from late January to early May 2022. If that fails, the final buy entry can be made on the 0.618 Fib (orange lines) of this recent pump move. Additionally when/ if the RSI hits the 30.000 level. In either case, the next target should be the 0.786 Fib and the 2021 High itself.
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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Phala Network (PHA) formed bullish BAT for upto 942% rallyHi dear friends, hope you are well and welcome to the new update on Phala Network ( PHA ) coin with Bitcoin pair.
Previously we had a nice trade of PHA:
Now on a monthly time frame, PHA has formed a bullish BAT pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Phala Logarithmic ChannelPhala does not have enough history under its belt to get a very accurate channel, but with what we have so far this is the best that can be done. I have also outlined the areas of major support channel and major resistance channel. Definitely a great project with a massive amount of potential. If the support holds here it will confirm this channel and give us the green light.
PS: I created this channel for Phala back in July of 2021 and has so far been respected very well. The only thing it has not tested yet with confirmation is bottom of the channel which it is doing as I make this post. Once we have this confirmation of support (which so far seems to be respecting it) we will confirm this channel.
🔰PHA- expecting breakout attempt soonBINANCE:PHAUSDT is on the way to 0.33x area to test dynamic and static resistances as well as EMA 100; and possibly try to break out from the channel. But rejection from this level shouldn't come as a surprise either.
If we see a successful breakout, we can expect further continuation to the upside in the near future (too early too speculate)
Long term targets would be then:
0.33
0.40
0.53
0.59
0.74
1.05
1.23
1.45
🆓Phala Network (PHA) Feb-12 #PHA $PHA
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📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.28$ zone
🔴Buy : 0.3 - 0.28
🔴Sell : 0.4 - 0.5 - 0.6
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.28$ zone
🔵Sell : 0.28
🔵Buy : 0.24 - 0.2
❓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
Phala.Network vs Tether Goes Bullish | 300% Potential ProfitsWe have a situation with Phala.Network where both pairs are looking bullish now, the PHABTC and PHAUSDT.
This is PHAUSDT (Phala.Network vs Tether) on the daily timeframe.
We have a high volume breakout that pushed prices above EMA10/21, EMA50 is still being challenged today.
Seeing the strong RSI and how the PHABTC pair is going, we can expect this one to follow (green arrow).
Nice target at 300% but we can first at 20%, 30%, 50% or so... We secure our trade, rebuy and reload and then wait for some more.
You can find additional details on the chart.
Namaste.
PHALA, NICE PROJECT! >_-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.
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It is technically in a great support of static, dynamic and golden 61.8 Fib step...
$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