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Phalanetwork

🆓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
Long
by CryptoStation
1
Phala is going to be massive...TA and Fundamental analysisDisclaimer This technical analysis by no means, is a financial advice, Please do you own research. Before I start I would like to say Fundamentally Phala is strong, the idea, team and also the fact they won a parachain in Kusama (Khala Network which is Phala's Canary Network). Hence, I am biased in favor of longing, but now let's jump into TA to find the major S/R levels. Since 9th of Oct, Price is ranging between upper and middle line of downward parallel channel. Yesterday (6th of Nov) a hammer candle potentially can illustrate there is more demand for the current price after a rapid 3 days drop in price. If Price moves towards Volume profile POC with strong green candles, it can expected to break the volume and Fib extension Resistance level. RSI+ and LMACD shows signs of weakness which it expected to rise and improve as price is on support level. If somehow price drops, the next major support is $0.62. The next major resistance levels are $1 (both price action and mentally important), $1.1, $1.17 and ATH, $1.24. if it breaks ATH the next major Resistance is $1.47. The scenario I am expect to see is price move up and down to form a flag between upper trend line of parallel trend and support level until the Phala network participate in one of the parachain to have a breakout roughly mid Nov. Please comment if you would like to add anything or tell me your opinion about your analysis.
Long
by MBCryptocurrency
PHA update-- possible playoutAfter my previous publication the price had a breakout attempt, but it was rejected (that was expected). Now- If the price manages to stay above the area of highest volume, we may see another breakout attempt soon. Otherwise, it will go back to accumulating with occasional spikes and this phase could last another weeks, months, who knows... If the momentum is lost, we may even see a pullback to one of the support levels. Which scenario is most likely to happen? Let me know in the comments!
by V0VOLAN
3
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. ' ^_^
by SatoShinobi