PHAUSDT
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#PHA
The price is moving in a bearish channel pattern on the 4-hour frame, and it adheres to it well, and it is expected to break to the upside
The price rebounded well from the lower border of the channel at the green support level 0.1650, which is a strong level.
We have a tendency to stabilize above the Moving Average 100
We have oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher
Entry price is 0.1900
The first target is 0.2330
The second target is 0.2600
The third goal is 0.2884
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
#PHA/USDT#PHA
The price is moving in a bearish channel pattern on a 12-hour frame,
which it adheres to perfectly.
We have stability above the moving average of 100.
We have a downtrend on the RSI indicator that supports the rise and is about to break higher
Entry price is 0.2444
The first target is 0.2724
The second target is 0.3228
The third target is 0.3650
PHA looks bullishAccording to PHA, it is also in the bullish wave C. The degree of this wave is big and it is expected to continue for weeks.
The volatility of this coin is high, so you should enter this currency on a good support. The green range is the low-risk range for entering a buy/long position.
The target is clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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 :)
PHAUSDT.4HBased on the provided market data, the PHA/USDT pair has a current price of $0.1190. The relative strength index (RSI) indicates that the currency is neither overbought nor oversold in the 4-hour, 1-day, and 7-day timeframes, as the RSI values are below 70.
The Moving Average Convergence Divergence (MACD) for the 4-hour and 7-day charts are positive, suggesting an upward price momentum. However, the MACD for the 1-day chart is negative, indicating a potential bearish divergence.
The price is currently below the Bollinger Band's middle line in all timeframes, which might signal a potential increase in price if it reverses towards the upper band.
In terms of support and resistance levels, the first resistance level on the 4-hour chart is $0.1230, followed by $0.1256 and $0.1286. On the 1-day chart, the first resistance level is at $0.1231, and on the 7-day chart, it's at $0.1314.
On the other hand, the first support level on the 4-hour chart is at $0.1152. If the price breaks this level, the next supports are at $0.1074 and $0.1025. On the 1-day and 7-day charts, the first support levels are at $0.1149 and $0.1058, respectively.
In conclusion, the market data suggests a mixed outlook for PHA/USDT. While there are signs of potential upward momentum, the negative MACD on the 1-day chart and the price being below the middle line of the Bollinger Bands might indicate possible downward pressure. It's important to keep an eye on these indicators and adjust your trading strategy accordingly. This analysis is for informational purposes and should not be considered as financial advice. Always do your own research before making investment decisions.
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.
PHA/USDT - Phala Network: TrendLine Touch◳◱ On the $PHA/ CRYPTOCAP:USDT chart, the Trendline Touch pattern suggests momentum building up for a significant move. Traders might observe resistance around 0.1094 | 0.1151 | 0.1277 and support near 0.0968 | 0.0899 | 0.0773. Entering trades at 0.1098 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Phala Network
▣ Rank: 358
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc
▣ Category/Sector: N/A
▣ Overview: Phala Network project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.1098 ₮
▣ 24HVol: 7,690,549.656 ₮
▣ 24H Chng: 1.761%
▣ 7-Days Chng: 2.70%
▣ 1-Month Chng: 11.65%
▣ 3-Months Chng: 31.91%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.1094 | 0.1151 | 0.1277
◢ Support: 0.0968 | 0.0899 | 0.0773
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 2.31
▣ Last 90D: 1.60
▣ Last 1-Y: -0.22
▣ Last 3-Y: 0.75
◲◰ Volatility :
▣ Last 30D: 0.59
▣ Last 90D: 0.59
▣ Last 1-Y: 0.82
▣ Last 3-Y: 1.76
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.60 - Bullish
▣ Reddit sentiment score is 0.47 - Bearish
▣ In-depth PHAUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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