PHB CorrectionIt can still be downward. Wherever there is resistance, place a stop above it with a little distance
PHBBTC
PHB Trade setupHere's a quick look at the PHB 1 hr chart. As we can see, the price has been forming a bigger descending triangle and the best entry would be when the price breaks above the triangle.
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The idea is: Buy when the price breaks above the triangle and take profits at the levels shown in the chart.
Targets:
1. 1.47$
2. 1.6$
3. 1.75$
4. 1.85$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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PHB Phoenix Global (new) formed Gartley for upto 43% moveHi dear friends, hope you are well and welcome to the new trade setup of PHB Phoenix Global (new)
On a 4-hr time frame, PHB has formed 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
PHBUSD Break long term high CCI level 6h PHB USD breaking above.
After a rough beginning of the year we are starting to see signs of a long-term reversal.
After consolidating below previous level we are seeing a rise above previous resistance.
This is the first measurable occurrence of a breakout over consolidation since the redenomination.
Phoenix Global Update | The Last HurdlePHBBTC hits a new high just now of 23 satoshis, the first time since early September.
The main resistance to break through is set in the 25-26 satoshis range (0.00000025 - 0.00000026).
As soon as this level is cleared/conquered, we can expect fast/massive growth.
Additional details on the chart.
Namaste.
$PHB, Multiple bullish signals as its making a new Monthly high $PHB
Multiple bullish signals as its making a new Monthly high
Trying to break above ~22 sats w/ UCTS 1D Buy signal in place and 2D Buy flashing..
Would like to see stronger volume or a flip above this level as signal of continuation
Targets aiming to 27/30/40 sats
#PHB
Phoenix Global Consolidation Plus Signals ExplainedHere we have Phoenix Global (PHBBTC) which we have been waiting for a while...
This pair has been consolidating since June when the first low was hit after April's peak.
15 Satoshi continues to be our baseline and so far we are looking good as prices remain above this level.
The reason I am writing about this pair today is that I saw a challenge of EMA50 (18 satoshi/ 0.00000018) which is the most important level to look at short-term pertaining to strong bullish growth.
We also see EMA10/21 being challenged/conquered.
Now, here is the signal that gives away the fact that the consolidation period is reaching its end.
Notice PHBBTC from May printing lower lows.
Now I will show you the RSI and MACD, both printing higher lows.
MACD:
RSI:
That's a bullish divergence.
When combined with the signals we read above it makes for a strong case that it can only take a few weeks before the next bullish run.
The time period can vary wildly, we do not worry about it, we simply buy and we hold.
Patience is the key.
That's my strategy.
Thanks a lot for your continued support.
Namaste.
P.S. There can always be one last strong checkout before the bullish wave becomes 100% obvious.
Sometimes it is a long wick or it can take a week.
We use manual stop-loss and do not worry about this.
PHB near the bottom again, nice opportunity for buy and holdYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
Phoenix Global (PHB) Chart Analysis + Upcoming Bullish EventHere we have the PHBBTC chart and it's upcoming event...
First, the event.
Phoenix Global will do a "Token Redomination", according to an article shared on Medium.
They are going to reduce the token supply by 100.
For every 100 old PHB, there will be only 1 new PHB.
Now the chart.
We have a 1,2,3 sequence mapped here.
This is very common.
We have the usual higher low compared to January, something we see with every other Altcoin. I predicted this would happen years ago.
(1) Is the price drop. After a strong bullish wave a correction takes place. This is normal.
(2) Consolidation/accumulation. After the correction is done, there is a phase of accumulation where the whales have time to rebuy and reload.
(3) What goes next is the price jump.
All these details can be found on the chart.
Thank you for reading.
Come back again and again.
Hit LIKE, comment, FOLLOW ME and make sure to share.
Namaste.
PHBBTC (05/05/2021)On the 1W chart, the price of PHBBTC has formed a falling wedge, the border of which the price has already successfully crossed.
Also, the upward movement was accompanied by increasing trading volume, which indicates a strong bullish sentiment.
On the 1D chart, the PHBBTC price has corrected to the level of 50% by Fibonacci, where solid support has been established.
At the moment, a possible initial growth impulse has been formed, which may become the beginning of the continuation of growth.
We recommend buying PHBBTC at current prices to keep the position above 0,000001.
PHB at accumulation zonePHB is now trading at the long accumulation zone. There is a lot of accumulation is done in this zone and we already see a good rally in PHB. PHB is now preparing for the second rally. PHB staking is started on the BSC chain to farm tokens, which will reduce the supply from the market.
Buy Zone: 36-37
Target: 41-44-49-55-61-66-71-79-85-92-99
PHB ready for another leg upPHB is now forming a triangle and now at the support line. Phoenix Global team is working on the developments and partnerships of the project. PHB recently deployed on the Binance smart chain and staking pools are confirmed. Phoenix Oracle beta version is about to launch in the coming weeks. PHB is now running on the testnet and the team is working to roll out the Phoenix mainnet update.
Buy Zone: 51-52
Target: 58-64-69-76-83-90-98-107-118-133-147-159-174
PHB forming symmetric triangle PHB is now forming a symmetric triangle and now at the support line. Phoenix Global team is working on the developments and partnerships of the project. PHB recently deployed on the Binance smart chain and staking pools are confirmed. Phoenix Oracle beta version is about to launch in the coming weeks. PHB is now running on the testnet and the team is working to roll out the Phoenix mainnet update.
Buy Zone: 53-54
Target: 59-64-69-76-83-90-98-107-118-133-147-159-174
PHB perfect cup and handle PHB formed the perfect cup and handle pattern and now retesting the support line. PHB team recently launched the alpha version of oracles and soon will roll over the beta and full launch of oracles. We all see how oracle and low sats coins are pumping in this altseason and expecting the same with PHB.
Buy Zone: 22-23
Target: 26-29-32-35-38-41-45-49-55-61
✳️Red Pulse Phoenix Binance/BTC (25/10) #PHB $PHB #PHBBTCPHB is moving inside a Descending Triangle pattern and look like PHB is trying to break the lower edge, which is 22sts.
If this 22sts level be broken, PHB may dump to 15-16sts in just some days and here is quite worthy to buy in with tight stoploss is 14sts.
But PHB is a pump & dump coin, so it may make a flash pump anytime. So we will buy it if it turns back to 25-26sts because it will move up quickly to 34-35sts and the final target that we can measure is 45sts zone.