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
Phbusdt
PHB X2 incoming. PHB is in this channel for almost a month know. I don't see it droping lower than 0,025 and that is the perfect buying position.
According to this analysis it will reach arround 0,045-0,05 by half April. Get your x2 folks.
Always do your own research. Like if you agree.
PHB/BTC (Test Swing Low Support?)💎Technical Analysis Summary💎
BINANCE: PHBBTC
-Red Pulse Phoenix is trading on a downtrend channel
-This is Bullish only if the pattern breaks to the upside
-Currently, it is near the swing Low support at around 20 sat
-If this level will hold for a few days or so
-There is a good chance this coin will breakout up to 40 sat
-Bearish scenario, close below 20 sat will result in further decline
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PHB/BTC (200D MA Key Support?)PHB/BTC
-The price bounces strongly after the 2nd retest of 200D MA
-The 33 sat zone is a confluence of ascending trendline, previous support & 200D MA
-If PHB can hold current price level and not close below the green support
-The chances of going up are higher, it might retest the recent swing top @ 55 sat
-No red flag as long as the upward trendline remains valid
PHB/BTC TA Update (New Market Structure?)PHB/BTC
PHB broke a major support at 48 sats, that is not looking good in mid-term bullish plans.
This 48 sat area could turn into new resistance and PHB could face harsh rejection from it.
If PHB can't get pass through it, the tendency is a pullback to retest new Swing Low at 40 sats.
It is a major problem for bulls to get things back in the right direction.
Lots of works to be done and much longer accumulation will be made.