SOULBTC
Phantasma the little gem that started to shineSOUL recently got a new USDT pair on Kucoin and essentially since then it has started a pretty serious strong trend. In USD terms it perfectly retest the 0.3 level which was a key breakout level and bounced really hard. The coins that have bounced the hardest after a big dip are usually the ones that do the best in the next few days / weeks.
Phantasma has had this perfect accumulation in BTC terms for so long and is definitely still somewhat cheap or fairly priced vs BTC. In my opinion its chart looks a bit like DERO, DAG and several other Kucoin gems, however its at the early stages before a mega pump. It's super clean and super strong, a perfect accumulation chart.
It is also an NFT related coin/token that hasn't had a huge pump yet and is one of the very few that didn't crash badly in this correction. In my opinion NFT related tokens still have a lot of potential although they might take the backseat for a bit longer, but some of these coins/tokens will do very well and SOUL is on of them.
Phantasma Breaks Downtrend (133% Target Mapped)About Phantasma
Phantasma describes itself as a fast, secure, and scalable blockchain solution that allows developers to build decentralized applications (dapps) and facilitate interoperability with other blockchains while maintaining a decentralized governance system.
Source: coinmarketcap.com
Website: phantasma.io/
Here we have the chart for Phantasma vs Bitcoin on KuCoin, which goes by the trading pair SOULBTC.
Here we have one major signal to look at and that is the broken downtrend.
Notice the purple trendline has been active since Sept. 2019.
With this level now conquered, SOULBTC can easily grow.
We also have the MACD and RSI both looking really, really strong.
Remember to build a plan/strategy if you decide to trade.
Thanks a lot for your support.
Namaste.