PHB/BTC LONGTechnicals: On the daily chart we can see that we broke past both 50 and 100 MA and found resistance at 200 MA. We are now consolidating inside the cloud of which I believe we will brake out from within a week from now. 50 and 100 MA will also cross bullish around that time and we are about to get a bullish kumo twist. There are tones of bag holders in the 30-55 sat range so thats where I believe the next resistance will be. Clear that range and it should be blue skies.
Fundamentals: PHB recently merged with Apex and are together creating a new Defi platform called Horizon on Binance Smart Chain which is set to launch this quarter. The 100m supply for Horizon (HZN) will be 100% community owned. No team or VC allocation and you will only be able to obtain HZN by staking PHB. This should create incentive for both projects to rise in vanlue.
We havent really gotten a full blown alt season yet, especially not for low cap coins. BTC.D still has plenty of room to go down and ETH/BTC has just made its first leg up. Its lagging grossly behind ETH/USD and BTC. I think we are just waiting for BTC to actually top out and that, of course is the most difficult thing to predict. At what price and when.
These are just my opinions and should not be taken as financial advice.
PHBBTC trade ideas
Clear C&H breakout for PHB/BTCBINANCE:PHBBTC
Another insteresting set up for PHB / BTC
We have a clear cup and handle formation on the daily chart that has already been broken out with a successful retest at 18sats
C&H formations are rare patterns that when they come into play are usually strong and means reversal
Here we formed a rounded bottom and as the trend started the upwards movement we also got rising volume which points that bullish sentiment is in play
The coin should continue from here and might offer at least a 100% returns
Potential take profit areas are marked on the chart with red
Happy trading y'all
#PHBBTC (watchlist)What we mean by Add this coin to the watchlist ?! 👀
This means the coin we mentioned shows a reversal pattern or moving near a historical bottom, around or above good support, increase in trading volume , accumulation stage, etc, so, we tell you to keep your eyes on this coin until the right time for entry and buy.
Ps:
-Charts here is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure doing your own research,
We ask Allah reconcile and repay
✳️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.
Red Pulse Phoenix Binance Breaks Up As Predicted!Just as we predicted a few days ago...
The Red Pulse Phoenix Binance (PHBBTC) chart looks very similar to Po.et (POEBTC) , which is also bullish.
Many altcoins are now starting to rebound with very good strength...
This means that the market will turn green once again.
Previous chart:
Namaste.
PHBBTC is retesting the bottom 🦐PHBBTC is retesting the bottom inside a descending channel. The chart is very similar to XVGBTC .
IF the price will break the channel and retest the previous daily resistance, According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Red Pulse Phoenix Higher Low (Low Risk/High Reward)PHBBTC printed a strong bullish wave after a low was hit back in May.
This wave produced 175% in growth.
Right now, almost 100% of these gains have been removed/wiped out... And this is good news.
This is good news because "once you hit bottom, the only place left to go is up".
We can say that PHBBTC bottomed out, almost... Support was found at a higher low.
From the current prices, we can end up with a new bullish wave that will go higher than the one we saw before.
In a matter of just a few weeks, we will see this altcoin pair print really good growth.
Namaste.