PHBUSDT trade ideas
PHB Technical AnalysisHello everyone, Iโm Cryptorphic.
For the past seven years, Iโve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, letโs dive into this chart analysis:
PHB/USDT is currently trading within a descending triangle pattern, with the price approaching a critical support zone. The support zone between $1.380 to $1.550 has provided strong buying pressure, preventing further declines.
A bounce from this support area could indicate a potential reversal.
- Support/Entry: $1.380 to $1.550.
- Primary Resistance: 50 EMA at $1.867.
- Invalidation point: A breakdown and close below the support level.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis youโd like to see!
Thank you!
#PEACE
PHBUSDT long Spot TradePHBUSDT Elliott Wave Technical Analysis
Mode: impulse
Position: Wave (4)
Direction: Wave (4) is still in play
Details: Wave (4) is still in play which I expected to be end around 2.2-1.95 which will be my entry point.
Next Direction: Wave (5)
Targets :
TP1: 4.3 with about 100% profit
TP2: 4.9 with about 140% profit
TP3: the area between 5.2-5.4 with about 160% profit
Wave Cancel invalid level: Daily closing below 1.79 with 12% loss.
Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
PHB buy setupThe large structure of the PHB is a bear. But recently a bullish iCH has been formed on the chart and the price is constantly making higher Hs.
It is expected that the price will move towards the targets by meeting the demand.
The targets are clear on the chart.
Closing a 4-hour candle below the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
PHB looks bearishPHB appears to be involved in an ABC correction.
Now it looks like the inside of wave B and wave B looks like a triangle.
The red range of supply is the best place for a sell/short position.
The targets are clear on the chart
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
PHBUSDT is BullishBullish RSI divergence appeared on 1H time frame, and after that previous lower high was broken and a higher high was printed. Hence, it seems that bulls have taken control of the price action and new highs could be expected from here. Currently price is printing a higher low and would soon break previous higher high. Targets are mentioned on the chart.
PHB W consolidation.4h OS at support.Daytrade for a quick flip. PHB 4h OS at support.
D rising wedge marked the top.
Playing for a daytrade flip .
I would say W consolidation underway. D was a bearflag. tiny pivot.
Lost D ema 12.
not a great setup for 4h OS to catch W HL. trade smaller.
I think the lower POC will have to be revisited.
set alarm for the lower POC.
PS: 2H STAIRSTEP drop.
ALso check for news. PHB and me have some unhappy history from end of Feb/March.
How To Trade NEW ALTS - SECRET PATTERN ๐New Alts - a Pattern
Newly released alts all seem to follow the same pattern, at least for the first few weeks. From the frontpage chart, you'll notice a very interesting "fractal" if we can call it that.
It goes something like this:
๐ Opening Candle ๐ฅ Top Out ๐ Hard Drop โ Re-enters opening price or goes under ๐ Bottoms out (HERE IS WHERE YOU BUY) ๐ Higher Highs follow.
With this said, it seems evident that you should WAIT to buy a coin that has just been released on the exchange. Although you could try to jump in to the moving train, the risk is simply too high if you do not already have a position.
Worried that you missed the PUMP? Don't worry! Here's a list of strong coins that can return high profits, IF you're willing to wait for the right entry:
1) JTO : BINANCE:JTOUSDT
2) RVF : MEXC:RVFUSDT
3) AIUSDT: BINANCE:AIUSDT
4) MAV : BINANCE:MAVUSDT
5) NOT : BINANCE:NOTUSDT
ALTS that have already retraced, bottomed out and establishing higher lows. These alts you could easily preset TP targets from 15% onwards, depending on your risk appetite:
6) RVN : OKX:RVNUSDT.P
7) RSR : BINANCE:RSRUSDT
8) RAY : BINANCE:RAYUSDT
9) LPT : BINANCE:LPTUSDT
10) KSM : BINANCE:KSMUSDT
ALWAYS remember to take caution in the volatile world of crypto with a SL and reasonable targets. Remember that trading newly released alts and memecoins greatly increase the risk on top of the existing risk of crypto.
___________________________________
PHBUSDT.4HPHB/USDT 4-hour chart, several critical technical indicators and levels stand out, providing insights into potential price movements.
Trend and Resistance Analysis:
The chart shows that Phoenix (PHB) has experienced a significant upward trend recently, with the current price at approximately 2.9137 USD. The price is following an upward sloping trend line, indicating strong bullish momentum. There are two major resistance levels to watch: R1 at 3.1619 USD and R2 at 3.8438 USD. The price is currently approaching R1, and a successful break above this level could see it testing R2, indicating further bullish momentum.
Support Levels:
On the downside, the primary support level is identified as S1 at 2.4241 USD. This level has shown strong buying interest and could act as a floor if the price starts to decline. Below S1, the next significant support levels are S2 at 2.0440 USD and S3 at 1.1253 USD, which have been critical support zones in the past.
Volume Analysis:
The volume pattern indicates that the recent upward movements were accompanied by substantial trading volume, reinforcing the bullish sentiment. High volume on price increases typically suggests strong market participation and confidence in the upward trend.
Conclusion:
In conclusion, the PHB/USDT pair is currently in a strong bullish trend, supported by a rising trend line and significant trading volume. The key resistance levels to watch are 3.1619 USD and 3.8438 USD. A break above these levels would confirm continued bullish momentum. On the downside, the support levels at 2.4241 USD, 2.0440 USD, and 1.1253 USD are critical for maintaining the bullish outlook. A failure to hold these support levels could lead to a deeper retracement.
Overall, the market sentiment for PHB remains optimistic, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
PHB/USDT Retest is valid, ready for continue upward movement!๐ Paradisers, #PHB is indeed a coin worth monitoring closely. It has successfully broken through the resistance area, transitioning it into a support zone.
๐ Moreover, PHB has also managed to break free from the confines of a descending channel pattern. These developments suggest a bullish momentum with a trend reversal from bearish to bullish.
๐ Given this scenario, the potential for PHB is further upward movement, with the next target being the resistance around the $3.15 area. Breaking through this level is crucial for PHB to reach our target strong resistance area at the all-time high (ATH).
๐ However, if PHB fails to sustain its upward trajectory and instead consolidates around the support area, it could signify weakness in the support. In such a scenario, there's a risk of the support breaking down, leading PHB back into a downward movement towards the demand area around $1.49.
๐ It's worth noting that historically, this demand area has demonstrated resilience for PHB, with previous instances resulting in significant bounces. However, if PHB fails to bounce from the demand area and instead breaks below it, the bullish thesis would be invalidated. This would signal further downward movement, potentially pushing PHB into a deeper decline.
MyCryptoParadise
iFeel the success๐ด