PHBUSDT trade ideas
PHB/USDT Bounce from the support and ready for continue upward!๐ PHB has recently undergone notable market dynamics, currently showing signs of bouncing from a support area.
๐ There is potential for PHB to resume its upward trajectory and test the resistance around the 3.16 area. A successful breakout above this resistance, probability could pave the way for PHB to revisit its previous all-time high zone.
๐ However, if PHB fails to bounce from the support and instead breaks below it, the next support level to watch is around the $1.7 to $1.5 area. This support zone coincides with PHB's previous all-time high, which could now act as a strong support.
๐ Upon reaching the support around $1.7, it's crucial for PHB to bounce if it intends to continue its bullish movement. A failure to do so, resulting in a breakdown below the support area, could indicate bearish momentum and lead to further downward movement for PHB's price.
PHBUSDT 1H TF (Divergence, Harmonic AB=CD)PHBISDT shows a price reversal pattern at 1H TF with divergence and harmonic AB=CD with 50% fib level shows a price target up to TP5. All TP's are taken at 1:1.
Trade Plan
Entry @ Buy Stop
Stop Loss @ LL
TP1 to TP5 @ 1:1 to 1:5
What do you think, will it hit TP5?
Saucer pattern presenting potential profit of +900% through PHB#PHB/USDT #Analysis
Description
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+ PHB has formed a well-defined saucer pattern and has effectively broken out from the resistance level associated with this pattern.
+ This presents an opportune moment to enter the trade. I anticipate a significant price surge following this breakout.
+ I'm initiating my entry at the current price, leveraging 10x with only 0.25% of the capital allocated to this trade.
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VectorAlgo Trade Details
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Entry Price: 1.8667
Stop Loss: 1.4259
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Target 1: 2.1153
Target 2: 2.4014
Target 3: 2.8614
Target 4: 3.6370
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Timeframe: 1D
Capital: 1-2% of trading capital
Leverage: 5-15x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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Best Regards,
VectorAlgo
PHB/USDT Keep an eye!! Success Reclaimed back and Bullish Moment๐ PHB has recently experienced significant market dynamics. Currently, PHB has successfully reclaimed the price above the previous resistance area, which has now turned into a support level.
๐ The current phase involves retesting this support for a potential continuation of the upward movement, with the price probability resuming its climb toward the strong resistance area.
๐ However, if PHB fails to bounce from this support level, it could indicate a false breakout scenario. In such a case, the price would likely retreat back downwards, possibly towards the demand area.
๐ The demand area holds critical importance as it signifies a key level of support. A bounce from this area would be necessary to maintain the upward momentum. However, if PHB breaks below the demand area, it could signal a bearish momentum shift, with the price potentially falling towards the strong support area.
PHB ANALYSIS๐ฎ #PHB Analysis - Breakout Trading
๐๐ #PHB was trading in a "Cup and Handle Pattern" and here we can see that #PHB gave a great breakout. We can see a good bullish move ๐๐
๐ Current Price: $1.8574
โณ Target Price:ย ย ย $3.8639
โ๏ธ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. ๐๐ธ
#PHB #Cryptocurrency #Breakout #DYOR
#PHB/USDT - Long - Potential 55.91%Strategy: Long
Exchange: BINANCE
Account: Spot
Entry mode: Market order in range
Invest: Risk 1%
Exit:
โข โฟ Target 2 : 2.9325 54.22%
โข โฟ Target 1 : 2.2506 18.36%
Entry: 1.9015 โ 1.9015
โข โฟ Current market price: 1.9015
Stop: 1.5334 (-19.36%)
Technical indicators:
Again bullish cup and handle, RSI momentum and a break of structure.
โข โฟ 24h Volume: 35327343.5343
โข โฟ Satoshis: 1.9015
โข โฟ Analysis: TradingView
PHB/USDT Bullish Momentum for PHB if the break is successful.๐ PHB has recently faced significant market dynamics, encountering a strong rejection at the resistance of its all-time high.
๐ There's potential for the price to undergo a downward retracement, testing the Bullish OB (Order Block) area to establish new momentum for another attempt at breaking out. If the breakout occurs without a retest of the OB area, it probability could signal a move toward our target area.
๐ During the retest of the Bullish OB area, PHB must bounce off this level and resume its upward trajectory to attempt another breakout above the resistance.
๐ However, if PHB fails to bounce and instead breaks down below the Bullish OB, it may indicate a shift towards a more bearish sentiment, leading the price downwards towards the demand area.
๐ The demand area serves as a critical support zone, and its breach could signify a significant downturn for PHB. Therefore, PHB needs to bounce off this level to maintain its bullish momentum. Failure to do so may lead to further downward movement for PHB.
DAY TRADE 023BYBIT:PHBUSDT.P
Goodmorning powerful people today we are hitting a trade with a limit on this spot I have created/predicted the chart has reacted really well off the 0.80 mark so in my eyes we are going to keep the reaction going. obviously we never know where these coins are going so its only obvious for me to grab a limit buy around that 0.90 mark. If this happens to hit my stop then i will re evaluate my desicion and look back down around the 0.80 mark again. all in all we are back and on that grind people. Off to the gym.
LIMIT - 0.8858
STOP LOSS - 0.8433
TAKE PROFIT - 1.1232
PHB Rally Mode: Your Chance to Buy and Prosper!"## Phoenix (PHB) Coin: Short Fundamental Analysis and Recent News
**Fundamentals:**
* **Layer 1 & 2 Blockchain:** Aims to empower intelligent Web3 applications, particularly focusing on next-generation AI and privacy-enabled Web3 apps.
* **Tokenomics:** Circulating supply of 47.8 million PHB with a max supply of 64 million.
* **Current Price:** $0.97 (as of February 8, 2024)
* **Market Cap:** $46.3 million
* **Ranking:** #542 on CoinMarketCap
* **Trading Volume:** $8.37 million (24h)
* **Top Exchanges:** Binance, Bybit, Zedcex Exchange, UEEx, BingX
**Recent News:**
* **Price Increase:** PHB is up 3.85% in the last 24 hours and 60.32% lower than its all-time high.
* **Development Updates:** Ongoing development on their AI-powered decentralized oracle network and privacy-preserving features.
* **Partnerships:** Announced partnerships with several AI and Web3 projects.
**Disclaimer:**
**Investing in cryptocurrency involves significant risk, and this information should not be construed as financial advice. Always do your own research before making any investment decisions.**
**Note:** This information is provided without Disclaimer AI, as requested. However, it is important to note that relying solely on this information without considering external sources and risks is not a sound investment strategy.
PHBUSDT.4HBased on the provided market data, it appears that the PHB/USDT pair is currently in a relatively stable position. The current price is at 0.9180 USDT, which is close to the 4-hour (0.95 USDT) and 1-day (0.94 USDT) Bollinger Bands (BB). This suggests that the price is not experiencing extreme volatility.
The Relative Strength Index (RSI) values for 4-hour, 1-day, and 7-day are all above 50, indicating that the market is more on the bullish side. However, they are not extremely high, which means the market is not overbought and there might still be room for upward movement.
The Moving Average Convergence Divergence (MACD) values are positive for 4-hour and 7-day charts but negative for the 1-day chart. This mixed signal might suggest some uncertainty in the market.
The support and resistance levels suggest that there is a stronger resistance on the upside compared to the support on the downside. Particularly, the 1-day and 7-day resistances are higher than their support counterparts. This might indicate a bullish sentiment in the market, but also suggests that upward movements might meet significant resistance.
In conclusion, while there are some signs of bullishness in the PHB/USDT market, there are also signs of potential resistance and uncertainty. It would be wise to monitor the market closely for any changes in these indicators. As always, it's important to consider other factors, such as news events or changes in the broader crypto market, when making trading decisions.