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PHB

PHBUSDT 4H - Clear upward trendIts ATH was on Feb 06th at 0.5744, at this point it is trying to breach the median of the keltner channel towards the upper band at 1.2275. Since January 8th, the PHB has been transiting above the MM200, which indicates that it is in a clear upward trend. The MM200 also becomes a powerful support, followed by the lower band of the Keltner Channel. The Phoenix Token, known as PHB, is a utility token native to the platform used as a means of payment for all Phoenix Global ecosystem services. A possible reason for the price increase is that a token redenomination took place on November 2nd. Phoenix Global was born as a result of the strategic merger of Apex Network and Red Pulse, which triggered a significant increase in the global token supply, up to 3.5 billion. To work around this issue, token redenomination was set to 100:1 (old:new). Therefore, the total supply was reduced by a factor of 100, the price was multiplied by 100, and the supply dropped from 3.5 billion to 35 million tokens. Here are the supports and resistances in the 4H: Main support levels : 1.0381 / 1.0001 / 0.8649 Main Resistance Levels: 1.2275 / 1.5744
by ferulianov
PHB Busd short sell Greetings from Team : Trading The Tides. lets discuss a short sell oportunity on (coin name ) Target area for initiating short :0.7 DCA Limits : 0.72 TP :0.65 SL : Hold Time : short Technical Chart Pattern: rising wedge Posible liquidity area : Exchange:binance Rules : We use big capital with less leverage . Max leverage : 3x Better take trades with 1x. We only post the exact setup we are following for the trades . But DYOR . Not a Financial Advice ! From Team : Trading The Tides Like , Share ,Follow Thanks a lot and see you soon on the next trade .
PShort
by xairuq
2
PHB Trade setupHere's a quick look at the PHB 1 hr chart. As we can see, the price has been forming a bigger descending triangle and the best entry would be when the price breaks above the triangle. ------------------------------------------- The idea is: Buy when the price breaks above the triangle and take profits at the levels shown in the chart. Targets: 1. 1.47$ 2. 1.6$ 3. 1.75$ 4. 1.85$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure. 3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
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by MBM_Crypto