PHBUSD Break long term high CCI level 6h PHB USD breaking above.
After a rough beginning of the year we are starting to see signs of a long-term reversal.
After consolidating below previous level we are seeing a rise above previous resistance.
This is the first measurable occurrence of a breakout over consolidation since the redenomination.
PHBUSD
PHBBTC (05/05/2021)On the 1W chart, the price of PHBBTC has formed a falling wedge, the border of which the price has already successfully crossed.
Also, the upward movement was accompanied by increasing trading volume, which indicates a strong bullish sentiment.
On the 1D chart, the PHBBTC price has corrected to the level of 50% by Fibonacci, where solid support has been established.
At the moment, a possible initial growth impulse has been formed, which may become the beginning of the continuation of growth.
We recommend buying PHBBTC at current prices to keep the position above 0,000001.