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Phoenixglobal

Phoenix Global Consolidation Plus Signals ExplainedHere we have Phoenix Global (PHBBTC) which we have been waiting for a while... This pair has been consolidating since June when the first low was hit after April's peak. 15 Satoshi continues to be our baseline and so far we are looking good as prices remain above this level. The reason I am writing about this pair today is that I saw a challenge of EMA50 (18 satoshi/ 0.00000018) which is the most important level to look at short-term pertaining to strong bullish growth. We also see EMA10/21 being challenged/conquered. Now, here is the signal that gives away the fact that the consolidation period is reaching its end. Notice PHBBTC from May printing lower lows. Now I will show you the RSI and MACD, both printing higher lows. MACD: RSI: That's a bullish divergence. When combined with the signals we read above it makes for a strong case that it can only take a few weeks before the next bullish run. The time period can vary wildly, we do not worry about it, we simply buy and we hold. Patience is the key. That's my strategy. Thanks a lot for your continued support. Namaste. P.S. There can always be one last strong checkout before the bullish wave becomes 100% obvious.

 Sometimes it is a long wick or it can take a week. We use manual stop-loss and do not worry about this.
Long
by AlanSantana
5
Phoenix Global (PHB) Chart Analysis + Upcoming Bullish EventHere we have the PHBBTC chart and it's upcoming event... First, the event. Phoenix Global will do a "Token Redomination", according to an article shared on Medium. They are going to reduce the token supply by 100. For every 100 old PHB, there will be only 1 new PHB. Now the chart. We have a 1,2,3 sequence mapped here. This is very common. We have the usual higher low compared to January, something we see with every other Altcoin. I predicted this would happen years ago. (1) Is the price drop. After a strong bullish wave a correction takes place. This is normal. (2) Consolidation/accumulation. After the correction is done, there is a phase of accumulation where the whales have time to rebuy and reload. (3) What goes next is the price jump. All these details can be found on the chart. Thank you for reading. Come back again and again. Hit LIKE, comment, FOLLOW ME and make sure to share. Namaste.
Long
by AlanSantana
6