PHA LONGSPhala at nice test after spring, phase D of re accumulation pattern can take of on this altcoin season to the first fibb extension.
PHAUSDT.P trade ideas
pha/usdtIn order to grow, it was necessary to break the resistance of the box and the downtrend line, in which case a new price rally could be entered.
Phala is going to be massive...TA and Fundamental analysisDisclaimer
This technical analysis by no means, is a financial advice, Please do you own research.
Before I start I would like to say Fundamentally Phala is strong, the idea, team and also the fact they won a parachain in Kusama (Khala Network which is Phala's Canary Network). Hence, I am biased in favor of longing, but now let's jump into TA to find the major S/R levels.
Since 9th of Oct, Price is ranging between upper and middle line of downward parallel channel. Yesterday (6th of Nov) a hammer candle potentially can illustrate there is more demand for the current price after a rapid 3 days drop in price. If Price moves towards Volume profile POC with strong green candles, it can expected to break the volume and Fib extension Resistance level.
RSI+ and LMACD shows signs of weakness which it expected to rise and improve as price is on support level. If somehow price drops, the next major support is $0.62.
The next major resistance levels are $1 (both price action and mentally important), $1.1, $1.17 and ATH, $1.24. if it breaks ATH the next major Resistance is $1.47.
The scenario I am expect to see is price move up and down to form a flag between upper trend line of parallel trend and support level until the Phala network participate in one of the parachain to have a breakout roughly mid Nov.
Please comment if you would like to add anything or tell me your opinion about your analysis.
phausdtbuy at support, sell at resistance and repeat.
it can be a great strategy for day traders and scalpers
Phala Network is getting ready to take off!Ohala Network has a good chance of winning the KSM/DOT ecosystem parachain auction. With the daily squeeze indicating a massive move. Any thing $.90 and below might be a great entry. My 1st price target
is $1.40 and my next targe if we break that is $4.
Phala is here The next trend will be web3
BINANCE:PHAUSDT phalanetwork has finally started pumping. Been watching it go sideways since I started accumulating it it at 0.70 weeks ago
Target 1 : 0.96$
Target 2 : 1.08$
Target 3 : 1.2
Target 4 : +1.6$
PHA in the next few hoursHello,
maybe im new, but i see the cup and the handle is clear. The target may reach the bold blue line.
thats my thoughts :)
Pha about to explode ... Phala Network months long accumulation and no movement i feel this could be massive your decision your choice but definitely a worthy contender
PHA update-- possible playoutAfter my previous publication the price had a breakout attempt, but it was rejected (that was expected). Now- If the price manages to stay above the area of highest volume, we may see another breakout attempt soon. Otherwise, it will go back to accumulating with occasional spikes and this phase could last another weeks, months, who knows... If the momentum is lost, we may even see a pullback to one of the support levels.
Which scenario is most likely to happen? Let me know in the comments!
PHALA (PHA) bouncing nicely off the longer term supportPhala is still looking bullish! This coin has been ranging for a very long time, so when we really break out we can expect a monster pump! Especially with Parachains starting soon!
PHA LONGSphala network fundamentals on point, tecnically is on the D OB on phase D of accumulation process
PHA LONGSPhala last poit of suport on bigger timeframe accumulation, phase D nice entry oportinity on the H4 OB.
Phala Network (PHA) technical analysis: Ascending Triangle PHA is currently trading in an ascending triangle and shows a clear buildup — creating higher lows into Resistance (re-testing the trendline numerous times), which is a sign of strength as there is no selling pressure and buyers are willing to buy at higher prices.
It has been trading against resistance since the 22nd of February. I therefore expect a reasonable breakout to the upside in the next week or so.
Go long when the price trades above the highs or wait for the price to break and close above the high.
Exit trade when the price closes below 20MA.
For your information. In the next few months they will introduce several big updates, such as the launch of their new testnet Vendetta, pre-mainnet, and the support for Polkadot parachain consensus.
-If you agree with this, like and share.
Cheers.
PHA USDT SHORT TERM FOR COMING DAYS PHA USDT short term and if you hold ot if you can wait buy at 0.8102 TP: HODL
PhalaNetwork on the edge of breaking outPhalaNetwork is gonna be looking for a breakout soon. There has been a long period of price ranging. An aggressive entry would be somewhere around 0.84 (now), more controversial is to wait for the breakout, and then enter at a first given pullback. After doing a brief research, the project seems to have solid fundamentals and it runs on PolkaDot.
Phala network longspahal nice pryvacy protocol on polkadot can take up after re-accumulation process now on phase D sittin on the last level of support after jumping across the creek.
Phala networkphala accumulation on phase D on last point of support could take it back to the top of the range.
