PHBBTC trade ideas
Red Pulse Phoenix Binance New ATL Leads To Bulls Win (155%+)Red Pulse Phoenix Binance (PHBBTC) just hit a new All-Time Low and prices are starting to bounce.
I am seeing other altcoins in this exact same position, hit a new ATL and quickly move back above EMA10... What follows is a strong bullish move, like we are seeing DOCKBTC right now.
PHBBTC can easily do 100%+ short-term.
Thanks a lot for reading.
Namaste.
PHB/BTC Bullish SetupPHB/BTC now holding this support box between 43-40sats
and very near for a breakout of this giant fallen wedge pattern which is a textbook bullish pattern.
Once PHB broke this trendline of resistance we can see a nice bull volume incoming for this coin
expect a 20%-40%+ pump after a breakout now is a good time to buy just always manage your stop-loss in place
I really like PHB here, I would buy nowOur indicators are very supportive of reversal here, PHB reached an all time low with the last dive,
Bullish divergence on the RSI has appeared, and MACD is out of steam, the bearish momentum is over.
I marked the trend lines i found to locate a resistance, you can exit around the red area i marked for easy 35%, but i also support a long term holding from here.
PHB/BTC has FORMED BEARISH CYPHER Pattern,400% potentialI AM NOT A FINANCIAL ADVISOR, DO YOUR OWN RESEARCH.
I plan to keep close SL (stop-loss) on this as if it fails closes below 39 or so, it will fall to 16 sats or so. However, currently oversold on daily and seems ready to make move up. Risk to reward make this very appealing to me.
PHB/BTC TA Update (New Market Structure?)PHB/BTC
PHB broke a major support at 48 sats, that is not looking good in mid-term bullish plans.
This 48 sat area could turn into new resistance and PHB could face harsh rejection from it.
If PHB can't get pass through it, the tendency is a pullback to retest new Swing Low at 40 sats.
It is a major problem for bulls to get things back in the right direction.
Lots of works to be done and much longer accumulation will be made.
Red Pulse Phoenix Binance Correction Almost Over | 135% AheadRed Pulse Phoenix Binance (PHBBTC) is correcting after a very strong bullish wave... This correction is almost over.
Take a look at the black trendlines, as soon as these are broken, we can see PHBBTC moving higher.
We are also looking at the ATL (All-Time Low) which is marked with a red dashed line. This support heald back in August and September 2019. Right now PHBBTC is trading within these same levels. If it holds, we can see an impulse move to the upside.
Keep an eye on this chart, as soon as the trendline breaks, it is time for this altcoins pair to grow.
Thanks a lot for reading.
Namaste.
PHB/BTC TA Update (Retest Swing Low?)PHB/BTC
PHB is back in the accumulation zone between 52 - 48 sats area. PHB is also painting a falling wedge pattern which typical breaks to the upside.
I would expect PHB to consolidate in this area for at least 2 weeks before a significant move to happen as the price is on a heavy pullback.
PHB could retest 48 sats Swing Low again in the coming weeks, it is still too early to buy this coin for now.
PHB/BTC movement upcoming?PHB looks to be in a short bounce from its support Trendline. In previous weeks we have seen a double bottom and now rounding bottom. Both are indicators of a reversal. I have created another HOT-COLD buy-sell graph. Green being the safest buy and Red being the most dangerous buy area. Support looks to be in the 64-66 ranges. Breach of this would be suspect.
PHB Break outThings are looking out for my favorite token good old red pulse Phoenix. We're currently watching the Phoenix emerging from the ashes to be reborn anew. We have been waiting for this break above resistance for quite some time. The wedge has finally been broken on this one day chart. I would not sell you guys a dream and say that we will take off immediately however I would expect to see a nice candle push above the resistance tomorrow and to retest this general area sometime in the short term.
PHB break outThings are looking out for my favorite token good old red pulse Phoenix. We're currently watching the Phoenix emerging from the ashes to be reborn anew. We have been waiting for this break above resistance for quite some time. The wedge has finally been broken on this one day chart. I would not sell you guys a dream and say that we will take off immediately however I would expect to see a nice candle push above the resistance tomorrow and to retest this general area sometime in the short term.