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Phoenix / TetherUS PERPETUAL CONTRACT

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PHBUSDT.P trade ideas

=====>Mid term $phb prediction PHB giving me early CFX vibes. Volume reached historical high few days ago and it corrected plenty since then. I am expecting quick spike first maybe around 20-40%. If that sticks , there will be further attempt to go higher. In 10 days Hong Kong will be allowing retail investors to start trading by june 1st. This should initiate big boost in crypto coins originated or financed from Hong Kong.I will update this chart as we move along. This is one possible outcome out of many but I do have special feeling for this one. Lets hope that BTC won't crash big time! If it does all ideas will be invalid for the short term. Even worst case scenario recovery should fairly quick with this one.
by SpaceCatZ
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