Jankan88

PHB/BTC Short term scenarios

Long
Jankan88 Updated   
BINANCE:PHBBTC   Phoenix / Bitcoin
Yellow or Purple? One slightly more extended the other but perfectly reasonable taking TA and FA into consideration.

TA wise we have 50 Week MA at 25. Close above that (next week?) should take us 10-20 sats up for end of wave 3. PHB is STILL the cheapest coin on Binance and are lagging behind most in terms of sats which gives it plenty of room to grow the next coming weeks.

FA wise we could go much higher because of the release of Horizon platform by the team...this month or early next. You will need to stake PHB to obtain HZN. Marketing for this has not yet even started and its built on Binance Smart Chain.

Will update here on weekly close tomorrow.
Comment:
Weekly close at 24 was the highest close since october last year which is a sign that we are going in the right direction. However, we couldnt close above weekly 50 ma at 25 sats so we could consolidate around these numbers for a while before tempting to break it.

I will update once we do
Comment:
Tapped 30 and I believe thats confirmation enough that we are in wave 3. I will be a bit tricky to pinpoint where wave 3 will end. 41,45,55 or 64 is what I have as possibilities. Will update once we get closer.
Comment:
We have gotten a true golden cross of MA 50 and 200 on Daily which is very significant.

Uncertain at the moment where in wave 3 we are. Im thinking we are still following purple waves.

Weekly close tomorrow will be important.
Comment:
Very strong weekly close at 36. The team will come out with an "exiting partnership" this week. Lets see what it does to price. Have a feeling purple 3 will be the target
Comment:
little bit of a crossroads here. This chart could get invalid real quickly :)
Trade closed: target reached
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