Before anything, pay attention to the time frame. The time frame is big and time consuming.
To buy, we need a pullback and get a trigger.
PHB appears to be in its bullish wave C. Wave C is a diametric. It is completing wave e of C.
Closing a weekly candle below the green range will violate the analysis.
For risk management, please don't forget stop loss and...
In a perfect world the green box would be a solid point of entry between the range of 0.64 to 0.76 cents because of the following reasons:
If this uptrend holds true and there is a continuation upward, then a good entry point based on the fib retracement would be around the 0.236 line which happen to be sitting by the 50 EMA (0.75 cents). However, if this breaks...
Phoenix is a Layer 1 and Layer 2 blockchain infrastructure, empowering intelligent Web3 applications, focusing on the next generation of AI & Privacy-Enabled Web3 Apps. Phoenix (PHB) is a cryptocurrency and operates on the BNB Smart Chain (BEP20) platform.
1- Three Push
2- Weekly Divergence
3- Five waves completed
4- MPL being made at ATH
5- Two Weekly Engulf at ATH + Pin bar
6- Price over extended as you can see in Curve
6h PHB USD breaking above.
After a rough beginning of the year we are starting to see signs of a long-term reversal.
After consolidating below previous level we are seeing a rise above previous resistance.
This is the first measurable occurrence of a breakout over consolidation since the redenomination.
$PHBUSD looking bullish started to make uptrend and weekly macd to cross bullish if expecting high returns like 20-50x then this is the coin which could easily do this
$PHBUSD started making uptrend higher highs and higher lows and weekly ema ribbons started flipping bullish and $PHB is very likely to close weekly above 21 weekly ema...weekly close above 0.035$ will make this moon ...easy 20-30x for this coin...
$PHX / $PHB has been the most underperforming coin in recent time, Daily charts suggest it's trying to wake up after a long time.
Expecting some fireworks from it.
