We are going to look at a very simple dynamic on this pair: Bearish wave low leads to a bullish wave.
Every single bearish wave low is followed by a bullish wave.
In both instances, October 2022 and January 2021, the first week is really strong, following the bearish wave low.
Currently, PHABTC is trading just above a new All-Time Low that hit this same week.
The ATL hit Monday (12-Feb.) and now we have a green candle.
The action moved above EMA10 which means that the bulls now have the upper-hand.
This is potentially a bottom catch... Ultra-low risk with a very high potential for reward.
Additional details on the chart.
Namaste.
Every single bearish wave low is followed by a bullish wave.
In both instances, October 2022 and January 2021, the first week is really strong, following the bearish wave low.
Currently, PHABTC is trading just above a new All-Time Low that hit this same week.
The ATL hit Monday (12-Feb.) and now we have a green candle.
The action moved above EMA10 which means that the bulls now have the upper-hand.
This is potentially a bottom catch... Ultra-low risk with a very high potential for reward.
Additional details on the chart.
Namaste.
Nota
Bullish breakout confirmed.More growth possible.
Enjoy the profits. 😊
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.