I haven't shared a chart for this pair since 2021. I was merged on this one, like truly merged. After that I became afraid and never looked at it again. I am over the experience now and ready to start over.
We are looking PHB (Phoenix) vs Bitcoin. We are looking at the strongest support level ever.
As we like to say, "buy low/near support." This pair is trading above the strongest and longest support ever in its history and is starting to grow, and thus bullish.
We have complex charts and simple charts. This is one of the simple charts.
The fact that the same support level has been holding since November 2022; And the fact that this support level held for more than 8 months (252 days) in 2023/early 2024, gives us a starting point.
This is an easy buy in anticipation of a strong bullish wave.
Of course, if the trading pair moves below support, it would be extremely bearish and an exit is recommended. If it stays above, super bullishness that will eventually lead to growth.
We expect prices to move up sooner rather than later. We expect fast growth.
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