Red Pulse Phoenix Binance (PHBBTC) hit a new low recently and is now gaining momentum to the upside... Let's take a look at this chart now together... Please allow me to entertain you for a few minutes.
PHBBTC Chart Analysis
We can see that the new low was hit on the 26-June.
Following this day, PHBBTC started its climb up.
We can see a clean and easy break above EMA5 and EMA10.
EMA50 (magenta line) tested today for the first time since the 20th of June.
Increasing trading volume.
Bullish RSI.
MACD trending up with momentum.
These are bullish signals for this pair, PHBBTC. We believe that Red Pulse Phoenix Binance will move up soon.
Conditions for change: If PHBBTC moves lower and closes below EMA10 on this time frame, the above signals are invalidated.
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