Phoenix Global (PHB) Chart Analysis + Upcoming Bullish Event

Here we have the PHBBTC chart and it's upcoming event...
First, the event.

Phoenix Global will do a "Token Redomination", according to an article shared on Medium.

They are going to reduce the token supply by 100.
For every 100 old PHB, there will be only 1 new PHB.

Now the chart.

We have a 1,2,3 sequence mapped here.
This is very common.

We have the usual higher low compared to January, something we see with every other Altcoin. I predicted this would happen years ago.

(1) Is the price drop. After a strong bullish wave a correction takes place. This is normal.

(2) Consolidation/accumulation. After the correction is done, there is a phase of accumulation where the whales have time to rebuy and reload.

(3) What goes next is the price jump.

All these details can be found on the chart.

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