Red Pulse Phoenix Binance Starts To Grow (Targets on Chart)

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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This is Alan Masters.

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