🔥PHB/USDT Chart Analysis

Current Price: 1.201 USDT

24-Hour Change: -3.15%⁶

Key Observations:

1. Price Movement: The chart shows recent volatility, with fluctuations in both directions.

2. Trend Lines: PHB has been forming higher highs and higher lows, indicating a potential bullish trend.

3. Support and Resistance Levels:

- Support: Around 1.191 USDT

- Resistance: Previous high at 1.247 USDT

4. Technical Indicators:

- Moving Averages: Consider checking the 50-day and 200-day moving averages for trend confirmation.

- Elliott Wave Analysis: Currently in Wave (4), with a potential entry point around 2.2-1.95 USDT.

- Ichimoku Cloud: A bullish Ichimoku Cloud formation suggests upward momentum.

5. Targets:

- Short-Term Target: 1.16 - 1.21 USDT

- Long-Term Potential: 4 - 6 USDT (or even higher)

Remember that cryptocurrency markets can be highly volatile, so always use proper risk management and consider your own analysis before making any trading decisions. 🚀🔍

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