Bullish outlook as long as the demand zone is not breached (of course :))
But a decent structure that appears it wants to run
You can make a good trade out of this
or if u already hold it , give u conviction to hold further if its been painful
I have done no fundamental research on this coin :)
I just draw lines on a chart - most of the time :)
theCrypster -
With a massive descending trend line formed from the inception of #PHA and continuing through till today, a Sell signal from CTv2 right on this trend line and a 20% drop until support on the underside, we're going for this Short trade!
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Phala Network is a privacy-preserving cloud computing service, which offers computing power comparable to existing cloud services and protects the privacy of managed programs. Based on TEE-Blockchain Hybrid Architecture, developers can deploy confidential smart contracts running inside the TEE Enclaves in the CPU.
Phala is also based on Substrate, and will run as...
Following the cycle lines, we can see a +30% minimum gain might be suddenly executed right now.
According to the cycle line pattern, I drew time has already passed. It means the countdown has started.
I will be investing some dollars in this coin for quick gains.
Appreciate the hard work and press like.
Happy trading,
Raf
Firstly this is not financial advice. Secondly, always do your own research before investing in crypto. The price target here is based on the Lord Skin's formula.
Below is taken from CMC
Phala Network is a privacy-preserving cloud computing service, which offers computing power comparable to existing cloud services and protects the privacy of managed programs....
This is my Point of View on this project.
Project on Bullish momentum.
Price discovery mode ahead.
Low marketcap GEM
Low supply
High reward project.
70 % of the supply to be mined.
Long story short, this is privacy layer for DOT privacy parachain solution.
Like ethereum of zcashes, dasches & moneros ( 1.0 Privacy Coins)
PHA is the privacy 2.0...
