PHB/BTC TA Update (New Market Structure?)
PHB/BTC
PHB broke a major support at 48 sats, that is not looking good in mid-term bullish plans.
This 48 sat area could turn into new resistance and PHB could face harsh rejection from it.
If PHB can't get pass through it, the tendency is a pullback to retest new Swing Low at 40 sats.
It is a major problem for bulls to get things back in the right direction.
Lots of works to be done and much longer accumulation will be made.
PHB broke a major support at 48 sats, that is not looking good in mid-term bullish plans.
This 48 sat area could turn into new resistance and PHB could face harsh rejection from it.
If PHB can't get pass through it, the tendency is a pullback to retest new Swing Low at 40 sats.
It is a major problem for bulls to get things back in the right direction.
Lots of works to be done and much longer accumulation will be made.
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