🚀 PHB/TRY Technical Analysis: A Bullish Opportunity?

📈 Overview:

Current Price: PHB/TRY is trading at approximately 44.73 TRY.

24h Change: A positive gain of +9.71% in the last 24 hours.

High/Low: The 24-hour high was 45.80 TRY, and the low was 40.68 TRY.

🔍 Technical Insights:

1.Rising Wedge Breakdown:

The chart reveals a large rising wedge triangle.

These patterns often break down bearishly.

Watch for a potential drop toward the green support line and the orange horizontal line.

2. Weekly Analysis (1W):

PHB is likely in bullish wave C, completing wave E of C.

A weekly candle closing below the green range could invalidate the bullish scenario.

3. Entry Point Consideration:

Ideal entry between 0.64 to 0.76 TRY based on Fibonacci retracement levels.

🔑 Support and Resistance:

Support: Green line (around 40.68 TRY)

Resistance: Orange line (around 45.80 TRY)

📊 Previous Values:

24h High: 45.80 TRY

24h Low: 40.68 TRY

Remember, always conduct thorough research and manage risk before making any trading decisions. Happy trading! 🌟 #PHBbullish #phb #PhilippinesRegulation #Write2Earn! #Alert🔴