Phala does not have enough history under its belt to get a very accurate channel, but with what we have so far this is the best that can be done. I have also outlined the areas of major support channel and major resistance channel. Definitely a great project with a massive amount of potential. If the support holds here it will confirm this channel and give us the green light.
PS: I created this channel for Phala back in July of 2021 and has so far been respected very well. The only thing it has not tested yet with confirmation is bottom of the channel which it is doing as I make this post. Once we have this confirmation of support (which so far seems to be respecting it) we will confirm this channel.
PS: I created this channel for Phala back in July of 2021 and has so far been respected very well. The only thing it has not tested yet with confirmation is bottom of the channel which it is doing as I make this post. Once we have this confirmation of support (which so far seems to be respecting it) we will confirm this channel.
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Updated chart per BTC pulling entire crypto market down and showing Support and Resistances. I also added a long term taget.
