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PHX retracement

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BINANCE:PHXBTC   None
Trend Analysis Fibonacci Fractal
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trendanalysis fibonacci fractal
After a massive pump on PHX -0.50% a retracement is due. Idea is based on what happened with XRP. Smaller market cap, smaller timeframe, same movement. A target between .618 and .786 fib retracement seems reasonable.
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