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TradeDog-Research
Aug 13, 2021 12:05 PM

PYR-USDT Long

Description

VulcanForged is one of the fastest-growing blockchain gaming platforms. It offers access to 8 games under a single roof. They have recently released an NFT marketplace and a DEX for the exchange of in-built assets. As their native token- PYR powers the ecosystem, this makes the PYR token undervalued and can be considered as the Hidden gem for the gaming ecosystem.

On the Daily Time Frame, PYR has taken support at 20 and 50 DEMA and is currently looking bullish.
While the PYR has been trading in a Rectangle Consolidation Pattern with the lower and upper band present at $2.5 and $3.36, a close above the pattern will push the prices to new highs.

The support to the lower side is present at $2.8 followed by $2.5 while it seems charged to move to the levels of $3.75 and $4.5 respectively.
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