PYTH ~ 1D
#PYTH Very confusing
Whether to buy or worry.
we will give a conclusion.
in a bull market all bearish patterns may be easy to validate or fail structurally.
Losing this Support Block will make this bearish Pattern real, or if SEED_DONKEYDAN_MARKET_CAP:PYTH manages to defend this Support Block, We will say this bearish Pattern will fail.
🔍 Technical analysis: Descending channel failure
- It has been moving in a downward channel in the 8H time frame and daily.
- Currently, with the failure of the channel roof, it is around the supply area and neck line.
- Therefore, in case of a negative reaction, it can be broken into the channel with pullback and touch the specified targets by maintaining...
After a massive sell-off, PYTH is now testing the trendline after a breakour and trading above the daily level, we might get a push down to the Value Area Low, and if that does happen and price reclaims the daily, this is a good sign to continue higher.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts...
The #PYTH price is probably tamping the bottom after a several-month correction.
🔼 To continue its growth, #PYTHUSDT needs to consolidate above $0.50
⚠️ The critical level from below is $0.44,
Fixing the price of the Pyth Network token below this level will indicate that the correction will continue for some time.
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The Pyth Network is the largest and fastest-growing first-party oracle network. Pyth delivers real-time market data to financial dApps across 40+ blockchains and provides 380+ low-latency price feeds across cryptocurrencies, equities, ETFs, FX pairs, and commodities.
Anyway, Pyth is still young and few candles are availabel. However, it seems Pyth is moving in an...
💎#PYTHUSDT has impressively surged out of a descending channel and is now testing a crucial juncture where former resistance has become support. The Point of Control (POC) of the VRVP Channel provides crucial support, enhancing the chances of a bullish continuation.
💎If #PythNetwork can successfully hold this retested support at $0.400, we anticipate a powerful...
4h time frame
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TP: $1.4~$1.53
SL: $0.426
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PYTH follows the Elliott 2nd wave with being sold off since $1.15, but got support from the structural support zone and 0.382 Fibonacci projection, both form a robust bottom at $0.5 so far. If PYTH goes the assumed path, I can say next big pump, made of Elliott 3rd wave, is following and will bring PYTH to make ATH...
4h time frame
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PYTH has sold off rapidly in the early of April, and saw lows of $0.48. From perspective of TA, PYTH is correcting with the 2nd wave of Elliott impulse wave that is great for accumulation of momentum to build the 3rd wave. $0.48 aforementioned is also the corresponding support zone to the price zone built in Feb. In conclusion, $0.48~$0.58 are a...
4h time frame
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PYTH is consolidating as a triangle pattern, which could be see as a potential continuation. Before completing structure, PYTH just retested 0.618 Fib Projection and got support. Both signal indicate that PYTH is still on an uptrend way.
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TP: 1.58
SL: 0.781
#PYTH
The bearish channel on the 1-hour frame was broken strongly to the upside
It is supported by a rebound from the green support area on the chart
This support area was adhered to well
Entry price is 0.5920
The first target is 0.6000
The second goal is 0.6192
The third goal is 0.6370
💎 Paradisers, prepare for an attractive trading opportunity with #PYTHUSDT, as it's showing potential for a bullish continuation following a retest of its demand zone.
💎 Examining #PYTHNETWORK past performance, we've observed its consistent movement within a descending channel. Interestingly, it has also formed a cup and handle trajectory. Currently, it has...
I really like this chart and the project.
Looks like a giant flag in progress.
The project is an oracle with a lot of utility and official partnerships among the biggest in the crypto field.
(Yes i'm positioned)
For a couple of days now, PYTH has been in various "ratings of interesting coins," so let's write a few words about what we see on the chart.
The fact that after +50% growth in early February, each daily candle closes with a shadow on top is not good for buyers. This means that someone is selling PYTHUSDT quite aggressively in the range of $0.48-0.52.
Now, a...
BINANCE:PYTHUSDT.P
This idea has a medium-term profit target.
All targets are indicated on the graph with a red eye.
- Risk 0.5% on deposit
- R/R 1/2
P.S (This is not an investment recommendation, this is my personal opinion.
More bullish than ever on PYTH, so non financial advice...
Here I'm waiting with patience for FIB-level 0.618
I think the yellow zone could be a great area to build a position. We could get some help from 20 MA and the trendline to hold the trend.
The big gains come when we break the flag and after that move to price discovery. I don't want to miss that.
I will...
