It has had a lot of liquidity pools in the upper range that has swept everyone away. After hitting the main supply and then the mitigated supply, it seems ready to drop. I specified the targets on the chart. I also specified the invalidation level. Closing a 4-hour candle above this level will violate the analysis For risk management, please don't forget stop...
0.31-0.33 looks a good zone to enter long on PYTH. This support zone looks pretty strong, and i expect a retrace from current level till this zone. I will wait for the correction before entering, invalidation is a clean break of this zone
Nice moves on PYTH, after the break and retest of my trendline it's pumped like i was expecting. Actually i expect more upside moves, targeting new highs in the next weeks.
Pyth looks strong now after the initial airdrop sell off. I think Pyth are preparing for a big move. If we got really lucky (and BTC dump) I think we can find a nice entry at around 0.31. In that case we have potential 68% set up with 4.0 risk/reward ratio. If you think Pyth is the "new Link" - It could also be a good time to DCA into Pyth...we are so early :)
PYTH Is retesting again the bearish trendline. I am waiting for a good break and retest of it to trigger my long position.
In terms of wave counting, we had a triangle, which is probably the A branch of a larger pattern. After this branch A, we expect to have a branch B of the same size as branch A. Because we expect this branch to be of the same grade as A, so in terms of time, it can be estimated that this branch will last until January 10th. We have a support zone, if it is...
$PYTH has formed a rising wedge pattern which is a bearish pattern, do not get scared its ok, bitcoin recently invalidated 3 huge bearish patterns and increased in price, if we breakdown red line we short, if you are long use support red line as a SL guide
First of all, as you know, we don't have much data about this symbol. But after checking I found that it is now in the big B wave which is a diametric. We are now in wave D, which is an ascending wave. It is expected to drop from the red area to the lower areas. This drop will complete wave e of B. For risk management, please don't forget stop loss and capital...
PYTH is ready to make a huge move as it,d grabbed liquidity below and immediately CHoCH to upside on 4hrs TF.... Wait for pullback to the unmitigated bullish OB below and take a long entry from there to previous higher high..... Always manage your risk Follow for more market update and trade setup
PYTHUSDT is showing signs of rejection at the fibonacci levels of the previous leg on the 1H timeframe which could mean that the pullback may be coming to an end. I'm buying PYTH around that levels, but will add more after the descending trendline breakout.
PYTH did a really good run to upside but as we can see PYTH did a liquidity grab to the upside this more by creating CHoCH but later did CHoCH to downside which makes it obvious downside is the movement….. Wait for retest of the entry price and take a good short from there Manage your risk Follow for more trade setup