PYTH Waiting for a triggerPYTH Is retesting again the bearish trendline. I am waiting for a good break and retest of it to trigger my long position.
PYTHUSD
PYTH LOOKS BEARISHIn 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 maintained, the price can run towards the pullback FLIP zone, and if it is lost, we will have a further correction.
By January 10th, this view will be violated if the daily candle closes above the red FLIP range
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
PYTH/USDT$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
PYTH ANALYSIS (4H)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 management
Comment if you have any questions
Thank You
PYTH 4hrs TF CHoCHPYTH 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
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Pyth - Next Leg Up Incoming!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 CHoCH to downsidePYTH 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
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