PI ANALYSIS (4H)Given the bearish CH and the formation of multiple supply zones, this asset is expected to move toward the green zone.
Targets are marked on the chart.
A daily candle closing above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Piusd
Best LevelsGeneral Observation:
📉 Strong Bearish Candles: After a sudden price spike, the price has undergone a sharp correction, forming strong bearish candles.
📊 Support & Resistance Levels: Several key levels are marked on the chart:
🔴 Resistance Levels: 1.00, 1.50, 2.00, and higher.
🟢 Support Levels: 0.50, 0.10, 0.05, and 0.01.
📉 Trading Volume: Initially high but then declined, indicating seller dominance and weakening buyer strength.
⚠️ Possibility of Further Decline: The price is near the 0.70 support. If broken, further drops to 0.50 or even 0.10 could follow.
🚀 Bullish Scenario: If the price reclaims 0.80, an upward move towards 1.00 might occur.
[PI Coin] If 0.68 holds, we should start wave 3 up towards $4BITGET:PIUSDT chart is setting up nicely for a bullish up-move, if 0.68 holds which happens to be the wave 2 low. If these counts are correct then we have completed minor wave (1) of larger 3 and (2) of 3 is in progress. That leaves wave (3) of larger 3 to start which should cover most of the distance towards wave 1 and 3 equality around 4 usd.
$PI - Pi NetworkPi Network might have just made it to the Guinness Crypto Record! Launched trading at $0, 01 cents on the 29.12.2022 on Huobi, it topped $345 exactly 24 hours later, that was only the IMPULSE WAVE, this impulse wave seems to be consolidating in the range $50 and $100, that puts waves 3 and 5 at over $1k! This is coin which has been mined for free on mobile phones since the project started in 2019 had a massive run in 24 hours, with 33 million active users world wide, it's trying to do something Bitcoin failed to do - a fair distribution to most people! Couldn't believe my Pi portfolio on the 30.12.2022 for a coin that I mined for free! The free mining on Pi Network is still active anyone with a mobile phone can still mine it for free although the mining rate has drastically gone down, but with 4 to 5 invitees actively mining you can still get 2,88 Pi per day at the current trading rate of $68, that's $195 per day!