3 Altcoins Approaching The Lower Bound!Since you enjoyed my previous post about 3 Altcoins Rejecting the $5 mark!
Here's an interesting one about altcoins retesting the lower bound of the wedge pattern:
BINANCE:PYTHUSDT
PYTH has been in a correction phase and currently approaching the lower bound of its rising wedge pattern marked in blue. As long as the green structure holds, I will be looking for trend-following longs on lower timeframes.
KUCOIN:GLQUSDT
GLQ has been in a correction phase and currently approaching the lower bound of its rising wedge pattern marked in blue. As long as the green structure holds, I will be looking for trend-following longs on lower timeframes.
COINEX:AEROUSDT
AERO has been in a correction phase and currently approaching the lower bound of its rising wedge pattern marked in blue. As long as the green structure holds, I will be looking for trend-following longs on lower timeframes.
Which altcoins would you like me to cover next?
All Strategies Are Good; If Managed Properly!
~Rich
Pyth
PYTHUSDT - Rounding bottom patternBINANCE:PYTHUSDT stands out as a strong investment opportunity, often considered an improved version of $LINK.
While sharing similarities with LINK, it surpasses it in certain key areas. Being a new project with low market saturation, it offers significant potential for growth ✅️
The med-term targets are outlined in the chart.
Accumulation is recommended now up to 0.236 fibo level .
Best regards Ceciliones🎯
#PYTH (SPOT) entry range (0.3660- 0.4660)T.(0.9500) SL( 0.3573)BINANCE:PYTHUSDT ( Infrastructure )
Entry (0.366- 0.466)
SL 4H close below 0.3573
T1 .50
T2 .66
T3 .74
T4 .95
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Golden Advices.
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* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
Useful Tags.
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The Solana ecosystem continues to thrive...hello friends
This currency, which is from the Solana ecosystem, managed to make a good bottom after a long-term downward trend and managed to hit a new top.
Now that Pullback has stirred, it has provided us with a good opportunity to buy a ladder.
Note that if he keeps his range, he can move to the specified targets.
Dear friends, capital management must be observed.
Be successful and profitable.
Could PYTHUSDT Be Primed for a Bullish Breakout?PYTHUSDT has recently broken out of its resistance trendline and entered a consolidation phase, forming a potential inverse head and shoulders pattern. This setup could signal an upcoming bullish move—but key levels must be confirmed before a trade setup is validated.
💎If PYTHUSDT breaks out and closes a candle above the current resistance zone, it would validate the inverse head and shoulders pattern, significantly boosting the probability of an upward move.
💎If retracement occurs, we could expect a bounce from the support zone. For a higher probability of success, look for a bullish Internal Change of Character (I-CHoCH) as confirmation in lower timeframes.
💎Should the price break down and closes candle below the support zone, it would invalidate this bullish scenario. In that case, it’s wise to stay patient and wait for a clearer price action setup to develop.
Remember, rushing in without confirmation often leads to costly mistakes. Play it safe, Paradisers, and always wait for the highest probability opportunities—this is how you secure consistent gains over time.
MyCryptoParadise
iFeel the success🌴
PYTH Midterm Analysis As we see, there is a DeFi trend, more and more protocols are launched ecosystems are growing, etc. PYTH is an Oracle network which will be used by many services in DeFi. So from fundamental point of view, SEED_DONKEYDAN_MARKET_CAP:PYTH has strong background.
From technical perspective, from the chart you might notice growing trading volume within past month or so. Taking into account little to no growth it indicates price consolidation accompanied by accumulation, which during a bull market usually leads to a mid-term growth.
PYTH !!! System Signals LONG RE-Entry Today !!!oday is a very special day for anyone interested in **PYTH (Pyth Network)** because the system is giving us a **perfect RE-entry signal** that follows all the rules:
- **Price is above the 200MA**
- The **local top** has been broken
- The **PSR (Parabolic Stop and Reverse)** The PSR remains bullish even after being pierced by the price. Because of this, it qualifies as a re-entry signal (continuation).
If the daily candle closes as expected, we can confidently enter a **long position**, with the **stop-loss** placed today`s (25.11.2024)PSR level.
Good luck to everyone entering long into the market—trade wisely! 🚀
PYTH still hasn't awakenedPYTH has not awakened yet despite the entire Solana ecosystem has been pumping following SOL itself. It's weird because we all expect it to be the new LINK. I wanna believe it will start late but will catch up.
I drawed the trendline and the resistance zone to show you that price is currently into a sort of ascending triangle. I'll consider this alts awakened when price will break out that resistance zone up there.
As you can see from weekly chart the recently closed candles was a bullish engulfing one, hopefully this is a sign price will hit the resistance soon although to be honest, on daily timeframe there's a clear bearish DIV on RSI
With current market cap around 1.5 bn PYTH can easily do 10x from here and this is a conservative target. I have a small bag already but I it's still in buy zone.
NOTE: this is a mid to long term TA.
Good luck
#PYTH/USDT#PYTH
The price is moving in a bearish channel on a 4-hour frame and is holding it strongly and is about to break it upward
We have a bounce from the green support area at 0.3400
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that is about to break higher and supports the rise
Entry price is 0.3500
The first target is 0.3970
The second target is 0.4400
The third goal is 0.4855
$PYTH is over accumulation, next is pumping and the distributionCollaboration of large investment funds with market maker Wintermute has always shown excellent growth of the asset. Pyth will be no exception. Accumulation is complete, everything is ready for pumping. The community issue is in the hands of the market maker!
Horban Brothers!
PYTH Network Looking for Breakout1. Pattern
Symmetrical Triangle: The price is forming a symmetrical triangle, which is characterized by a series of higher lows (ascending trendline) and lower highs (descending trendline). This is typically a neutral pattern, meaning the breakout direction is uncertain, but it often leads to a strong price movement.
2. Breakout Potential
The price is currently approaching the apex of the triangle, which suggests that a breakout is imminent. The chart shows a projection of a bullish breakout, where the price could rise toward the next key resistance level near 0.4800-0.5000 USDT.
3. Support and Resistance
Support: The ascending trendline, which has been holding since the lows of mid-September, currently provides support near 0.3300 USDT.
Resistance: The descending trendline has been acting as resistance and could break around 0.3800 USDT. If this resistance breaks, it could trigger the expected bullish movement.
4. Volume
The volume bar shows increased trading activity, which is often a sign of preparation for a breakout. If the breakout is accompanied by a volume surge, it would add more conviction to the move.
5. Bullish Scenario
Breakout Target: The chart projection suggests that if the price breaks out upwards, it could reach the resistance level at 0.4800-0.5000 USDT. This area could act as a strong resistance where the price might consolidate or reverse.
6. Bearish Scenario
Breakdown: If the price fails to break out to the upside and falls below the ascending trendline (around 0.3300 USDT), the next support could be found near 0.2750 USDT. A breakdown from the triangle could shift the momentum to the downside.
7. Key Levels to Watch
Immediate Resistance: 0.3800 USDT (descending triangle resistance)
Next Resistance: 0.4800-0.5000 USDT (upper resistance zone)
Immediate Support: 0.3300 USDT (ascending triangle support)
Next Support: 0.2750 USDT (previous swing low)
Conclusion
The price of PYTH/USDT is consolidating within a symmetrical triangle and is nearing a breakout point. A bullish breakout could lead to a rally toward the 0.4800-0.5000 USDT resistance level, while a bearish breakdown could target lower levels around 0.2750 USDT. Watch for volume confirmation during the breakout for a stronger signal.
PYTH medium term is bearishBy examining the chart data, we found that PYTH has completed a large degree pattern. This pattern is related to wave A. This pattern has lasted for about 250 days.
It is expected that wave B is also a pattern of the same degree as wave A. It means about 200-250 days.
The supply range is the best range for sell/short positions.
Note that in order to take a position, one must have a trading setup and this is only a medium-term view for PYTH.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
PYTHUSDT 1DPYTH ~ 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.
Alikze »» PYTH| Descending channel failure🔍 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 the 0.29 area.
💎 Alternative scenario: In addition, if it stabilizes below the 0.29 area, it can retest the green box.
🛑 Targets: 0.39 - 0.44 and supply area or red box.
🟩 Support: 0.29
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OKX:PYTHUSDT
PYTHUSDT.1DUpon examining the PYTH/USDT daily chart, a comprehensive analysis reveals several technical patterns and indicators that guide my trading decisions.
Overview of Current Market Position:
The price of PYTH/USDT stands at $0.3482, reflecting a decrease of 1.94% from the previous session. This movement highlights a need for careful assessment of market dynamics and potential directional changes.
Trend Analysis:
The chart displays a predominantly bearish trend over the recent months, with the price now consolidating around the $0.2303 level, which acts as the immediate support (S1). This consolidation suggests a potential for either continuation of the bearish trend or a possible reversal if bullish signals emerge.
Support and Resistance Levels:
S1 at $0.2303: A critical support level which the price has recently tested and bounced off from, indicating some buying interest at this level.
R1 at $0.4209 and R2 at $0.5094: These levels serve as the primary and secondary resistance levels. Overcoming R1 would be a significant bullish signal, likely leading to increased buying activity towards R2.
Technical Indicators:
Relative Strength Index (RSI): Positioned at 44.52, the RSI is below the neutral 50 mark, suggesting a slight bearish momentum. However, it's close enough to the midpoint to warrant monitoring for any upward movement that might indicate increasing bullish sentiment.
Moving Average Convergence Divergence (MACD): The MACD line is marginally above the signal line, albeit very close, indicating a potential buildup in bullish momentum if the divergence increases. However, the overall near-zero histogram points to a market in balance, with neither bulls nor bears fully in control.
Strategic Trading Insights:
Considering the current market conditions and technical setup, my strategy would be cautiously optimistic. The recent bounce from S1 suggests a potential for further recovery if the market sentiment improves. I would look for a confirmed breakout above R1 ($0.4209) before considering a more bullish stance. A sustained move above this level could target R2 ($0.5094), particularly if accompanied by increasing trading volume and further bullish signals from RSI and MACD.
Conversely, a break below S1 would reaffirm the bearish trend, necessitating a reevaluation of holding positions and possibly considering short positions towards lower price targets.
Conclusion:
The PYTH/USDT trading pair presents a finely balanced scenario with pivotal points at S1 and R1, which will likely determine the next significant price movement. Traders should remain vigilant, using these technical levels and indicators as key guides in their trading decisions. Adapting strategies in response to clear signals from these indicators and market movements is essential for capitalizing on this volatile trading environment.
Alikze »» LINK| Descending channel🔍 Technical analysis: Descending channel
- According to the previous post , after not fixing in the green box, the second scenario was realized.
- In the daily time frame, it faced a correction after a movement cycle, which is currently moving in a descending channel.
- Now after the demand at the bottom of the channel and the green box area, it has broken the middle of the descending channel after the second collision.
- Therefore, it can continue the upward movement with pullback to the middle of the channel, up to the roof area of the descending channel.
💎 In addition, if it can break the supply area and stabilize above the 15.6 range, it will have the targets of 1.272 and 1.618 Fibo.
💎 Alternative scenario: Note that to continue the upward trend, it must be above the 12.5 zone, so if it stabilizes below this zone, it can touch the green box again.
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BINANCE:LINKUSDT
PYTH/USDT: Holds a potential of 250% growth!Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
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Now, let’s dive into this chart analysis:
The PYTH/USDT pair is currently indicating a bearish trend within a descending triangle pattern. A breakout above the descending trendline could signal a bullish reversal with targets at the identified resistance levels. A potential move above the 50 MA and rising RSI for confirmation of a bullish trend.
On the other hand, a break below the lower support could indicate further downside risk.
Moving Averages: The 50 MA is a crucial resistance level for PYTH. A breakout above this moving average could signal a bullish shift.
Relative Strength Index: The RSI is gradually gaining momentum indicating a potential bullish shift.
Support and Accumulation range: $0.25 to $0.31.
Resistance and Targets:
~ T1: 0.4946 USDT
~ T2: 0.6739 USDT
~ T3: 0.8867 USDT
~ T4: 1.0978 USDT
DYOR. NFA.
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