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Pyth

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
Long
by Shotokhan
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🌴
Long
by MyCryptoParadise
12
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.
Long
by YogaID
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
Short
by behdark
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 »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« OKX:PYTHUSDT
Long
by alikze
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.
by MarsSignals
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. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:LINKUSDT
Long
by alikze
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: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. 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. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
Long
by Cryptorphic
1
PYTH Is Currently At Strong SupportAfter 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 provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
1
Pyth Network (PYTH)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 ascending channel and recently Pyth broke the minor downtrend line. Let's see what happens.
Long
by SaeedSalehinia
PYTH/USDT Gaining Momentum For a Bullish Rally | Get Ready 💎#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 rally propelled by the strong momentum at this level. 💎However, if SEED_DONKEYDAN_MARKET_CAP:PYTH loses its footing and descends into the channel, dipping below the current support, it could signify a shift back to a bearish trend. The next key demand zone is at $0.355, a level renowned for its liquidity and historical bullish rebounds. 💎Should #PYTH revisit this demand zone, it's vital for the price to secure a strong rebound to uphold support. Failure to achieve this could boost bearish forces, worsen market sentiment, and potentially result in further price declines. 💎Keep your strategies adaptive and remain alert, Paradisers. Your ParadiseTeam is vigilantly monitoring the market and ready to guide you through the dynamic shifts of the #PythNetwork market. MyCryptoParadise iFeel the success
Long
by MyCryptoParadise_Simon
1
Alikze »» PYTH | Dynamic trigger failureIn the previous analysis presented, it made a correction to the current supply box that was specified. But in the time of 8H, there is a demand after the morning star candle. 💎 Currently, the dynamic trigger has broken and this pullback can be returned to the broken structure and perform an upward cycle to the specified areas. 💎 In the first step, after the support, this path can continue up to the limit of 0.5386 to fill the FVG gap in the daily time, and if there is a demand, it can be extended to the specified supply range. 💎 Alternative scenario: If the range of the green box is broken, this correction can continue up to the range of 0.39 of the OB range and the created demand. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze