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Pyth

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
Huge Unlocks ---- PYTHIn the next few hours, $825.5m worth of PYTH will be unlocked, releasing tokens equivalent to 141% of the current circulating supply. Different from ChainLink which has PUSH mechanism, as a representative of PULL mechanism, PYTH has developed rapidly in the past year. Nearly 200 protocols currently use PYTH as oracle. And as the demand for high-frequency data such as perpetual transactions or option transactions increases, the advantages of the PULL mechanism become more obvious. Fundamentally, PYTH has good development prospects. But from a valuation perspective, PYTH's FDV has reached $4B. Already far more than many other oracle tokens except LINK. Therefore, after huge number unlocks, the value may be revalued. We mentioned similar logic in our previous article about SUI. It can also be seen from the price trend that the PYTH dropped significantly when the huge unlocks is approaching. It is currently lower than TGE's closing price. Looking at the TSB indicator, PYTH is also experiencing a bearish trend. The column cannot even touch the wavy area. Therefore, PYTH may maintain a bearish trend for a long time to come. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
PYTH taget $1.45 (perp)4h time frame - TP: $1.4~$1.53 SL: $0.426 - PYTH follows the Elliott 2nd wave with being sold off since $1.15, but got support from the structural support zone and 0.382 Fibonacci projection, both form a robust bottom at $0.5 so far. If PYTH goes the assumed path, I can say next big pump, made of Elliott 3rd wave, is following and will bring PYTH to make ATH soon. It is hard to estimate critical resistance once PYTH goes over $1.15, so we can use Fibonacci tool to set up the target to profit around $1.4~$1.53, which RRR is over 8. - Refer to link below if you're interested in my perspective of Bull High of PYTH.
Long
by EthanTW
Alikze »» PYTH | Penetration below the resistance zone🔰 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. 🔰 The currency of the PYTH network has faced supply in the 4H and 8H time after an upward trend in the resistance range, which currently, due to the fact that it has penetrated below the resistance, it can face any higher supply and up to the green box area of this correction. 🔰 to continue But if the resistance zone and the dynamic trigger break, it can continue to grow until the next supply zone. »»»«««»»»«««»»»««« 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.❤️ »»»«««»»»«««»»»«««
Short
by alikze
1
📉📈 PYTH Support and Potential Upside! 🚀💹 📊 Analysis: Support Zone: PYTH is compressing down to $0.905, indicating a support zone. Building Up: Signs of building up are observed in this support area. Laddering In: Consider laddering into positions at this level. Next Support: If $0.905 fails, next support likely at $0.80. 📈 Trade Plan: Entry: Initiate a trade around $0.905. Take Profit: Target set at $1.10 for potential upside. Stop Loss: Place just below $0.78 to manage risk. 🌟 Note: Stay vigilant for any shifts in market dynamics and adjust strategies accordingly! 🌐🚀 #PYTH #Support #TradePlan 📊📈
PYTH:PYTHUSDLong
by Richtv_official
📈 PYTH Trade Analysis 📉📊 Market Observation: Current Movement: PYTH is approaching a significant area of interest where previous resistance levels could turn into support. Fibonacci Level: The 0.618 Fibonacci level aligns with this area of interest, adding to its significance. Strategy: Dollar-Cost Averaging (DCA) will be utilized to accumulate positions as price enters the support zones. 📈 Trading Plan: Buy Zones: Look to initiate buy positions in two areas of interest: around $0.57 and $0.80. Take Profit: Target profit areas are set around $1 and $1.80, allowing for potential gains as price reacts to the support zones. Stop Loss: Implement a stop-loss strategy to manage downside risk, with a daily close below $0.50 serving as a signal for potential trend reversal.
PYTH:PYTHUSDLong
by Richtv_official
Pyth (PYTH) Poised to Surpass Chainlink (LINK) ATHIn the race for oracle supremacy, Pyth (PYTH) emerges as a formidable challenger to Chainlink (LINK), with the potential to surpass LINK's all-time high (ATH) of $49. Let's crunch the numbers to see why PYTH is set to shine. Firstly, let's consider the supply dynamics. While Chainlink has a fixed maximum supply of 1,000,000,000 LINK tokens, Pyth boasts a total supply of 9,999,989,217 PYTH tokens. This vast difference in total supply can significantly impact price dynamics and market capitalization calculations. At its ATH of $49, Chainlink reached a market capitalization of approximately $49 billion (1,000,000,000 LINK * $49). However, with Pyth's larger total supply, even if it were to achieve the same market capitalization, each PYTH token would only need to reach approximately $4.90 to match LINK's ATH market cap (9,999,989,217 PYTH * $4.90). Considering Pyth's compelling features, including its robust data sources, real-time updates, and proven resilience during market turmoil, it's evident that PYTH has the potential to not only match but surpass Chainlink's ATH valuation. As the demand for high-fidelity financial data in DeFi continues to soar, PYTH's accessibility and accuracy position it as the frontrunner in the oracle race, making $5 seem like just the beginning of its ascent. Disclaimer: This analysis provides informational insights based on publicly available data. It does not constitute financial advice. Traders should conduct their own research, assess risk tolerance, and seek guidance from financial professionals before making any investment decisions.
Long
by sir-rekt-alot
📈 PYTH: Building Support Structure for the Next Run Up! 🚀💹📊 Analysis: Support Structure: PYTH is building support at $0.649. Next Target: Aiming for the next run up, targeting resistance at $0.797. Crucial Level: $0.687 is a crucial level; needs to claim and hold it. 📉 Potential Scenarios: Optimistic Scenario: Successful hold of $0.687, targeting $0.797. Bearish Scenario: Potential drop to $0.535 in case of a breakdown. 🌐 Note: Monitor closely for key levels and market dynamics! 📊🚀 #PYTH #SupportStructure #ResistanceTarget 📉📈
PYTH:PYTHUSDLong
by Richtv_official
PYTH - new ATH, can this coin 20x in 2024?Technical analysis PYTH looks absolutely strong! This coin is listed on all major exchanges and is pretty easy to buy. Why do I think this coin is bullish? We can see that the price is going up after the listing on exchanges, which is a strong sign of interest. It will hit a new all-time high pretty soon, and after that, it can skyrocket. The accumulation phase should be completed, and we are ready for price discovery in 2024. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. About Pyth Network 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. The network comprises some of the world's largest exchanges, market makers, and financial services providers who contribute their own price data for use by smart contracts. Participants in the network include Binance, OKX, Jane Street, Bybit, Cboe Global Markets and more. The Pyth oracle program aggregates their data on-chain to guard against inaccuracies and manipulation. Finally, the protocol allows users to "pull" the latest price onto their blockchain when needed. In less than a year since the launch of the cross-chain pull oracle, the network has secured over SEED_TVCODER77_ETHBTCDATA:1B in total value. The Pyth Network has been used by over 250 applications to secure $100B in trading volume. Integration with Pyth Price Feeds is permissionless. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
14