Pyth
Preparing for PYTH longMore bullish than ever on PYTH, so non financial advice...
Here I'm waiting with patience for FIB-level 0.618
I think the yellow zone could be a great area to build a position. We could get some help from 20 MA and the trendline to hold the trend.
The big gains come when we break the flag and after that move to price discovery. I don't want to miss that.
I will be picky with the entry here and try to find one with tight stop loss.
PYTH LOOKS BEARISHIt has had a lot of liquidity pools in the upper range that has swept everyone away.
After hitting the main supply and then the mitigated supply, it seems ready to drop.
I specified the targets on the chart. I also specified the invalidation level. Closing a 4-hour candle above this level will violate the 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
PYTH AIMS 25% HigherPYTH has been on a decent climb after a massive sell-off. It managed to reclaim the VAL after the retest of the trendline breakout. all bullish signs and with bitcoin providing a nice bullish pump into the weekend, it'll provide a bullish narrative to fuel the altcoins this weekend.
The levels are marked on the chart where I expect PYTH to have a retracement, until then, a long aiming for the VAH seems like the higher probability trade.
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This is not financial advice. This is for educational purposes only.
Pyth - long - could be early!Pyth looks strong now after the initial airdrop sell off.
I think Pyth are preparing for a big move.
If we got really lucky (and BTC dump) I think we can find a nice entry at around 0.31. In that case we have potential 68% set up with 4.0 risk/reward ratio.
If you think Pyth is the "new Link" - It could also be a good time to DCA into Pyth...we are so early :)
$PYTH looks great for a long term spot buyThe Pyth Network is a decentralized oracle protocol that is transforming the way financial market data is accessed and utilized in blockchain environments.
$PYTH is a long term buy for me at 0.27 and below zone. I'm accumulating dips below to $0.27.
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Robust Against Attacks and Manipulation: The network is designed to be resilient against various attacks, such as price manipulation and reward exploitation. Its aggregated price feeds use a weighted median algorithm to limit the influence of any individual publisher, protecting the feeds against deliberate manipulation attempts.
Enabling Complex Financial Applications: The Pyth Network’s precision and reliability in delivering real-time market data are vital for DeFi applications, especially in times of market volatility. Its ability to provide high-quality data feeds makes it an essential component for a wide range of financial services on the blockchain.
PYTH Token for Network Coordination: The PYTH token plays a crucial role in coordinating the activities of various network participants through crypto-economic incentives. It aligns the interests of different stakeholders, such as publishers, consumers, and delegators, within the network.
Continuous Innovation and Community Involvement: Pyth is committed to ongoing innovation and community-driven development, aiming to be a core DeFi primitive and to expand into providing new types of data and governance decentralization.
The Pyth Network exemplifies how blockchain technology can democratize access to critical financial data, paving the way towards a more open, transparent, and fair financial system. Its focus on providing accurate and timely data is key to enabling efficient and sophisticated financial applications in the decentralized space.
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 Likely to Start a Bull Journey? 👀🚀PYTH Analysis💎 Paradisers, turn your attention to PYTHUSDT, as it's currently showing significant market activity. The asset is indicating a possible bullish turn from a critical support level.
💎 PythNetwork recently encountered resistance at the $0.385 level. If PYTH can uphold its position at the pivotal support level of $0.281, we may observe a continuation of its bullish trend.
💎This optimistic view is further bolstered by PYTH's robust performance above the EMA, suggesting a potential for sustained upward movement from this support.
💎 However, if PYTH struggles to sustain its stance at the $0.281 support, a strategic shift might be necessary. In this case, we could brace for a potential bearish movement from a lower demand zone. An important level to monitor is whether PYTH dips below this support, as it could herald a change to a bearish trend.
💎 Stay alert and ready, Paradisers. Your ParadiseTeam is committed to providing you with essential market insights, helping you navigate these trends and ensuring that your trading decisions are both well-informed and strategically sound.
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
Follow for more market update and trade setup
PYTH/USDTthose who have been following, we absolutely nailed $PYTH shorting it, now we are going to try nail it longing it, but lets take some things into consideration before we position ourselves!
We have the blue diagonal line as resistance, I have drawn a green line beneath it as an alert ready to trade the breakout, the thing is we are actually in a bearish pattern which is an ascending channel and we can come down to .39, confirmation of that would be breaking down from the red line, and invalidation of it will be breaking the resistance of the white line of the channel.
Set alerts and lets find the best entry to long this, I honestly do hope we come down to .39
PYTH 15/30mins unmitigated bullish OB ( Order Block)PYTH looking to liquidate the buy side before another leg up
Wait for entry below and take from there…. There is unmitigated bullish OB on 30mins TF….
Don’t get induced by longing PYTH from here
Wait for entry and take from there
Follow for more market update and trade setup
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
Follow for more trade setup
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Chart: I will follow / trade the channel and be prepared for everything!
One Love,
The FXPROFESSOR ♡