💎 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...
Pyth is a protocol that allows market participants to publish pricing information on-chain for others to use. The protocol is an interaction between three parties: Publishers submit pricing information to Pyth's oracle program.
$PYTH has yummy opportunities to build a long position. Lets look at it. There is a range which I follow 1h & 4h LTF time zone. I couldnt catch it from 0.3715 which I alarmed it. I am now building a long position setup from range-low to range-mid zone.
$PYTH has formed a rising wedge pattern which is a bearish pattern, do not get scared its ok, bitcoin recently invalidated 3 huge bearish patterns and increased in price, if we breakdown red line we short, if you are long use support red line as a SL guide
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...
PYTH 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
PYTHUSDT is showing signs of rejection at the fibonacci levels of the previous leg on the 1H timeframe which could mean that the pullback may be coming to an end. I'm buying PYTH around that levels, but will add more after the descending trendline breakout.
those 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...
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 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
Reviving the Oracle's Insight for the Digital Era In an echo of ancient wisdom, Pyth Network is revolutionizing market data in the blockchain realm, akin to how the Pythia of Delphi guided seekers with her prophecies. Pyth brings a blend of age-old insight and modern technology to ensure smart contracts are powered by data that's as reliable as it is swift....