PYTHUSDT
$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!
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 USDT Spot trade 12% potential PYTH/USDT is showing a potential 12% rise based on technical indicators. The price is approaching a breakout zone after consolidation, with momentum building. Traders should monitor key resistance levels and volume spikes to confirm the bullish movement. Keeping an eye on support zones is essential to manage risk in case of pullbacks. 📈 #PYTH #Crypto #SpotTrade
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.
PYTH: Potential for 3x Gain!#PYTH has recently broken above the resistance trendline and is showing potential for a decent rally toward the all-time high range.
Accumulation Range: $0.2754 to CMP
Target: $1 (300%)
Trade Signal: Spot
Holding Period: 3-4 months
Note: Accumulate every dip possible and do your own research before investing.
Trade safely.
Regards,
Team Dexter.
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.
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
PYTH NEW UPDATENow that we have more data on the chart, the PYTH scenario is clearer.
It seems to be completing a descending triangle which is now in wave D of this triangle.
Wave D appears to be a diametric.
From the red box, we expect the price to move towards the green range and then react to the green box.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
#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 Network PYTH price prepares something interestingThe #PYTH price is probably tamping the bottom after a several-month correction.
🔼 To continue its growth, #PYTHUSDT needs to consolidate above $0.50
⚠️ The critical level from below is $0.44,
Fixing the price of the Pyth Network token below this level will indicate that the correction will continue for some time.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
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.
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
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.❤️
»»»«««»»»«««»»»«««
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.
#PYTH/USDT#PYTH
The price is moving in a bearish channel pattern on the 4-hour frame, and it adheres to it well, and it is expected to break to the upside
The price rebounded well from the lower border of the channel at the green support level of 0.4220, which is a strong level
We have a trend to hold above the Moving Average 100, which is strong support for the rise
We have very strong oversold saturation on the RSI indicator to support the rise, with a downtrend about to break higher
Entry price is 0.4380
The first target is 0.5146
The second target is 0.5747
The third target is 0.6550
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.