PYTH target $134h time frame
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PYTH has sold off rapidly in the early of April, and saw lows of $0.48. From perspective of TA, PYTH is correcting with the 2nd wave of Elliott impulse wave that is great for accumulation of momentum to build the 3rd wave. $0.48 aforementioned is also the corresponding support zone to the price zone built in Feb. In conclusion, $0.48~$0.58 are a good zone to enter, and target is put on $13 once the bull starts.
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Bull target: $18~$20
PYTHUSDT
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.
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PYTH/USDT Long Trading Opportunity!#PYTH/USDT SPOT LONG ENTRY
Leverage: 1x
Entries: $0.8536
Take profit 1: $0.9062
Take profit 2: $1.0065
Take profit 3: $1.1408
Stop Loss: $0.7531
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
Thanks
The sroced.
BINANCE:PYTHUSDT
Pyth/Usdt Breakout And Retest The Pyth/USDT trading pair is currently showing a strong performance as the price bounces back from the Exponential Moving Average (EMA) 25 level. The breakout from the previous resistance has been verified through analysis of the chart data, indicating a potential shift in market sentiment. It seems that the price is undergoing a retesting phase, which usually occurs after a breakout to confirm the validity of the new trend.
Based on the current market conditions, there is an anticipation of a bullish movement with a potential price increase ranging between $30 to $60. This indicates a positive momentum in the market, suggesting that buyers may be stepping in to drive the price higher.
Please be aware that this information is provided for educational purposes only and should not be considered as financial advice. It is strongly advised to perform your own thorough research (DYOR) and analysis before making any investment decisions to ensure they align with your individual financial goals and risk tolerance.
Pyth Time Is Coming The cryptocurrency pair comprising of the Pyth token and Tether (USDT) is currently exhibiting signs that a new All-Time High (ATH) might be on the horizon. The market trend for this pairing appears to be bullish, with buyers demonstrating increasing interest in the asset. There is a possibility of a substantial bullish movement ranging between 60% to 80% if the resistance level indicated by the trendline is breached. It is important to note that the information provided is for informational purposes only and should not be considered as financial advice.
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.
$PYTH Trend Line to Watch, Potential 35% LongI am currently watching this SEED_DONKEYDAN_MARKET_CAP:PYTH downward trendline waiting for some sign of a break out before entering a long position. This will most likely be confirmed or cxled in a couple days depending on Bitcoin's price movement. Lowest entry could lead to a quick 35% spot gain.
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.
PYTH buy setupOn the PYTH chart, we have a iCH, we have a bullish view on this symbol to supply.We also have a good support area on the chart
The Demand range is the right place to enter a Buy/Long position.
Closing a 4H candle below the invalidation level will invalidate our view and invalidate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
PYTH buy/long setupFirst of all, note that this is not a sell/short setup, but a buy/long setup.
If the price reaches the green range, we will enter the buy/long position.
Closing a 4-hour candle below 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
PYTH/USDT A Bullish Trajectory in Sight?👀🚀PYTH Today Analysis💎 Paradisers, prepare for an attractive trading opportunity with #PYTHUSDT, as it's showing potential for a bullish continuation following a retest of its demand zone.
💎 Examining #PYTHNETWORK past performance, we've observed its consistent movement within a descending channel. Interestingly, it has also formed a cup and handle trajectory. Currently, it has broken above the handle, increasing the likelihood of a bullish move from the retest of the demand level at $0.35044. If the momentum is sustained, our target is set above the major supply zone at $0.55717.
💎 Nonetheless, in the ever-changing world of trading, having an alternate strategy is key. Should our initial analysis not come to fruition, we're ready to pivot to a potential bullish rebound from a lower support level at $0.30686. Keep in mind, however, that breaking below this level could lead to a considerable bearish descent.
PYTH - Taking some Profits Today (Buy other ALTS)0.66 target Hit and 0.89 is resistance so..time to take profits here, at least partially (selling 80% of my spot).
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🚀 The Breakout Chart Breakdown
Witness the bullish momentum as Bitcoin smashes past the $47,650 barrier. With my analysis, we're looking at a bull run targeting $59.9K,
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🔍 Last Year's Chart: The Trendline Triumph
Cast your minds back to January 2023, when Bitcoin was a humble $18,000. Fast forward, and we're witnessing a breakout reminiscent of December 2020's rally from $7,500 to $24,000. Could we be on the cusp of reaching new all-time highs? Let's explore together.
⏱️ Halving Cycles: This Time It's Different
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PYTH price "is trending", but in which direction?)For a couple of days now, PYTH has been in various "ratings of interesting coins," so let's write a few words about what we see on the chart.
The fact that after +50% growth in early February, each daily candle closes with a shadow on top is not good for buyers. This means that someone is selling PYTHUSDT quite aggressively in the range of $0.48-0.52.
Now, a correction of at least $0.42-0.43 is very much needed.
And then it will be seen:
- whether the hype and pump will continue at least to $0.70
- or the correction will continue to the range of $0.30-0.33 for a safer purchase.
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Pyth Network (PYTH) vs. Chainlink (LINK) -A DeFi Oracle ShowdownOverview:
Overview:
Pyth Network (PYTH), a Solana-based high-frequency oracle, enters the DeFi arena, challenging the established player, Chainlink (LINK). As both projects provide crucial data feeds, let's examine their growth trajectories and delve into a trade setup for PYTH.
Pyth Network (PYTH) Highlights:
1. *Real-Time Precision:* PYTH leverages Solana's capabilities for real-time computer analytics, redefining the standards for accuracy and speed in data provision.
2. *Thriving Ecosystem:* Beyond its role as an oracle, PYTH fosters a self-sustaining community and governance model, distinguishing itself in the rapidly evolving DeFi landscape.
3. *Crucial DeFi Role:* PYTH plays a vital role in aggregating diverse data points, ensuring a consensus on accurate asset prices, thereby contributing to the health of decentralized exchanges and DeFi protocols.
Chainlink (LINK) Comparison:
1. *Established Leader:* Chainlink, a pioneer in the oracle space, has established itself as a reliable data provider across various blockchain ecosystems.
2. *Decentralized Oracle Network:* LINK's decentralized oracle network serves as a backbone for numerous DeFi applications, providing tamper-proof and reliable data.
3. *Market Presence:* LINK's market presence and partnerships have contributed to its growth, solidifying its position as a go-to oracle solution.
Trade Setup for PYTH (PYTHUSDT):
- *Entry Point:* Long position initiated at 0.2488.
- *Stop-Loss:* Set below 0.2078 to manage downside risk.
- *Target:* Aim for 0.3626 as the initial target, but caution followers to manage risk based on their portfolio size and risk tolerance.
Technical Indicators (Daily Time Frame):
- *Stoch RSI, RSI, Fischer Transform:* On the daily time frame, Stoch RSI, RSI, and Fischer Transform indicators are currently showing signs of being oversold. This oversold condition on a daily basis may suggest a potential upward price movement, making the current entry point favorable for a long position.
Caution to Followers:
This trade setup presents a no-risk scenario depending on individual portfolio sizes. Followers are advised to manage risk prudently, adjusting position sizes accordingly. While the comparison with LINK suggests potential growth, the oversold signals from daily indicators enhance the probability of an upward move. However, caution and risk management remain paramount in the volatile crypto market.
Conclusion:
As PYTH challenges LINK in the DeFi oracle space, the trade setup, coupled with oversold signals from key technical indicators on the daily time frame, offers an opportunity for potential gains. Followers are encouraged to stay vigilant, adapting their strategies as market conditions evolve.
*Note: This analysis is based on current market conditions and should be adjusted as per evolving market dynamics. Followers are encouraged to conduct their own research before making any trading decisions.*
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