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PYR / TetherUS

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PYRUSDT trade ideas

✴️ Vulcan Forged PYR [NYA]It has been going sideways for more than a year but while trading within a range Vulcan Forged PYR has been printing higher lows. The current price for PYRUSDT trades below EMA50 but the RSI is bullish. The current price trades relatively low compared to recent support levels yet the MACD is entering the bullish zone. This tells us that while it might look like nothing is happening, bullish accumulation is taking place and this is normally followed by a bullish wave. The strong drop on the left should also be matched by a strong rise on the right. Namaste.
Long
by MasterAnanda
3
PYRUSDT: What next after the massive breakout?PYRUSDT displays a robust structure resembling a harmonic pattern AB=CD. The price witnessed substantial accumulation following the completion of leg D. After approximately 115 days of accumulation within a potential box-like pattern, a surprising breakout occurred, testing the supply levels towards the leg B of the pattern. However, the resistance encountered within this supply area has hindered further upward movement, leading to a pullback towards the box neckline area. As the price descends, there's a notable weak support zone identified. Despite its label, this level holds significance and might propel the price upwards. Anticipation leans towards a pullback in an ABC pattern. The immediate demand zone highlighted on the chart presents a robust area for potential buy opportunities. The outlined targets align with the supply zone illustrated on the chart. Boosting this analysis and engaging with your comments is appreciated.
by weslad
3
PYR buying zoneI see the red zone as a nice zone for buying pyr. If the market crash continue , and BTC will bleed more toward 14-9k range . Notice : as we are right now , 21-17k BTC range , every one can begin to accumulate their desirable tokens , for example 30% now and the rest when prices reached the area mentioned , because the market is a guessing game , no one know exactly what would happen . its okay to start DCA now , because we are already +80% down from almost all ALTS ATH . I want to point out , that the price could go even lower than the zone mentioned , however , as i mentioned before , from here every one can start DCA , no one could catch the real bottom unless he has a time travel machine . Not a financial advice Thank you
Short
by youyousag
2
PYR: Breakout Target 50$ by 2024🚀 Exciting developments are underway as Vulcan Forged PYR (PYR) makes a notable exit from a significant accumulation phase. The charts suggest a potential retest of the upper boundary of this range, setting the stage for a breakout with a target of $50 by the end of 2024. Let's dive into the details of this emerging opportunity. 📈🔍 PYR's Accumulation Breakout: Accumulation Dynamics: PYR has shown signs of accumulating within a range, indicating a period of gathering momentum before a potential price move. Exit from Accumulation: The recent breakout from this accumulation phase is a noteworthy development, suggesting that PYR is gearing up for a new trend. The Retest and Breakout Scenario: Retesting Upper Boundary: It's common for assets to retest the upper boundary of a range after a breakout. PYR might revisit this level, providing an opportunity for traders to confirm the strength of the breakout. Targeting $50: The bullish sentiment surrounding PYR leads us to set a target of $50 by the close of 2024. This ambitious goal aligns with the potential of the current breakout. Trading Strategy: Retest Confirmation: Wait for confirmation through price action, ensuring that the retest of the upper boundary is met with bullish momentum. Volume Analysis: Monitor trading volume during the retest and subsequent breakout. Increased volume can validate the strength of the upward move. Long-Term Outlook: Considering the target of $50 by the end of 2024, investors may evaluate PYR as a potential long-term opportunity. Conclusion: PYR's emergence from accumulation signals a significant shift in market dynamics. As the cryptocurrency landscape evolves, strategic traders and investors can position themselves to capitalize on the potential breakout, with the ambitious target of $50 on the horizon. May your trades align with the momentum of PYR's breakout, and the crypto journey be filled with success. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
1
PYRUSDT trading ideaPYRUSDT experienced a price breakout from the downtrend trendline, and since then, it has been trading within a range that has lasted over 329 days. Our strategy is to patiently wait for the next breakout, with targets for both sides of the breakout displayed on the chart. We plan to monitor the price action within the current range, paying close attention to the range high and range low levels. Wait for a decisive breakout from the range in either direction. If the price breaks above the range high, consider entering long positions targeting the upside breakout levels shown on the chart. and If the price breaks below the range low, consider entering short positions targeting the downside breakout levels shown on the chart. It's important to note that the longer the price remains in the range, the stronger the potential breakout could be.
by weslad
2
PYRUSDT 1000% Potential long term.Altcoin Update 1. Potential Gems for the Next Bull Run! Welcome to this quick update! For those who've been following me, you know I share altcoins at the onset of a bull run. Well, we're already in one! In this update, I'll highlight some of the most promising altcoins poised for the next two years. Featured Altcoin: PYR PYR stands out with robust fundamentals and impressive exchange volume. This could be a lucrative investment for the next two years. Optimal entry points range from a retest around $4.8 to $5.5. My projections suggest a potential surge to $50 by the end of 2025. Follow me for regular updates on both Altcoins and Bitcoin as we navigate the exciting journey ahead. Trading involves risk, and the provided information is for educational purposes only. Do your own research and consider consulting a financial advisor before making investment decisions. I will be posting more. Thank you #PEACE
Long
by Cryptorphic