Pyth vs Sol - is it time to swap?.6 my friends is key.
.32 to .36 Seem to be the best range if this becomes a cup-and-handle.
RSI will slip soon I think then start running if overall market goes positive.
Key stats
PYTH SOL very unclear - I am not playing that HTF it is still in a downward momentum though it has been decelerating
possible breakout of a descending triangle, unless those were lower lows
then
lower...
not touching it
Pyth longPyth broke out of algorithm support, expecting the price to seek equilibrium in the blue line. Easy money from my point of view.
NFA
so simple., will longUpward channel, upward oscillation range, lower boundary support position, upward long position, simple line drawing technique, correct line drawing technique
Why #PYTHLooks Like a Promising Trade OpportunityWhy #PYTH/USD Looks Like a Promising Trade Opportunity
I've been closely monitoring the performance of PYTH/USD, and based on the recent price action and technical indicators, I believe we have a solid trade setup here. Let's dive into the details:
1. Descending Wedge Breakout Potential: As shown
Huge PYTH token unlockThere is a huge unlock of the PYTH token today at 2:00pm UTC. Be prepared for some major dumpage!!! Price seems to be being inflated now to maximise the drop.
📉📈 PYTH Support and Potential Upside! 🚀💹
📊 Analysis:
Support Zone: PYTH is compressing down to $0.905, indicating a support zone.
Building Up: Signs of building up are observed in this support area.
Laddering In: Consider laddering into positions at this level.
Next Support: If $0.905 fails, next support likely at $0.80.
📈 Trade Plan:
📈 PYTH Trade Analysis 📉📊 Market Observation:
Current Movement: PYTH is approaching a significant area of interest where previous resistance levels could turn into support.
Fibonacci Level: The 0.618 Fibonacci level aligns with this area of interest, adding to its significance.
Strategy: Dollar-Cost Averaging (DCA) will b
PYTH --- Has created a new Inverse Head & shoulders pattern Which points to $1.25 on the log scale.
We did well previously on Pyth and had a pattern that got us to the current neckline.
The subsequent retrace has created a new right shoulder for us.
So here we are with a Double lined up for us.
Best of Luck.
$PYTH showing strengthIt seems like PYTH:PYTHUSD is showing some strength during crypto-wide bearish PA. If 38 cents is held today and BITSTAMP:BTCUSD consolidates at $40k I think it will have room to move up from this level to test the highs and maybe further. Lets see...
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