Pyth longPyth broke out of algorithm support, expecting the price to seek equilibrium in the blue line. Easy money from my point of view.
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ο»ΏAbout Pyth Network
ο»Ώ
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.
ππ PYTH Support and Potential Upside! ππΉ
π 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.
π Trade Plan:
π PYTH Trade Analysis ππ 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...
Is $PYTH preparing for another +50?My scripts found a pattern in PYTH which if it repeats, pushes the price +50% close to $1 clsoe to end of next week (probably Sunday March 10th because candles range are 74-77).
in the scripts were considered Large VS Retail traders, DMA, Numbers of candles, trendline angles, Advanced RSI, volatilit
π PYTH: Building Support Structure for the Next Run Up! ππΉπ Analysis:
Support Structure: PYTH is building support at $0.649.
Next Target: Aiming for the next run up, targeting resistance at $0.797.
Crucial Level: $0.687 is a crucial level; needs to claim and hold it.
π Potential Scenarios:
Optimistic Scenario: Successful hold of $0.687, targeting $0.797.
See all ideasΒ
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
ο»ΏThe current price of Pyth Network (PYTH) is 0.40000Β USD β it has fallen β1.46% in the past 24 hours. Try placing this info into the context by checking out what coins are also gaining and losing at the moment and seeing PYTH price chart.
The current market capitalization of Pyth Network (PYTH) is βͺ1.45β―Bβ¬Β USD. To see this number in a context check out our list of crypto coins ranked by their market caps or see crypto market cap charts.
Pyth Network (PYTH) trading volume in 24 hours is βͺ200.69β―Mβ¬Β USD. See how often other coins are traded in this list.
Pyth Network price has fallen by β1.04% over the last week, its month performance shows a 15.97% increase, and as for the last year, Pyth Network has increased by 36.69%. See more dynamics on PYTH price chart.
Keep track of coins' changes with our Crypto Coins Heatmap.
Keep track of coins' changes with our Crypto Coins Heatmap.
Pyth Network (PYTH) reached its highest price on Mar 16, 2024 β it amounted to 1.15164Β USD. Find more insights on the PYTH price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
Pyth Network (PYTH) reached the lowest price of 0.21994Β USD on Jan 3, 2024. View more Pyth Network dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The current circulating supply of Pyth Network (PYTH) is βͺ10.00β―Bβ¬Β USD. To get a wider picture you can check out our list of coins with the highest circulating supply, as well as the ones with the lowest number of tokens in circulation.
The safest choice when buying PYTH is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade PYTH right from TradingView charts β just choose a broker and connect to your account.
Crypto markets are famous for their volatility, so one should study all the available stats before adding crypto assets to their portfolio. Very often it's technical analysis that comes in handy. We prepared technical ratings for Pyth Network (PYTH): today its technical analysis shows the neutral signal, and according to the 1 week rating PYTH shows the neutral signal. And you'd better dig deeper and study 1 month rating too β it's sell. Find inspiration in Pyth Network trading ideas and keep track of what's moving crypto markets with our crypto news feed.
Pyth Network (PYTH) is just as reliable as any other crypto asset β this corner of the world market is highly volatile. Today, for instance, Pyth Network is estimated as 7.75% volatile. The only thing it means is that you must prepare and examine all available information before making a decision. And if you're not sure about Pyth Network, you can find more inspiration in our curated watchlists.
You can discuss Pyth Network (PYTH) with other users in our public chats, Minds or in the comments to Ideas.