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PYTH / TetherUS

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PYTHUSDT trade ideas

PYTHUSDT longT1=0.40 T2=0.47 T3=0.90 What is Bullish Divergence? A price chart showcasing bullish divergence is characterized by the formation of progressively lower lows by the price candles when the signal line of the oscillator forms progressively higher lows. It does not matter whether it is a bullish divergence RSI signal or a bullish divergence MACD signal: the principle of spotting and trading the divergence is the same. The sole difference is that a bullish divergence RSI signal uses the price troughs formed by the single signal line to detect the divergence. The bullish divergence MACD signal uses the point of the cross between the MACD lines in the indicator window as the reference signal from the oscillator
Long
by Mozart-BTC
PYTH/USDT Likely to Start a Bull Journey? 👀🚀PYTH Analysis💎 Paradisers, turn your attention to PYTHUSDT, as it's currently showing significant market activity. The asset is indicating a possible bullish turn from a critical support level. 💎 PythNetwork recently encountered resistance at the $0.385 level. If PYTH can uphold its position at the pivotal support level of $0.281, we may observe a continuation of its bullish trend. 💎This optimistic view is further bolstered by PYTH's robust performance above the EMA, suggesting a potential for sustained upward movement from this support. 💎 However, if PYTH struggles to sustain its stance at the $0.281 support, a strategic shift might be necessary. In this case, we could brace for a potential bearish movement from a lower demand zone. An important level to monitor is whether PYTH dips below this support, as it could herald a change to a bearish trend. 💎 Stay alert and ready, Paradisers. Your ParadiseTeam is committed to providing you with essential market insights, helping you navigate these trends and ensuring that your trading decisions are both well-informed and strategically sound.
Long
by MyCryptoParadise_Simon
1
📊#PYTH may reverse trend based on double bottom bullish structu🧠We hit a new all-time low after a long period of decline. At present, the goal of the short structure has been fully achieved, and a double bottom bullish structure has been formed in the buy zone, so there is a high probability that we will reverse the downward trend based on this structure. Let’s see 👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
PYTH long - swing tradeGot into a PYTH long. The current trading range is pretty clean and so is our invalidation. From a general perspective expecting us to get to a minimum of 1$. Using the FIB for price discovery as Bybit does not have more pa. (unfortunately). This is a longer term trade from my perspective so let's see how it plays out. Entry 0.4220$ TP 1$ SL 0.3340$ Will leave this trade play out and come back to it if we get anything interesting in the coming weeks. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Long
by Patrick2707
📊#PYTH potential smiley face structure, worthy of attention👀🧠We started to rise after falling below the historical low. If a smiling bullish structure can be formed here, then we can attack the short defense point above based on this bullish structure. If the breakthrough is successful, it means a short structure,will be broken. This means we have the potential to continue rising.📈 ⚠️Note that this is a conjecture based on technical aspects. There are still many uncertainties in the market, and more signals still need to be determined, so please maintain a cautious attitude when dealing with it.💯✔️ 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
Pyth respecting fib extensionsLike some other newer to CEX tokens, PYTH seems to be respecting fib extensions. These are pretty hard to chart since they are so new. The chart history is small and the token did launch at a rather large market cap. Volume has dropped harshly as well as RSI, cool offs are good for consolidation. The token did break the multi day downward trend dawn with the red line. Since I believe we are entering a bull market, this wont matter, but the fully-diluted valuation is obnoxious (5.2billion$). So if all tokens were released the network would be valued at 3 billion less than chainlink's link token. Im going to go out on a limb and say this is overhyped value wise, but you cant use traditional valuation techniques to value crypto especially during upward momentum. This solana based token will likely climb upward with how positive the sentiment is around it. The oracle solution serves many blockchains including arbitrum(one of my favorite), optimism, bnb and more. I am bullish on this token short and medium term for that reason. I think we see another shot at .5 in the coming days, .47 is my official first target.
Long
by Apollo_21mil