Pyth Network (PYTH) 150% falling wedgeOn the above 2 -day chart price action has corrected 75% since the month of March. A number of reasons now favour a long position, including:
1) Price action and RSI resistance breakouts.
2) Trend reversal. Higher highs higher lows.
3) Support on past resistance.
4) The falling wedge confirmation forecasts an 150% extension.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: medium
Timeframe to long: This month
Return: 150%