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PYTH / TetherUS

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PYTHUSDT trade ideas

PYTH/USDT A Bullish Trajectory in Sight?👀🚀PYTH Today Analysis💎 Paradisers, prepare for an attractive trading opportunity with #PYTHUSDT, as it's showing potential for a bullish continuation following a retest of its demand zone. 💎 Examining #PYTHNETWORK past performance, we've observed its consistent movement within a descending channel. Interestingly, it has also formed a cup and handle trajectory. Currently, it has broken above the handle, increasing the likelihood of a bullish move from the retest of the demand level at $0.35044. If the momentum is sustained, our target is set above the major supply zone at $0.55717. 💎 Nonetheless, in the ever-changing world of trading, having an alternate strategy is key. Should our initial analysis not come to fruition, we're ready to pivot to a potential bullish rebound from a lower support level at $0.30686. Keep in mind, however, that breaking below this level could lead to a considerable bearish descent.
Long
by MyCryptoParadise
PYTH - Taking some Profits Today (Buy other ALTS)0.66 target Hit and 0.89 is resistance so..time to take profits here, at least partially (selling 80% of my spot). 🌟 Bitcoin's Breakout Surge: Professor's Big Charts Revealed 🌟 📈 Live Analysis Incoming! Prepare for an in-depth journey through Bitcoin's latest surge as we go live on TradingView. Get ready for a session packed with insights and the unveiling of the Professor's big chart. Join us: Live Stream: www.tradingview.com 🚀 The Breakout Chart Breakdown Witness the bullish momentum as Bitcoin smashes past the $47,650 barrier. With my analysis, we're looking at a bull run targeting $59.9K, 69K , and the ambitious $79K. 🎯 Stay bullish and watch as the charts unfold the story live! 💹 Historic Patterns: A Roadmap to $79K Reflect on the last breakout at $31,100 and its staggering rise to $46,000. Our charts have been the compass leading us to these profitable winds. Don't miss out as we dissect the potential climb to $79K, live! 🔍 Last Year's Chart: The Trendline Triumph Cast your minds back to January 2023, when Bitcoin was a humble $18,000. Fast forward, and we're witnessing a breakout reminiscent of December 2020's rally from $7,500 to $24,000. Could we be on the cusp of reaching new all-time highs? Let's explore together. ⏱️ Halving Cycles: This Time It's Different Every cycle writes its own story, and this one's no exception. We're approaching the halving with a market more aware and ready to advance. Tune in as we analyze why we might see an all-time high sooner than the previous cycles. 🌐 Join the Live Stream for the Full Picture There's much more to cover, from halving cycles to breakout patterns. Ensure you're part of the live session for a comprehensive analysis that could redefine your trading strategy. Catch the full live session and secure your front-row seat to Bitcoin's exciting journey: Join the Live Stream: www.tradingview.com One Love, The FXPROFESSOR 💙
by FX_Professor
PYTH Another Path To Successful Trade **Foundational:** * **Oracle Integration:** PYTH successfully integrated with Chainlink, a leading decentralized oracle network, in January 2024. This allows for secure and reliable access to real-world data on the blockchain, which strengthens the foundation of PYTH's price feeds. * **Exchange Listings:** PYTH is now listed on several major cryptocurrency exchanges, including Binance, Huobi, and OKEx. This wider accessibility is expected to increase adoption and demand for the PYTH token. **Recent Developments:** * **Community Growth:** The PYTH community has been steadily growing, with active participation in various forums and social media channels. This suggests strong interest in the project and its potential. * **Partnerships:** PYTH has announced partnerships with several DeFi and NFT projects, aiming to integrate its price feeds into their applications. This collaboration could expand PYTH's reach and utility within the cryptocurrency ecosystem. **Disclaimer:** I am unable to provide financial advice or recommendations. Please do your own research before making any investment decisions. **Additionally:** * It is important to note that the cryptocurrency market is highly volatile and speculative. Past performance is not necessarily indicative of future results. * You should carefully consider your own risk tolerance and financial situation before investing in any cryptocurrency, including PYTH. I hope this information is helpful. Please let me know if you have any other questions.
Long
by MoonTradingForecast
PYTH one of the best Solana play in next cycleLet's start with the basics. Pyth is prica oracle by analogy with $LINK. One of the most fundamental projects in the ecosystem, whose infrastructure is used by many other Solana dApps From a price perspective, PYTH has already formed a local bottom and we could be looking at adding to the position at this level I look quite positively at this asset as a potential upside to Solana. If the market and Solana are ok, I expect $1+ here. The position is long term, not recommended for all scalping and lower TFs.
Long
by Samura0x
PYTH Surges 5% as It Tries to Re-Enter a Positive Price ChannelOKX:PYTHUSDT dropped below the lower boundary of a medium-term positive price channel in the last 24 hours. However, buyers quickly jumped in to minimize the damage, and are currently attempting to elevate it back within the bullish range. Should PYTH close a 4-hour candle in the range within the next 12 hours, it could soon attempt a challenge at the $0.5180 resistance level. A break above this major threshold could then give the Pyth Network price the foundation needed to rise to the subsequent resistance level at $0.5985 through the course of the following few days. This bullish thesis may be invalidated if PYTH closes 2 consecutive 4-hour candles below the bullish price channel within the next 24 hours. In this alternative scenario, the crypto could be at risk of dropping to the immediate support level at $0.4385 in the short term. Continued sell pressure at this point may then lead to the Pyth Network price dropping to as low as $0.3820. Bulls Could Boost PYTH Above Resistance Technical indicators on PYTH’s 4-hour chart are flagging bullish, which suggests the Pyth Network price may rise in the next 48 hours. The Moving Average Convergence Divergence (MACD) line is closing in on the MACD Signal line. These two lines crossing in the next 24 hours may signal that PYTH has entered into a bullish cycle. In addition to this, the Relative Strength Index (RSI) line is positioned above its Simple Moving Average (SMA) line. Traders may see this as a sign that buyers are currently stronger than sellers. As a result, bulls may drive the Pyth Network price higher in the upcoming days.
Long
by StevenWalgenbach
PYTH price "is trending", but in which direction?)For a couple of days now, PYTH has been in various "ratings of interesting coins," so let's write a few words about what we see on the chart. The fact that after +50% growth in early February, each daily candle closes with a shadow on top is not good for buyers. This means that someone is selling PYTHUSDT quite aggressively in the range of $0.48-0.52. Now, a correction of at least $0.42-0.43 is very much needed. And then it will be seen: - whether the hype and pump will continue at least to $0.70 - or the correction will continue to the range of $0.30-0.33 for a safer purchase. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
6
PYTH Trades in a Bullish Channel, How High Can It Go?OKX:PYTHUSDT continues to trade within a bullish price channel that it managed to recover to back within after surpassing the $0.4385 resistance level. Should this positive momentum continue, the crypto could attempt to flip the resistance level at $0.5180 into support as well. A daily candle close above this barrier could then give the altcoin the foundation needed to rise to $0.5985 in the following few days. This bullish thesis could be invalidated if the Pyth Network price breaks below the lower boundary of the bullish price channel within the next 48 hours. In this alternative scenario, PYTH may retest the aforementioned $0.4385 mark. Continued sell pressure may drag the altcoin down to $0.3820. Losing the support of this level could then expose the Pyth Network price to the risk of falling to $0.3140 in the short term. Technical indicators on PYTH’s daily chart suggest the Pyth Network price could continue climbing in the next 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bullish. The MACD line is breaking away above the MACD Signal line, which could be taken as a sign that PYTH’s bullish trend is growing stronger. This technical flag is supported by the RSI line, which is breaking away above the Simple Moving Average (SMA) line. Traders may see this as a signal that bulls are growing stronger against bears, and may boost the Pyth Network price in the upcoming days.
Long
by StevenWalgenbach
Pyth Network (PYTH) vs. Chainlink (LINK) -A DeFi Oracle ShowdownOverview: Overview: Pyth Network (PYTH), a Solana-based high-frequency oracle, enters the DeFi arena, challenging the established player, Chainlink (LINK). As both projects provide crucial data feeds, let's examine their growth trajectories and delve into a trade setup for PYTH. Pyth Network (PYTH) Highlights: 1. *Real-Time Precision:* PYTH leverages Solana's capabilities for real-time computer analytics, redefining the standards for accuracy and speed in data provision. 2. *Thriving Ecosystem:* Beyond its role as an oracle, PYTH fosters a self-sustaining community and governance model, distinguishing itself in the rapidly evolving DeFi landscape. 3. *Crucial DeFi Role:* PYTH plays a vital role in aggregating diverse data points, ensuring a consensus on accurate asset prices, thereby contributing to the health of decentralized exchanges and DeFi protocols. Chainlink (LINK) Comparison: 1. *Established Leader:* Chainlink, a pioneer in the oracle space, has established itself as a reliable data provider across various blockchain ecosystems. 2. *Decentralized Oracle Network:* LINK's decentralized oracle network serves as a backbone for numerous DeFi applications, providing tamper-proof and reliable data. 3. *Market Presence:* LINK's market presence and partnerships have contributed to its growth, solidifying its position as a go-to oracle solution. Trade Setup for PYTH (PYTHUSDT): - *Entry Point:* Long position initiated at 0.2488. - *Stop-Loss:* Set below 0.2078 to manage downside risk. - *Target:* Aim for 0.3626 as the initial target, but caution followers to manage risk based on their portfolio size and risk tolerance. Technical Indicators (Daily Time Frame): - *Stoch RSI, RSI, Fischer Transform:* On the daily time frame, Stoch RSI, RSI, and Fischer Transform indicators are currently showing signs of being oversold. This oversold condition on a daily basis may suggest a potential upward price movement, making the current entry point favorable for a long position. Caution to Followers: This trade setup presents a no-risk scenario depending on individual portfolio sizes. Followers are advised to manage risk prudently, adjusting position sizes accordingly. While the comparison with LINK suggests potential growth, the oversold signals from daily indicators enhance the probability of an upward move. However, caution and risk management remain paramount in the volatile crypto market. Conclusion: As PYTH challenges LINK in the DeFi oracle space, the trade setup, coupled with oversold signals from key technical indicators on the daily time frame, offers an opportunity for potential gains. Followers are encouraged to stay vigilant, adapting their strategies as market conditions evolve. *Note: This analysis is based on current market conditions and should be adjusted as per evolving market dynamics. Followers are encouraged to conduct their own research before making any trading decisions.*
Long
by sir-rekt-alot
2