PYTHUSDT trade ideas
PYTH/USDTThis is already an active trade setup but looks like the chart is providing another opportunity to get a good R:R entry.
Large M shape harmonic structure.
Lower demand line appearing to show a partial decline and seller exhaustion at the key level.
Bullish engulfing candle off the key level to boot.
What is not to love here? : )
PYTHUSDTToday's analysis is on PYTH.
Following the Price action, it would be best to view and position oneself for the greater good.
This is one of those alts, that had a good rally at inception and could repeat same run again and again.
Looking forward to the play of the trade, the momentum maybe slow but i'd be watching
Trade wisely
Trader45
#PYTH/USDT: Bullish Breakout Ahead! SEED_DONKEYDAN_MARKET_CAP:PYTH /USDT: Long Position🚀
PYTH is forming a descending wedge pattern, which is a bullish reversal setup. The price has consolidated and is approaching a breakout point. If the price breaks above the wedge resistance, a strong upward move can be expected, with significant upside potential indicated in the chart.
Entry Point: Current Market Price (CMP)
Additional Positions: Add more if the price dips to the support zone near 0.25 USDT.
🎯Targets:
$0.39
$0.49
$0.65
$0.72 (Final target)
⛔Stop Loss (SL): $0.24 to manage downside risk.
⚖️Leverage:
Use leverage cautiously, between 5x and 10x depending on your risk tolerance.
DYOR NFA
#Cryptocurrency #Crypto #XRP
Pyth Network (PYTH): Possible Move To 100 EMA Pyth Network might have a nice little bounce from current zone of support, where price should move to 100EMA. So we are looking for a bounce from support to EMA and a movement inside that zone until we see a clean break of the EMA or support line here.
Swallow Team
Pythusdt trading opportunityPythusdt is currently in a strong downtrend, forming a falling wedge pattern, indicating a potential reversal.
We anticipate a bottom around the previous low, and plan to accumulate near that zone, considering a possible double bottom formation.
The chart outlines our strategy and accumulation path. A stop-loss is crucial, as a failure to hold the current low could trigger a significant downward move.
Exercise caution in trading.
Pythusdt buy opportunityPythusdt is currently navigating within a potential ascending broadening wedge formation, indicating a widening price range over time.
Our expectation is for the price to adhere to this setup until it reaches the final setup target delineated on the chart. Our strategy involves buying back the coin within the provided buy area, which is anticipated to serve as a robust support and demand zone.
Notably, the highlighted resistance level represents a crucial local barrier. Should the price breach this level, we advocate for proactive action, entering positions on pullbacks towards the breakout level rather than waiting for a retest of the buy-back area.
We encourage the sharing of insights and opinions on this coin for further discussion and analysis.
All charts going Private!Hi everyone! I wanted to let you know that I will no longer be sharing public charts on this channel. After much consideration, I've decided to focus on my own trades and provide insights only to a select few in private consultations.
I realized that offering free services can sometimes do more harm than good. Without the right strategy or money management, some people end up losing money. I believe that a more personalized approach will allow me to better support those who are serious about improving their market skills.
For those of you who have followed my public charts, I sincerely wish you success in the ongoing market cycle. Remember, the key to long-term success is staying calm and patient during market fluctuations.
"The last chart posting here is PYTH its known as LINK killer"
PYTH medium term is bearishBy examining the chart data, we found that PYTH has completed a large degree pattern. This pattern is related to wave A. This pattern has lasted for about 250 days.
It is expected that wave B is also a pattern of the same degree as wave A. It means about 200-250 days.
The supply range is the best range for sell/short positions.
Note that in order to take a position, one must have a trading setup and this is only a medium-term view for PYTH.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
PYTHUSDT 1DPYTH ~ 1D
#PYTH Very confusing
Whether to buy or worry.
we will give a conclusion.
in a bull market all bearish patterns may be easy to validate or fail structurally.
Losing this Support Block will make this bearish Pattern real, or if SEED_DONKEYDAN_MARKET_CAP:PYTH manages to defend this Support Block, We will say this bearish Pattern will fail.
Alikze »» PYTH| Descending channel failure🔍 Technical analysis: Descending channel failure
- It has been moving in a downward channel in the 8H time frame and daily.
- Currently, with the failure of the channel roof, it is around the supply area and neck line.
- Therefore, in case of a negative reaction, it can be broken into the channel with pullback and touch the specified targets by maintaining the 0.29 area.
💎 Alternative scenario: In addition, if it stabilizes below the 0.29 area, it can retest the green box.
🛑 Targets: 0.39 - 0.44 and supply area or red box.
🟩 Support: 0.29
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Alikze.
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OKX:PYTHUSDT