#PYTH
The price is moving in a bearish channel pattern on the 4-hour frame, and it adheres to it well, and it is expected to break to the upside
The price rebounded well from the lower border of the channel at the green support level of 0.4220, which is a strong level
We have a trend to hold above the Moving Average 100, which is strong support for the rise
We...
4h time frame
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TP: $1.4~$1.53
SL: $0.426
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PYTH follows the Elliott 2nd wave with being sold off since $1.15, but got support from the structural support zone and 0.382 Fibonacci projection, both form a robust bottom at $0.5 so far. If PYTH goes the assumed path, I can say next big pump, made of Elliott 3rd wave, is following and will bring PYTH to make ATH...
#PYTH
The price is moving in a downtrend on a 4-hour frame
After bouncing from a major support area in green at the $0.5000 level
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI that is about to break higher
Entry price is 0.5700
The first target is 0.6700
The second target is 0.7700
The third goal is 0.9000
4h time frame
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PYTH has sold off rapidly in the early of April, and saw lows of $0.48. From perspective of TA, PYTH is correcting with the 2nd wave of Elliott impulse wave that is great for accumulation of momentum to build the 3rd wave. $0.48 aforementioned is also the corresponding support zone to the price zone built in Feb. In conclusion, $0.48~$0.58 are a...
The Pyth/USDT trading pair is currently showing a strong performance as the price bounces back from the Exponential Moving Average (EMA) 25 level. The breakout from the previous resistance has been verified through analysis of the chart data, indicating a potential shift in market sentiment. It seems that the price is undergoing a retesting phase, which usually...
4h time frame
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PYTH is consolidating as a triangle pattern, which could be see as a potential continuation. Before completing structure, PYTH just retested 0.618 Fib Projection and got support. Both signal indicate that PYTH is still on an uptrend way.
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TP: 1.58
SL: 0.781
The cryptocurrency pair comprising of the Pyth token and Tether (USDT) is currently exhibiting signs that a new All-Time High (ATH) might be on the horizon. The market trend for this pairing appears to be bullish, with buyers demonstrating increasing interest in the asset. There is a possibility of a substantial bullish movement ranging between 60% to 80% if the...
