#PYR is moving inside a descending channel on the daily chart and is currently trying to hold above the daily MA50.
🔻 If the daily candle closes below the MA50, a drop toward Support 1 and Support 2 is possible.
🔺 If it closes above the MA50, we may see a move toward the channel resistance.
In that case, the targets are:
🎯 $1.409
🎯 $1.807
🎯 $2.350
🎯 $2.789
🎯 $3.227
⚠️ Use a tight stop-loss.
🔻 If the daily candle closes below the MA50, a drop toward Support 1 and Support 2 is possible.
🔺 If it closes above the MA50, we may see a move toward the channel resistance.
In that case, the targets are:
🎯 $1.409
🎯 $1.807
🎯 $2.350
🎯 $2.789
🎯 $3.227
⚠️ Use a tight stop-loss.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.