PYTH/USDT: Holds a potential of 250% growth!
Updated
Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
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Now, let’s dive into this chart analysis:
The PYTH/USDT pair is currently indicating a bearish trend within a descending triangle pattern. A breakout above the descending trendline could signal a bullish reversal with targets at the identified resistance levels. A potential move above the 50 MA and rising RSI for confirmation of a bullish trend.
On the other hand, a break below the lower support could indicate further downside risk.
Moving Averages: The 50 MA is a crucial resistance level for PYTH. A breakout above this moving average could signal a bullish shift.
Relative Strength Index: The RSI is gradually gaining momentum indicating a potential bullish shift.
Support and Accumulation range: $0.25 to $0.31.
Resistance and Targets:
~ T1: 0.4946 USDT
~ T2: 0.6739 USDT
~ T3: 0.8867 USDT
~ T4: 1.0978 USDT
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
The PYTH/USDT pair is currently indicating a bearish trend within a descending triangle pattern. A breakout above the descending trendline could signal a bullish reversal with targets at the identified resistance levels. A potential move above the 50 MA and rising RSI for confirmation of a bullish trend.
On the other hand, a break below the lower support could indicate further downside risk.
Moving Averages: The 50 MA is a crucial resistance level for PYTH. A breakout above this moving average could signal a bullish shift.
Relative Strength Index: The RSI is gradually gaining momentum indicating a potential bullish shift.
Support and Accumulation range: $0.25 to $0.31.
Resistance and Targets:
~ T1: 0.4946 USDT
~ T2: 0.6739 USDT
~ T3: 0.8867 USDT
~ T4: 1.0978 USDT
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
Note
#PYTHUSDT Price Update.
PYTH has reached the accumulation range between $0.25 and $0.31, entering a crucial juncture. From this point, PYTH is likely to rebound after a few days of sideways consolidation.
The primary resistance is at $0.335, with an invalidation point being a breakdown and close below $0.22.
DYOR. NFA.
#cryptomarket
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