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Pyth

PYTH taget $1.45 (perp)4h time frame - TP: $1.4~$1.53 SL: $0.426 - 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 soon. It is hard to estimate critical resistance once PYTH goes over $1.15, so we can use Fibonacci tool to set up the target to profit around $1.4~$1.53, which RRR is over 8. - Refer to link below if you're interested in my perspective of Bull High of PYTH.
Long
by EthanTW
Alikze »» PYTH | Penetration below the resistance zone🔰 The PYTH Network is the largest and fastest-growing first-party oracle network. Pyth delivers real-time market data to financial dApps across 40+ blockchains and provides 380+ low-latency price feeds across cryptocurrencies, equities, ETFs, FX pairs, and commodities. 🔰 The currency of the PYTH network has faced supply in the 4H and 8H time after an upward trend in the resistance range, which currently, due to the fact that it has penetrated below the resistance, it can face any higher supply and up to the green box area of this correction. 🔰 to continue But if the resistance zone and the dynamic trigger break, it can continue to grow until the next supply zone. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Short
by alikze
1
📉📈 PYTH Support and Potential Upside! 🚀💹 📊 Analysis: Support Zone: PYTH is compressing down to $0.905, indicating a support zone. Building Up: Signs of building up are observed in this support area. Laddering In: Consider laddering into positions at this level. Next Support: If $0.905 fails, next support likely at $0.80. 📈 Trade Plan: Entry: Initiate a trade around $0.905. Take Profit: Target set at $1.10 for potential upside. Stop Loss: Place just below $0.78 to manage risk. 🌟 Note: Stay vigilant for any shifts in market dynamics and adjust strategies accordingly! 🌐🚀 #PYTH #Support #TradePlan 📊📈
PYTH:PYTHUSDLong
by Richtv_official
📈 PYTH Trade Analysis 📉📊 Market Observation: Current Movement: PYTH is approaching a significant area of interest where previous resistance levels could turn into support. Fibonacci Level: The 0.618 Fibonacci level aligns with this area of interest, adding to its significance. Strategy: Dollar-Cost Averaging (DCA) will be utilized to accumulate positions as price enters the support zones. 📈 Trading Plan: Buy Zones: Look to initiate buy positions in two areas of interest: around $0.57 and $0.80. Take Profit: Target profit areas are set around $1 and $1.80, allowing for potential gains as price reacts to the support zones. Stop Loss: Implement a stop-loss strategy to manage downside risk, with a daily close below $0.50 serving as a signal for potential trend reversal.
PYTH:PYTHUSDLong
by Richtv_official
Pyth (PYTH) Poised to Surpass Chainlink (LINK) ATHIn the race for oracle supremacy, Pyth (PYTH) emerges as a formidable challenger to Chainlink (LINK), with the potential to surpass LINK's all-time high (ATH) of $49. Let's crunch the numbers to see why PYTH is set to shine. Firstly, let's consider the supply dynamics. While Chainlink has a fixed maximum supply of 1,000,000,000 LINK tokens, Pyth boasts a total supply of 9,999,989,217 PYTH tokens. This vast difference in total supply can significantly impact price dynamics and market capitalization calculations. At its ATH of $49, Chainlink reached a market capitalization of approximately $49 billion (1,000,000,000 LINK * $49). However, with Pyth's larger total supply, even if it were to achieve the same market capitalization, each PYTH token would only need to reach approximately $4.90 to match LINK's ATH market cap (9,999,989,217 PYTH * $4.90). Considering Pyth's compelling features, including its robust data sources, real-time updates, and proven resilience during market turmoil, it's evident that PYTH has the potential to not only match but surpass Chainlink's ATH valuation. As the demand for high-fidelity financial data in DeFi continues to soar, PYTH's accessibility and accuracy position it as the frontrunner in the oracle race, making $5 seem like just the beginning of its ascent. Disclaimer: This analysis provides informational insights based on publicly available data. It does not constitute financial advice. Traders should conduct their own research, assess risk tolerance, and seek guidance from financial professionals before making any investment decisions.
Long
by sir-rekt-alot
📈 PYTH: Building Support Structure for the Next Run Up! 🚀💹📊 Analysis: Support Structure: PYTH is building support at $0.649. Next Target: Aiming for the next run up, targeting resistance at $0.797. Crucial Level: $0.687 is a crucial level; needs to claim and hold it. 📉 Potential Scenarios: Optimistic Scenario: Successful hold of $0.687, targeting $0.797. Bearish Scenario: Potential drop to $0.535 in case of a breakdown. 🌐 Note: Monitor closely for key levels and market dynamics! 📊🚀 #PYTH #SupportStructure #ResistanceTarget 📉📈
PYTH:PYTHUSDLong
by Richtv_official
PYTH - new ATH, can this coin 20x in 2024?Technical analysis PYTH looks absolutely strong! This coin is listed on all major exchanges and is pretty easy to buy. Why do I think this coin is bullish? We can see that the price is going up after the listing on exchanges, which is a strong sign of interest. It will hit a new all-time high pretty soon, and after that, it can skyrocket. The accumulation phase should be completed, and we are ready for price discovery in 2024. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. About Pyth Network The Pyth Network is the largest and fastest-growing first-party oracle network. Pyth delivers real-time market data to financial dApps across 40+ blockchains and provides 380+ low-latency price feeds across cryptocurrencies, equities, ETFs, FX pairs, and commodities. The network comprises some of the world's largest exchanges, market makers, and financial services providers who contribute their own price data for use by smart contracts. Participants in the network include Binance, OKX, Jane Street, Bybit, Cboe Global Markets and more. The Pyth oracle program aggregates their data on-chain to guard against inaccuracies and manipulation. Finally, the protocol allows users to "pull" the latest price onto their blockchain when needed. In less than a year since the launch of the cross-chain pull oracle, the network has secured over SEED_TVCODER77_ETHBTCDATA:1B in total value. The Pyth Network has been used by over 250 applications to secure $100B in trading volume. Integration with Pyth Price Feeds is permissionless. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
14
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