PYTH LOOKS BEARISHIn terms of wave counting, we had a triangle, which is probably the A branch of a larger pattern.
After this branch A, we expect to have a branch B of the same size as branch A. Because we expect this branch to be of the same grade as A, so in terms of time, it can be estimated that this branch will last until January 10th.
We have a support zone, if it is maintained, the price can run towards the pullback FLIP zone, and if it is lost, we will have a further correction.
By January 10th, this view will be violated if the daily candle closes above the red FLIP range
For risk management, please don't forget stop loss and capital management
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PYTHUSDT
PYTH/USDT Likely to Start a Bull Journey? 👀🚀PYTH Analysis💎 Paradisers, turn your attention to PYTHUSDT, as it's currently showing significant market activity. The asset is indicating a possible bullish turn from a critical support level.
💎 PythNetwork recently encountered resistance at the $0.385 level. If PYTH can uphold its position at the pivotal support level of $0.281, we may observe a continuation of its bullish trend.
💎This optimistic view is further bolstered by PYTH's robust performance above the EMA, suggesting a potential for sustained upward movement from this support.
💎 However, if PYTH struggles to sustain its stance at the $0.281 support, a strategic shift might be necessary. In this case, we could brace for a potential bearish movement from a lower demand zone. An important level to monitor is whether PYTH dips below this support, as it could herald a change to a bearish trend.
💎 Stay alert and ready, Paradisers. Your ParadiseTeam is committed to providing you with essential market insights, helping you navigate these trends and ensuring that your trading decisions are both well-informed and strategically sound.
📊#PYTH may reverse trend based on double bottom bullish structu🧠We hit a new all-time low after a long period of decline. At present, the goal of the short structure has been fully achieved, and a double bottom bullish structure has been formed in the buy zone, so there is a high probability that we will reverse the downward trend based on this structure.
Let’s see 👀
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PYTH ANALYSIS (4H)First of all, as you know, we don't have much data about this symbol. But after checking I found that it is now in the big B wave which is a diametric.
We are now in wave D, which is an ascending wave. It is expected to drop from the red area to the lower areas. This drop will complete wave e of B.
For risk management, please don't forget stop loss and capital management
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📊#PYTH potential smiley face structure, worthy of attention👀🧠We started to rise after falling below the historical low. If a smiling bullish structure can be formed here, then we can attack the short defense point above based on this bullish structure. If the breakthrough is successful, it means a short structure,will be broken. This means we have the potential to continue rising.📈
⚠️Note that this is a conjecture based on technical aspects. There are still many uncertainties in the market, and more signals still need to be determined, so please maintain a cautious attitude when dealing with it.💯✔️
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PYTH 4hrs TF CHoCHPYTH is ready to make a huge move as it,d grabbed liquidity below and immediately CHoCH to upside on 4hrs TF.... Wait for pullback to the unmitigated bullish OB below and take a long entry from there to previous higher high.....
Always manage your risk
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PYTH 15/30mins unmitigated bullish OB ( Order Block)PYTH looking to liquidate the buy side before another leg up
Wait for entry below and take from there…. There is unmitigated bullish OB on 30mins TF….
Don’t get induced by longing PYTH from here
Wait for entry and take from there
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PYTH CHoCH to downsidePYTH did a really good run to upside but as we can see
PYTH did a liquidity grab to the upside this more by creating CHoCH but later did CHoCH to downside which makes it obvious downside is the movement…..
Wait for retest of the entry price and take a good short from there
Manage your risk
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