PYR / USDT PYR on the weekly recently entered back in to the bear market accumulation zone and very nicely retested that zone.
Il be holding my PYR until we get to 20usd then ATH. PYR is one of my high conviction plays in the crypto verse, and ill be buying as much as i can under $10. This is not financial advice I'm just sharing my chart on the beauty i see forming for PYR.
I have kept this chart as simple as i could for you to see and understand it.
Thank you, Please don't forget to boost this idea and leave a follow.
PYRUSD trade ideas
PYR - Two ScenariosPYR has been in a bearish trend since Dec 2021. It bounced twice recently in Aug and Nov 2024 from a historical Demand zone.
In the long term its bullish. But in the short term I expect 2 scenarios. The yellow is a bearish one that expects a further drop to the demand zone to mark a major bottom, breaking $2.1 confirms the yellow scenario. The white one is bullish and expects the price to continue going up to pass $6.9 which is the confirmation of the white scenario.
PYR - 2.272 Positional EntryPYR Rank 376
If the market has moved through a high time pivot then everything will start moving up.
PYR; another game coin has looked extremely dangerous and has tumbled down the ranks through a very bearish phase all the way back to all-time-low.
But notice the lower wicked bottom is captured perfectly by the 2.272 Golden Window.
I think that the coins with devastating bearish phases may take longer to recover; unlike other coins such as ADA and ETH that have recovered well already.
But this can potentially be a nice deep value buy here.
And it may well pump hard soon enough 👍.
Not advice
PYR continues momentum PYR continues upward trajectory with a nice multi-day cool off and consolidation. The RSI remains on upward trend and volume is much higher than a few weeks ago. As expected volatility exploded after that narrow contraction in price action and RSI. My medium term target approaches (8.26$). Two wicks dipped into demand, I think we see between 8.2-9.2$ by Christmas if BTC doesnt have its big correction around then.
PYR approaches second price targetIf you have been following along I drew a few short-medium term price targets a while back. These are historic areas of indecision and price action. Multiple double bottoms from over a year ago are the dashed greens. I marked my re-entry with my trading bags in the dotted green for transparency. I hold two bags of PYR, a long-term back that I entered sub 3$ during the bear, and a trading bag that I have already swung once and re-entered. Short-term I think this trend maintains and we either fly right to 8.26$ or we correct to the trend line once or twice. I updated a demand as a fallback zone, but this momentum is very strong. Crypto gaming, you could almost throw a dart at any established token and make money right now. Where this ends who knows. But meaningful profit taking if BTC corrects after hitting 48kish might be a good idea. I expect BTC to hit 48k and correct and alts to run a bit.
Re-entry on PYRI sold my trading PYR early this morning as the crash started and have re-entered on the dashed red which has a prior support much like my ilv chart. The RSI looks to be attempting to reverse and two shorter time frame emas are nearly touching. There is a shorter time frame fib level right near this dashed line as well that offers some support.
PYR channel uptrendPYR I have been charting for a while and entered long term probably over a year ago at this point. If I am trading a token I mark my entry point with dotted bright greens for transparency and to remind myself so I dont have to log into brokerage. PYR is looking at maybe another bounce within the short-term channel or on the local demand. If the market really heats up we could see my first price target come to fruition that is the dashed green (8.26$). The stronger alts are showing a nice uptick in RSI and HV on decent volumes which means we might have a long cycle ahead of us.
PYR above 200sma PYR sits above 200SMA on multiple daily candles for the first time in months. We are also seeing the highest daily RSI since inception. The dashed green is a prior double top, I added a local demand for context. I think we are about to see a major run for this token if we can break and confirm 4.57$. I am long here for transparency. I only use spot PYR no futures.
$PYR Range & ChannelBeen trading NASDAQ:PYR (Vulcan-Forged) around this channel and range for several months now. Just thought I'd share (hi poker)
As of right now, strictly looking at PA, looks like a deviation on the upper channel until proven otherwise.
I have been & will continue to accumulate a large spot bag over the next 4-6 months (avg. entry is around $3.05, looking to buy more <$3 later this year) with the goal of selling this above $50 sometime over the next 2 years.
As always, let's see.
PYR phase D PYR textbook Wyckoff accumulation which has almost completed. Entering Phase D and now waiting on the SOS(sign of strength) to take price above the $5.5 range up to $7.
Possibility to retest the high $3 range before continuation after confirmation. If you haven't accumulated PYR that would be a good entry, otherwise wait for the LPS(Last point of support) and BU(back up) phase for confirmation.
Confirmed break out can take price up to the $15-$20 range in the coming months.
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$PYRUSD Swing Trade IdeaFirst off, price set a potential higher low at $3.46 (Support), as you can see. Price recently re-entered the shown range & tapped the bottom of it as support ($3.531). Looking for an 11-28% move up, assuming $BTC behaves. Entry = $3.495. Invalidation = clean break below $3.369. Trading spot only.