PYRUSDT trade ideas
PYR Growth Spurt: Buy Your Ticket to ProfitWelcome to our crypto exploration hub! We're here to navigate the exciting world of digital assets, providing you with comprehensive insights into market dynamics and potential trading opportunities.Our mission is to decode the crypto market's mysteries and equip you with the knowledge you need to make informed investment choices. From the latest developments in Bitcoin to the hidden potential of various altcoins, we're your trusted source for daily technical analysis.While technical analysis is a valuable tool, it's important to remember that it's just one piece of the puzzle. We encourage you to take a well-rounded approach to your investments, considering factors like macroeconomic trends, news, and community sentiment.Join us for the freshest analyses, and don't hesitate to join the conversation in the comments below. Keep in mind that our content is purely for educational purposes and should not be construed as financial advice. Always integrate it into your broader investment strategy."
falling againThe price fell from the historical peak in the form of three bearish waves, and this gives us that the decline may have ended, but it appeared after that that the price was going sideways for a long time, and this gives us another and stronger possibility that the price is working a large side wave, draining a willingness to descend in a third, final big wave
Note: the analysis fails if the price closes in the highest area 5.3 usdt
Golden opportunity (PYR)- long Vulcan ForgedDon't overcomplicate things. This is buy zone for PYR?! Just have some patience and PYR will with high probability hit the top of the range (50%-profit) within a couple of months. I have high conviction of a great future for PYR and now it's a great timing to pick up some more PYR.
PYR enter phase DSep 4
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. This range might already be tested this month as a lot of news, collabs,.. announced for Vulcan Forged in September!
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.
$PYR$PYR/USDT
On the Daily timeframe level, the price action of NASDAQ:PYR bounced back from its Support Trendline level and broke out its Horizontal Resistance level and MSS which changed out the Trend pattern and took out the 1st Buy SIde Liquidity
While pumping up the price action left out the Fair Value gap level marked with the eye symbol
We can see the correction level till its Horizontal Support level and inside the FVG gap level before any further upward movement
PYR breaking out of 420D accumulation rangeHello Traders,
After GALA drama, PYR wants to get out of the 420D accumulation range. It could be the best coin to buy and hold in September for a good profit.
Keep an eye on it.~$5.3 is a key resistance.
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$PYR Performed Bullish Symmetrical BREAKOUT DONEWhat is a Symmetrical Triangle
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle.
KEY TAKEAWAYS
Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.
The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation.
#PYRUSDT: Sentiment Shift Underway💎A notable change in sentiment is unfolding for #PYRUSDT following the breakthrough above the downtrend trendline. Since then, the previous support has once again become a demand zone. Over the past 7 days, there have been multiple rejections near the $3.00 psychological support level, emphasizing the vigorous defense by bulls.
💎Additionally, the current price position is situated at the bottom of an ascending channel, presenting an intriguing entry point for potential buyers. Anticipate a potential 24% price increase within one or two weeks, as the primary resistance lies near $3.80, coinciding with a double Fibonacci resistance area.
💎While some attempts by #PYR to test lower levels or produce temporary spikes below the support level may occur, it is crucial to monitor the $2.95 level as a key invalidation signal for the bullish scenario. Bulls remain in control as long as the price remains above this level.
Stay vigilant and seize the opportunities, Paradisers! 🌴