PYTHUSDT trade ideas
PYTHUSDT longT1=0.40
T2=0.47
T3=0.90
What is Bullish Divergence?
A price chart showcasing bullish divergence is characterized by the formation of progressively lower lows by the price candles when the signal line of the oscillator forms progressively higher lows. It does not matter whether it is a bullish divergence RSI signal or a bullish divergence MACD signal: the principle of spotting and trading the divergence is the same. The sole difference is that a bullish divergence RSI signal uses the price troughs formed by the single signal line to detect the divergence. The bullish divergence MACD signal uses the point of the cross between the MACD lines in the indicator window as the reference signal from the oscillator
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 $0.281 support, a strategic shift might be necessary. In this case, we could brace for a potential bearish movement from a lower demand zone. An important level to monitor is whether PYTH dips below this support, as it could herald a change to a bearish trend.
💎 Stay alert and ready, Paradisers. Your ParadiseTeam is committed to providing you with essential market insights, helping you navigate these trends and ensuring that your trading decisions are both well-informed and strategically sound.
📊#PYTH may reverse trend based on double bottom bullish structu🧠We hit a new all-time low after a long period of decline. At present, the goal of the short structure has been fully achieved, and a double bottom bullish structure has been formed in the buy zone, so there is a high probability that we will reverse the downward trend based on this structure.
Let’s see 👀
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pyth will beat chainlink in the futurePyth is a protocol that allows market participants to publish pricing information on-chain for others to use. The protocol is an interaction between three parties: Publishers submit pricing information to Pyth's oracle program.
PYTH Intelligent Asset A break of 0.367 support then returned to 0.367 flip support to resistance
Bullish scenario
A breakout of the 13 ema at 0.35 area could lead to resistance at 0.367 consolidating of the upper limit of the channel with a horizontal line
If we go back to 0.36, PYTH will create a pattern of W with a technical target of 0.41
Bearish scenario
Support for 0.31
Next support at 0.288
PYTH/USDT PYTH its forming a bulflag,bouncing on 786, RSI 1h,4h,12h and D at the botom,waiting for the trend breake out, when its breaks ride the train: TP1,TP2, TP3 and TP4, manege your risk managment.
PYTH long idea$PYTH has yummy opportunities to build a long position. Lets look at it.
There is a range which I follow 1h & 4h LTF time zone. I couldnt catch it from 0.3715 which I alarmed it.
I am now building a long position setup from range-low to range-mid zone.
pyth boom this may result in receiving fewer LP tokens than expected. Additionally, the final quantity of LP tokens received depends on
$PYTH LongWe are at the bottom.
Here I Expect a bounce to the top of the channel.
Good Project 1$+ is not a dream.
PYTH long - swing tradeGot into a PYTH long. The current trading range is pretty clean and so is our invalidation.
From a general perspective expecting us to get to a minimum of 1$.
Using the FIB for price discovery as Bybit does not have more pa. (unfortunately).
This is a longer term trade from my perspective so let's see how it plays out.
Entry 0.4220$
TP 1$
SL 0.3340$
Will leave this trade play out and come back to it if we get anything interesting in the coming weeks.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
PYTHUSDT A MONSTER IS COMING One OF THE BEST COMING ALTS INVEST1-Apply your own risk management.
2-Daily and Weekly Targets
3-Hunt the profits at any level you see convenient for you.
4-Raise Your SL any time the price moves up or down to protect your profits
5-Use 20% Spot
6-Use 15% LEV 4
For Spot you can sell you home and invest in #PYTH, I can Guarantee X3
break downline could be good bullish sign for another "climb"break downline could be good bullish sign for another "climb"
PYTH Cup and HandleIf PA rejected here at the VAH, then I'm looking for a possible pull back to the POC of the range to form wave 2, following the corrective wave. If desired reaction is seen, this could make a ogood long opp.
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
Comment if you have any questions
Thank You
📊#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
Follow for more market update and trade setup
PYTH - Failed to break resistanceBINANCE:PYTHUSDT.P could not break the resistance because BTC started its downward decline.
I think this resistance will be easily broken when BTC starts to rise.
PYTHUSDT LongPrice seems to be holding steady at $0.38, testing it a few times making it a strong support. There's a bullish engulfing candle after two doji cross candles, signalling price reversal. The MACD is also about to cross which will be the confirmation to enter a long position.
PYTHUSDT.P is technically looking good.👍👍👍👍👍 Buy buy buy..PYTHUSDT.P is technically looking good.👍👍👍👍👍 Buy buy buy..
Entry Price - 0.4001-0.4002..
Falling Wedge (Pyth Network): Target Price $0.55This looks to me a lot like a falling wedge, which is a bullish pattern. Being as how they retrace to the beginning, it's potential target price would be .55 cents.
Pyth respecting fib extensionsLike some other newer to CEX tokens, PYTH seems to be respecting fib extensions. These are pretty hard to chart since they are so new. The chart history is small and the token did launch at a rather large market cap. Volume has dropped harshly as well as RSI, cool offs are good for consolidation. The token did break the multi day downward trend dawn with the red line.
Since I believe we are entering a bull market, this wont matter, but the fully-diluted valuation is obnoxious (5.2billion$). So if all tokens were released the network would be valued at 3 billion less than chainlink's link token. Im going to go out on a limb and say this is overhyped value wise, but you cant use traditional valuation techniques to value crypto especially during upward momentum. This solana based token will likely climb upward with how positive the sentiment is around it. The oracle solution serves many blockchains including arbitrum(one of my favorite), optimism, bnb and more. I am bullish on this token short and medium term for that reason. I think we see another shot at .5 in the coming days, .47 is my official first target.
Pyth - Next Leg Up Incoming!PYTHUSDT is showing signs of rejection at the fibonacci levels of the previous leg on the 1H timeframe which could mean that the pullback may be coming to an end.
I'm buying PYTH around that levels, but will add more after the descending trendline breakout.
