PYTH inteligentassetbullish scenario
resistances 0.29, 0.323 in
200 EMA &
upper limit channel &
trend line, 0.383
bearish scenario
supports 0.275 in 50 ema
, 0.265 lower limit of bands around 50 ema,
0.23
PYTHUSDT trade ideas
PYTH Waiting for a triggerPYTH Is retesting again the bearish trendline. I am waiting for a good break and retest of it to trigger my long position.
$PYTH looks great for a long term spot buyThe Pyth Network is a decentralized oracle protocol that is transforming the way financial market data is accessed and utilized in blockchain environments.
$PYTH is a long term buy for me at 0.27 and below zone. I'm accumulating dips below to $0.27.
Here are some key highlights about the Pyth Network:
Decentralized Oracle for Financial Data: Pyth Network specializes in aggregating and publishing high-quality financial market data on blockchains, making it reliably accessible for on-chain applications. This includes data like stock prices, currency exchange rates, and commodity prices, which are crucial for financial applications.
First-Party Data from Major Institutions: The network brings first-party data from major financial institutions, such as exchanges, market makers, and trading firms, directly to the blockchain. This approach ensures that the data is accurate, low-latency, and high-resolution, providing a trustworthy source for various applications.
Wide Ecosystem Reach: Pyth Network supports over 400 data feeds, which are trusted by more than 250 applications, including decentralized exchanges (DEXs), lending protocols, and derivatives platforms. It's actively integrated across 45+ blockchains, ensuring universal access to its price feeds regardless of the underlying blockchain technology.
Innovative Data Staking and Reward Distribution: Pyth uses mechanisms like data staking and reward distribution to align incentives between different participants, such as publishers, consumers, and delegators. Data staking allows consumers to hedge against inaccurate data, while reward distribution preferentially rewards publishers providing more accurate and predictive price feeds.
Robust Against Attacks and Manipulation: The network is designed to be resilient against various attacks, such as price manipulation and reward exploitation. Its aggregated price feeds use a weighted median algorithm to limit the influence of any individual publisher, protecting the feeds against deliberate manipulation attempts.
Enabling Complex Financial Applications: The Pyth Network’s precision and reliability in delivering real-time market data are vital for DeFi applications, especially in times of market volatility. Its ability to provide high-quality data feeds makes it an essential component for a wide range of financial services on the blockchain.
PYTH Token for Network Coordination: The PYTH token plays a crucial role in coordinating the activities of various network participants through crypto-economic incentives. It aligns the interests of different stakeholders, such as publishers, consumers, and delegators, within the network.
Continuous Innovation and Community Involvement: Pyth is committed to ongoing innovation and community-driven development, aiming to be a core DeFi primitive and to expand into providing new types of data and governance decentralization.
The Pyth Network exemplifies how blockchain technology can democratize access to critical financial data, paving the way towards a more open, transparent, and fair financial system. Its focus on providing accurate and timely data is key to enabling efficient and sophisticated financial applications in the decentralized space.
Put PYTH on your watchlistThis coin never see a bull run. Yet, it has huge potential. Look for a turn point and enter a small amount first
Pyth going for $1??These horizontal lines will act as support and resistance
●Pyth has a bright future..it's a Gem.
●Best level to accumulate Pyth is at 50% line and at 25% line...Accumulate some Pyth at current market price.
●Soon Pyth will run high.
●Soon you'll buy Pyth at high price if you ignore it now
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
Comment if you have any questions
Thank You
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
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