PYTH Next Move: Grab the Bull by the Horns! 🚀 PYTH Coin: Short Fundamentals, Recent News, and Disclaimer
Fundamentals:
Limited information available: Just like with SAVM, finding comprehensive details about PYTH can be challenging due to the sheer number of cryptocurrencies.
Further research required: Without more specifics on PYTH, it's impossible to determine its purpose, functionality, or underlying technology.
Recent News:
Unable to locate relevant news: There isn't enough information to identify specific news sources related to PYTH.
Disclaimer:
Proceed with caution: Given the limited information available, investing in PYTH could be risky.
Conduct thorough research: Always perform in-depth research on any cryptocurrency before investing, regardless of its popularity. Look for well-established projects with clear goals and development teams.
Additional Notes:
Consider established coins: If you're new to cryptocurrency investing, it might be better to start with more prominent coins with a longer track record.
Beware of scams: Unfortunately, cryptocurrency attracts scams. Be wary of unsolicited investment opportunities or projects with overly ambitious promises.
Recommendations:
If you're interested in learning more about PYTH, try searching for it on reputable cryptocurrency websites or forums.
Before investing, look for a whitepaper or project roadmap that explains PYTH's purpose and functionality.
Consider investing in more established cryptocurrencies with a proven track record if you're new to the market.
Disclaimer:
This information is for educational purposes only and should not be considered financial advice.
Cryptocurrency investments are highly volatile and carry significant risks.
Do your own research before making any investment decisions
PYTHUSDT.PS trade ideas
Pyth (PYTH) Poised to Surpass Chainlink (LINK) ATHIn the race for oracle supremacy, Pyth (PYTH) emerges as a formidable challenger to Chainlink (LINK), with the potential to surpass LINK's all-time high (ATH) of $49. Let's crunch the numbers to see why PYTH is set to shine.
Firstly, let's consider the supply dynamics. While Chainlink has a fixed maximum supply of 1,000,000,000 LINK tokens, Pyth boasts a total supply of 9,999,989,217 PYTH tokens. This vast difference in total supply can significantly impact price dynamics and market capitalization calculations.
At its ATH of $49, Chainlink reached a market capitalization of approximately $49 billion (1,000,000,000 LINK * $49). However, with Pyth's larger total supply, even if it were to achieve the same market capitalization, each PYTH token would only need to reach approximately $4.90 to match LINK's ATH market cap (9,999,989,217 PYTH * $4.90).
Considering Pyth's compelling features, including its robust data sources, real-time updates, and proven resilience during market turmoil, it's evident that PYTH has the potential to not only match but surpass Chainlink's ATH valuation. As the demand for high-fidelity financial data in DeFi continues to soar, PYTH's accessibility and accuracy position it as the frontrunner in the oracle race, making $5 seem like just the beginning of its ascent.
Disclaimer: This analysis provides informational insights based on publicly available data. It does not constitute financial advice. Traders should conduct their own research, assess risk tolerance, and seek guidance from financial professionals before making any investment decisions.
Pyth next $1 coming !Pyth currently trading inside the 4h FVG.
●Pyth should hold the 4h FVG for further pump.
●Upsdie target remain $1.
●Losing 4h FVG might turn Pyth bearish for short term, but for long term Pyth is Bullish.
●Remember to buy every dip because we are in a bull market, if you don't buy you will regret.
PYTH - new ATH, can this coin 20x in 2024?Technical analysis
PYTH looks absolutely strong! This coin is listed on all major exchanges and is pretty easy to buy. Why do I think this coin is bullish? We can see that the price is going up after the listing on exchanges, which is a strong sign of interest. It will hit a new all-time high pretty soon, and after that, it can skyrocket. The accumulation phase should be completed, and we are ready for price discovery in 2024. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
About Pyth Network
The Pyth Network is the largest and fastest-growing first-party oracle network. Pyth delivers real-time market data to financial dApps across 40+ blockchains and provides 380+ low-latency price feeds across cryptocurrencies, equities, ETFs, FX pairs, and commodities.
The network comprises some of the world's largest exchanges, market makers, and financial services providers who contribute their own price data for use by smart contracts. Participants in the network include Binance, OKX, Jane Street, Bybit, Cboe Global Markets and more. The Pyth oracle program aggregates their data on-chain to guard against inaccuracies and manipulation. Finally, the protocol allows users to "pull" the latest price onto their blockchain when needed.
In less than a year since the launch of the cross-chain pull oracle, the network has secured over SEED_TVCODER77_ETHBTCDATA:1B in total value. The Pyth Network has been used by over 250 applications to secure $100B in trading volume. Integration with Pyth Price Feeds is permissionless. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
PYTH buy setupOn the PYTH chart, we have a iCH, we have a bullish view on this symbol to supply.We also have a good support area on the chart
The Demand range is the right place to enter a Buy/Long position.
Closing a 4H candle below the invalidation level will invalidate our view and invalidate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
PYTH Breaks Barriers , but Could Be Rejected By Resistance SoonOKX:PYTHUSDT went ballistic over the past 24 hours and was able to break through multiple resistance levels. As a result, it is now attempting to flip the resistance level at $0.7934 into support.
Technical indicators show that PYTH is deep within a short-term bullish cycle. Looking at the Exponential Moving Averages (EMA), the 9 EMA crossed above the 20 EMA, indicating a positive trend. This crossover suggests increasing buying pressure and potential upward momentum for the pair. However, it's essential to consider other indicators to validate this bullish sentiment.
The Moving Average Convergence Divergence (MACD) further supports the bullish outlook, with the MACD line consistently staying above the signal line. The histogram, representing the difference between the MACD and signal line, has been consistently positive, indicating strengthening bullish momentum.
On the other hand, the Relative Strength Index (RSI) recently reached overbought territory at 87.04, indicating potential overvaluation. This may be an early sign of a correction as downside potential for the Pyth Network price is currently greater than its upside potential, which is generally seen as a sell signal by traders.
Analyzing the support and resistance levels, we identify crucial thresholds for potential price movements. The support levels are observed at $0.6850, $0.6318, and $0.5782. These levels may act as barriers against further downward movements, providing opportunities for potential buying interest.
Considering potential entry and exit points for traders, long positions could be initiated if the the Pyth Network price remains above the 20-day EMA and closes a 4-hour candle above the resistance at $0.7934. In contrast, short positions could be considered if the price falls below the 9-day EMA and breaches support at $0.6850, with caution exercised around the support levels mentioned.
PYTH buy/long setupFirst of all, note that this is not a sell/short setup, but a buy/long setup.
If the price reaches the green range, we will enter the buy/long position.
Closing a 4-hour candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Harsi Gap explained from my PKPA indicatorIn this brief video I will explain how I look for what is called a HARSI GAP. It is when the Heikin Ashi RSI lines all converge into oversold or overbought territory. It will create an imbalnce for the RSI lines to come back to the mean and have price go through a rebalnce period.
PYTH/USDT A Bullish Trajectory in Sight?👀🚀PYTH Today Analysis💎 Paradisers, prepare for an attractive trading opportunity with #PYTHUSDT, as it's showing potential for a bullish continuation following a retest of its demand zone.
💎 Examining #PYTHNETWORK past performance, we've observed its consistent movement within a descending channel. Interestingly, it has also formed a cup and handle trajectory. Currently, it has broken above the handle, increasing the likelihood of a bullish move from the retest of the demand level at $0.35044. If the momentum is sustained, our target is set above the major supply zone at $0.55717.
💎 Nonetheless, in the ever-changing world of trading, having an alternate strategy is key. Should our initial analysis not come to fruition, we're ready to pivot to a potential bullish rebound from a lower support level at $0.30686. Keep in mind, however, that breaking below this level could lead to a considerable bearish descent.
PYTH - Taking some Profits Today (Buy other ALTS)0.66 target Hit and 0.89 is resistance so..time to take profits here, at least partially (selling 80% of my spot).
🌟 Bitcoin's Breakout Surge: Professor's Big Charts Revealed 🌟
📈 Live Analysis Incoming!
Prepare for an in-depth journey through Bitcoin's latest surge as we go live on TradingView. Get ready for a session packed with insights and the unveiling of the Professor's big chart. Join us: Live Stream: www.tradingview.com
🚀 The Breakout Chart Breakdown
Witness the bullish momentum as Bitcoin smashes past the $47,650 barrier. With my analysis, we're looking at a bull run targeting $59.9K,
69K
, and the ambitious $79K. 🎯 Stay bullish and watch as the charts unfold the story live!
💹 Historic Patterns: A Roadmap to $79K
Reflect on the last breakout at $31,100 and its staggering rise to $46,000. Our charts have been the compass leading us to these profitable winds. Don't miss out as we dissect the potential climb to $79K, live!
🔍 Last Year's Chart: The Trendline Triumph
Cast your minds back to January 2023, when Bitcoin was a humble $18,000. Fast forward, and we're witnessing a breakout reminiscent of December 2020's rally from $7,500 to $24,000. Could we be on the cusp of reaching new all-time highs? Let's explore together.
⏱️ Halving Cycles: This Time It's Different
Every cycle writes its own story, and this one's no exception. We're approaching the halving with a market more aware and ready to advance. Tune in as we analyze why we might see an all-time high sooner than the previous cycles.
🌐 Join the Live Stream for the Full Picture
There's much more to cover, from halving cycles to breakout patterns. Ensure you're part of the live session for a comprehensive analysis that could redefine your trading strategy.
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One Love,
The FXPROFESSOR 💙