After completing a 5-wave impulse to the downside, PYTH has shown signs of a trend reversal. The first upward impulse displayed a clear 5-wave Elliott structure, breaking out of the descending channel — a strong bullish signal.
Following this, a classic A-B-C zig-zag correction occurred, which acted as a retest of the broken channel resistance, now turned support. This confluence increases the probability of a bullish continuation.
With market structure aligning and correction likely complete, PYTH is showing potential for a 50%+ move to the upside.
🟢 Entry Zone: 0.1400 – 0.1500
🔴 Stop Loss: 0.1272 (Below wave C & structural support)
🎯 Target Price: 0.2235
💡 Note: Always manage your risk and confirm with your own analysis before entering any trade.
Following this, a classic A-B-C zig-zag correction occurred, which acted as a retest of the broken channel resistance, now turned support. This confluence increases the probability of a bullish continuation.
With market structure aligning and correction likely complete, PYTH is showing potential for a 50%+ move to the upside.
🟢 Entry Zone: 0.1400 – 0.1500
🔴 Stop Loss: 0.1272 (Below wave C & structural support)
🎯 Target Price: 0.2235
💡 Note: Always manage your risk and confirm with your own analysis before entering any trade.
İşlem kapandı: durdurma seviyesi
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.