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.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.