Pyth Network Classic Action Pattern (400%+ BU-Pot)

2 juil.

Hello my fellow Cryptocurrency traders, we continue with the same theme of simplicity... Later down the road we will add indicators and more data to the chart but to start, simple is best.

We are looking at Pyth Network vs Tether (PYTHUSDT), and we can spot some classic patterns.

➖ Notice how a major correction follows a major bullish wave.
➖ Notice how this correction reached its end producing a higher low.
➖ Notice that the correction low reached similar prices to January 2024.

PYTH peaked together with Bitcoin and the rest of the market but, if we look at Bitcoin it is not trading near its January 2024 price. When we look at many of the altcoins, they are all trading very low compared to recent history or long-ago; while Bitcoin is still high up.

👉 Those high up, we are staying away.
👉 Those that already produced a strong correction are likely to recover because sellers are exhausted... If there is another drop after buying, just think long-term.

➖ Notice the really high buy volume 20-May. This can be an early reversal signal.

Ok... That's all for today.

I am hoping that you enjoy the content and that reading my words will eventually lead to growth, profits and success. The more you read the more you grow, the more you grow, the more you earn.

Thank you for always coming back.
I am happy to count with your amazing support.

Namaste.