PYTH's price has formed a falling wedge pattern 📉. This is a bullish reversal pattern, indicating that the long-term downtrend may be coming to an end 🚀. The pattern is formed by a series of lower highs and lower lows that are converging, showing a decrease in selling pressure 🐻. The chart shows a recent breakout above the upper trendline 💥, which is a strong bullish signal. Additionally, there is a bullish divergence on the RSI, as the price made a new low, but the RSI made a higher low 📈, confirming the weakening bearish momentum. The chart projects a potential move to the take-profit (TP) target around $0.25 🎯, with the breakout suggesting a new uptrend.
OTHERS is trading within a rising channel 📈. The recent price action shows that the price was rejected from the upper trendline, which is also a significant resistance level, and is now moving down ⬇️. The RSI also shows a bearish divergence, as it failed to make a new high along with the price 🐻. The price has now fallen below the 0.618 Fibonacci retracement level, a key support area, and is moving toward the lower trendline of the channel 😬. The chart suggests that the price may find support around the $245 billion area, which aligns with the lower trendline and the 0.786 Fibonacci retracement level. A bounce from this level could signal a continuation of the uptrend 🚀, while a break below it could lead to a significant price drop ⚠️.
ENTRY PRICE :0.1479 TP 1 : 0.1791
TP 2: 0.2834 SL : 0.1269 For more details, click on my profile and check my BIO . This signal is for spot trading only. If you're interested in future signals, join my Binance Live . Simply click on my profile to join!
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