PYTH medium term is bearish

13 авг.

By examining the chart data, we found that PYTH has completed a large degree pattern. This pattern is related to wave A. This pattern has lasted for about 250 days.

It is expected that wave B is also a pattern of the same degree as wave A. It means about 200-250 days.

The supply range is the best range for sell/short positions.

Note that in order to take a position, one must have a trading setup and this is only a medium-term view for PYTH.

Closing a daily candle above 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