Trading right at 0.0749, $PYTH just printed a 4H bullish engulfing candle on 1.7x average volume. ⚡
Weekly holds higher highs/higher lows (swing 0.03763, support 0.05276 on 2 tests, resistance 0.1062 on 3 tests). Daily and 4H are ranges with no clear trend; 4H structure just broke down (support 0.05672 on 6 tests, resistance 0.07798 on 6 tests; daily support 0.05862 on 4 tests).
If the daily closes below 0.05719, next zone is 0.0555.
Reclaiming or dropping?
NFA
#PYTH #PriceAction #CryptoAnalysis
Weekly holds higher highs/higher lows (swing 0.03763, support 0.05276 on 2 tests, resistance 0.1062 on 3 tests). Daily and 4H are ranges with no clear trend; 4H structure just broke down (support 0.05672 on 6 tests, resistance 0.07798 on 6 tests; daily support 0.05862 on 4 tests).
If the daily closes below 0.05719, next zone is 0.0555.
Reclaiming or dropping?
NFA
#PYTH #PriceAction #CryptoAnalysis