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Future Outlook for #PYTHUSDT Cryptocurrency on the Four-Hour Timeframe
✨ Imminent Breakout ⚡️
Technical Overview:
Forming an ascending diagonal pattern, indicated by wave (1)/(A). 📈
A corrective downward zigzag wave, representing wave (2)/(B). 🔽
The correction has significantly retraced compared to the previous impulsive wave. 📉
Expectations:
Small upward impulsive waves forming in the short term to complete wave 1, paving the way for wave (3)/(C).
The strong wave 3 is expected to propel wave (C)/(3), leading to a breakout above the price channel and forming a new high. 🚀
The development of a bullish price movement from this area is crucial to maintaining the uptrend. 🔝
The optimal target for the bullish wave, if this scenario materializes, is 0.647. 🎯
⚠️ Breaking below 0.531 will pose a threat to the uptrend and could completely invalidate it. #PYTH