PYR / TetherUS

PYRUSDT: What next after the massive breakout?

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PYRUSDT displays a robust structure resembling a harmonic pattern AB=CD. The price witnessed substantial accumulation following the completion of leg D. After approximately 115 days of accumulation within a potential box-like pattern, a surprising breakout occurred, testing the supply levels towards the leg B of the pattern.

However, the resistance encountered within this supply area has hindered further upward movement, leading to a pullback towards the box neckline area. As the price descends, there's a notable weak support zone identified. Despite its label, this level holds significance and might propel the price upwards. Anticipation leans towards a pullback in an ABC pattern.

The immediate demand zone highlighted on the chart presents a robust area for potential buy opportunities. The outlined targets align with the supply zone illustrated on the chart.

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