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PYR / TetherUS

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PYRUSDT trade ideas

✴️ PYRUSDT | Vulcan Forged (Name Your Altcoin #5 ✅)Vulcan's volume has always been strong, meaning that this is a well traded/sought out project. This is also one of the "strong ones". PYRUSDT technically hit the same low in December as in June 2022. In fact, while it wicked lower by a few cents, the candle close was higher and thus a signal of strength. The RSI is very strong above 50 on the weekly timeframe, we are looking mainly at the log chart but see how the linear one looks below: In 2024 we can revisit the highs of late 2021. If this does not happen in 2024 then 2025 for sure... Based on the 2 years market cycle we normally experience. 2 years bullish, 2 years bearish. The growth we see now is only the bottom recovery process, this can be followed by first a retrace, another bullish wave and then long-term consolidation. The Bitcoin halving happens in 2024 and right after this event, the market resumes fast growth. It will take a while but in late 2024 for some altcoins and 2025 most of the cryptocurrency market we will experience the next bull-run. 2023 is just getting started but we only gain by being prepared and aware beforehand as to what the future holds. Thanks a lot for your continued support. Namaste.
Long
by AlanSantana
4
[UPDATE PYR] Nothing changed. What if?As I mentioned before, we could be currently in stage 2 of this inflationary bear market. This means that inflation peaked in September and we can expect to see lower inflation for a few months, followed by a recession. This will likely lead to more bear market rallies until the Federal Reserve intervenes again and introduces more money into the market, leading to another market crash in mid-2023 (stage 3). This will cause inflation to skyrocket again, leading to a depression phase (stage 4). If I were to visualize these phases in a chart and use PYR as a reference, it would look like this. THIS IS A STAGE 2 SCENARIO.
by Homocryptus
1