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PYR.X Crypto Tickeron detected bullish Crypto Pattern: Cup-and-Handle on October 24, 2024

A.I.dvisor
at Tickeron.com
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Cup-and-Handle
PYR.X - Vulcan Forged (PYR) cryptocurrency
Tickeron
Emerged: 10/24/24
Breakout: $2.77
Price: $2.57
Target price: $3.02
A.I.dvisor detected a bullish Cup-and-Handle pattern for PYR.X stock. This pattern was detected on October 24, 2024 . The odds of reaching the target price are 6. The Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”-like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle. Consider buying a security or call option at the upward breakout price/entry point. The confirmation move is when the security moves past the breakout price above the right cup lip.

PYR.X in +10.65% Uptrend, rising for three consecutive days on November 16, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where PYR.X advanced for three days, in of 181 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on PYR.X as a result. In of 50 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for PYR.X just turned positive on November 07, 2024. Looking at past instances where PYR.X's MACD turned positive, the stock continued to rise in of 27 cases over the following month. The odds of a continued upward trend are .

PYR.X moved above its 50-day moving average on November 09, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for PYR.X crossed bullishly above the 50-day moving average on November 13, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for PYR.X moved out of overbought territory on November 12, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 25 similar instances where the indicator moved out of overbought territory. In of the 25 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 38 cases where PYR.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PYR.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

PYR.X broke above its upper Bollinger Band on November 10, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for PYR.X entered a downward trend on November 01, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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PYR.X
Daily Signalchanged days ago
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