4h time frame - Entry: $2.7 TP: $4.66 SL: $2.15 RR: 3.56 - (1) Potential bullish flag on 4h (2) Got support around Fib 0.382, high possibility reach 1.618 if stop falling here (3) Fib 1.618 is also overlapped with structural resistance at $4.66 (4) Stop loss once going below $2.1
12h time frame - TP: $8.97 SL: $4.49 RR: 8.76 - (1) Convergence pattern is be building. *two potential support lines (2) 0.382 fibonacci projection at $3.8 (3) Target matches fibonacci projection_0.382 & fibonacci extension_2.618 (4) Stop loss while triangle bottom got breaking down
PENDLE ~ 3D #PENDLE Buy after successfully breaking the Resistance Line on this pattern or buy on retest of $3.85 support. Minimum target 20%+
Pendle (PENDLEUSD) is on a short-term pull-back after the 1D RSI got overbought above 70.00. This is consistent with all previous times the RSI got that overbought but against common sentiment, which would suggest exhaustion of the bullish trend, that was a signal to buy halfway through the Bullish Leg. As you can see on the two Legs before, that signal emerged...