PENDLE Daily - Bullish CHART PATTERN PENDLE has formed a W-Bottom Chart Pattern in the Daily timeframe, which could signal more upside is coming.
We're also observing very distinctive higher lows and higher highs; a key sign of a bullish market.
The W-Bottom pattern hasn't quite finished playing out, what we now need to see is a successful retest of support at the "neckline" which is currently at $4. What this means in simpler terms, is that the price cannot CLOSE below this, otherwise the pattern is invalidated.
We're also observing a BUY signal in the weekly timeframe; a strong indication that bulls are in control for the near future:
If the pattern holds, the price is likely heading towards the previous local high of $4.7
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BINANCE:PENDLEUSDT
PENDLEUSDT trade ideas
PENDLE target 74h time frame
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Entry: $3.7
TP: $7
SL: $3.03
RR: 4.93
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(1) Completed first wave; Doing second wave; Ready for third wave (Refer to following link)
(2) Big bottom head and shoulders pattern is creating
(3) Got support twice at fib projection 0.618, but be careful the possibility to reach 0.5
(4) Target for fib projection is $7
(5) Stop loss once going below $3.03
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Previous Analysis-PENDLE reached target
$PENDLE Slow but sure moves above until explosion? #PENDLE
The developments on SEED_DONKEYDAN_MARKET_CAP:PENDLE have been fantastic. And for the weekend I provide my followers 2 scenarios should be stave above invalidation.
Orange: We're in a wave 4 - like most coins I've posted on today - and moving onto a 5 with a top around $5.
White: It's a nested 1-2 move that will have some explosive price action starting next week around Thursday.
PENDLE LONG AND SJORT TRADE IDEAS.PENDLE/USDT has very clean chart on 4h time frame. I have marked demand zone and smaller supply zone area on the chart as well. I am expecting price to go up from here to grab liquidity from supply zone then came down to the demand zone where i will plan long position.
PENDLEUSDT - Possible AccumulationPENDLEUSDT appears to be in a potential accumulation phase. Recently, we observed a spring characterized by a sharp downward move followed by a quick recovery on high volume and a low volume test.
Price has reached a key resistance level. For the bullish scenario to unfold, we need to see the price overcome this resistance with conviction. A breakout above this level on increasing volume would be a strong indication of buyer strength and could signal the end of the accumulation phase.
wyckoffanalytics.com
#PENDLEUSDT #1D (Bybit) Broadening wedge breakout and retestPENDLE regained 50MA daily support then pulled back to it twice, forming a hammer.
Looks good for bullish continuation towards 200MA resistance, buckle up!
⚡️⚡️ #PENDLE/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (4.0X)
Amount: 5.1%
Current Price:
3.5533
Entry Targets:
1) 3.2645
Take-Profit Targets:
1) 4.2309
Stop Targets:
1) 2.9419
Published By: @Zblaba
SEED_DONKEYDAN_MARKET_CAP:PENDLE BYBIT:PENDLEUSDT.P #DeFi pendle.fi
Risk/Reward= 1:3.0
Expected Profit= +118.4%
Possible Loss= -39.5%
Estimated Gaintime= 1 month
PENDLE long trade idea H1/M15PENDLE has flipped the H1 SR with ramen confluence. If candle closes on the hourly above resistance could be a trade to wait for retrace back into the noodle and get long targeting daily resistance level (ext. liq). Invalidation is losing the noodle to close below. Also mindful of BTC movements as trade will be effected by BTC pa. Monitoring BTC M5 if taking trade.
*A retrace is essential for adequate risk:reward
PENDLE Long Position (Trend Line Breakout)Market Context: PENDLE is breaking out of a significant trend line resistance, setting up for a potential move to new local highs. Additionally, there is a strong narrative surrounding PENDLE with BTC restaking, further fueling bullish sentiment.
Trade Setup:
Entry: Enter a long trade around $3.3 (throwback to broken resistance).
Take Profit:
First target: $4
Second target: $4.6
Stop Loss: Below $2.5
📊 This setup looks promising, focusing on the breakout potential and strong fundamental backing. #PENDLE #Breakout #Crypto
PENDLE target 4.66(short-term)4h time frame
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Entry: $2.7
TP: $4.66
SL: $2.15
RR: 3.56
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(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
PENDLE Long Position (Descending Wedge Formation)Market Context: PENDLE is forming a descending wedge, presenting a strong opportunity to dollar-cost average (DCA) into a spot long position. The setup focuses on key resistance and support levels.
Trade Setup:
Entry: Long trade around $2.50 to $3.00.
Take Profit:
First target: $3.80
Second target: $4.60
Third target: $5.50
Stop Loss: Close below $2.40.
📊 This trade leverages the potential breakout of the descending wedge, with DCA allowing for better risk management and positioning. #PENDLE #CryptoTrading #WedgeFormation
Strategic Buy Setup for Pendle (PENDLE) CryptoDescription:
Unlock the potential of Pendle (PENDLE) with this detailed guide focused on fundamental analysis to help you make informed buy decisions on TradingView. Whether you're a seasoned trader or new to the crypto market, understanding the key factors driving Pendle can give you an edge.
Fundamentals Overview:
DeFi Integration: Pendle is at the forefront of decentralized finance (DeFi), enabling users to trade and hedge future yield. Its innovative approach to tokenized yield positions makes it a unique asset in the DeFi ecosystem.
Market Adoption: The success of Pendle is closely tied to the adoption of DeFi protocols and the overall growth of the DeFi market. Watch for partnerships, platform upgrades, and integration with other DeFi projects, which can drive demand and increase the value of PENDLE.
Tokenomics: The supply dynamics of Pendle, including its issuance rate, staking rewards, and burn mechanisms, play a crucial role in its price movement. Understanding these factors can provide insight into potential price appreciation.
Regulatory Environment: Keep an eye on global regulatory developments that may impact the broader crypto market. Changes in regulation can significantly influence investor sentiment and liquidity in the Pendle market.
Disclaimer:
Trading cryptocurrencies like Pendle (PENDLE) carries a high level of risk and may not be suitable for all investors. Cryptocurrency markets are highly volatile, and prices can fluctuate widely in a short period. Before making any trading decisions, ensure you have fully understood the risks involved and are comfortable with the potential for loss. It is recommended to consult with a financial advisor and conduct thorough research. Past performance is not indicative of future results, and you should only invest what you are willing to lose.
PENDLEUSDT is on critical Levels to Watch!Yello, Paradisers! Are you ready to uncover the potential major moves in #PENDLEUSDT? Let's break it down!
💎#PENDLE has successfully reclaimed the demand area, signaling good momentum. We anticipate a test at the 2.318 demand level, which could trigger a rebound and continue the upward movement. If this scenario plays out, we could see a significant rise in price as it tests the strong resistance area.
💎However, if PENDLE fails to rebound and breaks below the demand area again, it may drop to the strong demand zone around 1.58. This area could attract large orders, sparking a strong bullish reversal and a subsequent breakout above resistance. But beware, if PENDLE hits this strong demand and remains sideways, it could be a bad sign.
💎Bullish invalidation occurs if PENDLE breaks key support and closes daily below strong demand. In this case, the price is likely to head further downward and dip.
Discipline and patience are crucial in navigating these potential market shifts.
MyCryptoParadise
iFeel the success🌴