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PENDLEUSDT trade ideas

Navigating Market Waves: Bitcoin & PENDLE Analysis📅 Let's dive into today's analysis. The market has formed a small structure, giving us better triggers for taking positions. The coin I want to analyze today is PENDLE, but first, let's look at Bitcoin. 👑 Bitcoin Analysis 🔍 We're analyzing Bitcoin on the 1-hour timeframe, as usual. The conditions haven't changed much from yesterday. The price has made a deep pullback to the broken descending channel. The current short position trigger is 61,273, which, if broken with good volume, can introduce significant bearish momentum into the market. 📊 The volume has decreased during the correction, which is natural and indicates the strength of the bearish trend, suggesting convergence. 📉 For short positions, as mentioned, 61,273 is a suitable trigger. If you miss this trigger, you can use Dow Theory to take a position or wait for the support break at 59,323. 📈 I still do not recommend any long triggers as it doesn't make sense to open long positions with the market having such strong bearish momentum. ✉️ PENDLE Analysis 🔍 Let's move on to PENDLE. This is the first time I'm analyzing this coin on the channel, so I'll explain the project as well. The PENDLE project is a blockchain-based platform within the DeFi space that offers users LP-Tokens with high APRs. These LP-Tokens have expiration dates, and if they are not withdrawn before their expiration, the invested funds are completely lost. This is why the APRs are high, as there is more risk involved. 💎 On the daily timeframe, as you can see, there's a good, clean uptrend that, after reaching the resistance at 7.033, started to correct down to the golden Fibonacci zone of 0.5 to 0.618. It then moved back up to the 7.033 peak, forming an ascending triangle supported by a trendline. Additionally, the SMA 99 is also providing strong support to the price. Since we are both on the trendline and the SMA 99 has reached the price, the likelihood of support from these levels is high, depending on Bitcoin's trend and future developments. 📊 The volume of this coin has started to decrease after reaching the 7.033 resistance, which is natural. However, for a new uptrend to start, the buying volume needs to increase at least to the previous levels. 🛒 For spot purchases, you can buy after breaking the 7.033 resistance, which is the ATH resistance for this coin. I believe risking no more than 0.5-1% on this coin is logical, but considering the potential hype around the project, this risk is reasonable. Personally, I plan to hold a small amount of this coin in my spot portfolio after breaking this resistance. 🎯 The target for this coin in the first stage is the $12 range, and for a bull run or a major move, it could be $23. I suggest waiting for the $23 target as it depends on the project's success and if it becomes as large, popular, and reliable as Uniswap or Pancakeswap. 📉 For futures positions, it's better to move to the 4-hour timeframe to see the triggers more clearly. The long trigger in futures can be 6.21, which is close to the ATH and should be quickly locked in as profit due to the strong supply zone. The 55.92 trigger in RSI can confirm our long position. 📈 For short positions, after breaking the trendline, the 4.841 trigger is suitable. The target can be the daily golden Fibonacci zone, and its confirmation can be the break of 35.76 in RSI. 📝 Conclusion In conclusion, the market has shown a significant bearish movement, especially in Bitcoin, leading to cautious market sentiment. For Bitcoin, short positions remain more favorable due to the strong bearish momentum, with 61,273 as a key trigger. For PENDLE, 8.871 is a crucial short trigger, while long positions should be taken with caution, waiting for a more defined structure and stronger buying signals. Always manage risk and wait for clear triggers before entering positions. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Long
by itsparham96
2
PENDLE D TC Broadening wedges everywhere! Weekly HL setBroadening wedges everywhere across the crypto sector. . on 4h Timeframes on the 5 m timeframe etc. . Its a very common way the markets aggregate after huge volatility. seeking out stops, buy and sellside liquidity and maybe acceptance on either side of the horizontal levels. see how to trade these in my threads.. BW are almost as common as EQ´s- symetrical triangles . The longer they go on for eventually they will break in one direction. See PENDLE here testing BW upper trendline atm.
by ChartmanChris
Alikze »» Pendle | Pullback to broken structure🌐 About Pendle currency: Pendle is indeed a cutting-edge protocol in the DeFi space, designed to allow users to tokenize and trade potential future earnings from their investments. By introducing an innovative Automated Market Maker (AMM) that accommodates assets experiencing time decay, Pendle offers a unique solution that grants users enhanced control over their future yield. 🔍 Technical analysis: It is moving in an ascending channel in the daily and 12H time frames. 💎 After meeting with the trigger and the bottom of the ascending channel, it encountered demand, which continued up to the major ceiling. 💎 Currently, it has faced selling pressure at its major ceiling and midline of the channel, which it has not been able to overcome. 💎 Therefore, due to the fact that a correction structure has been formed, it is expected that with the continuation of the correction to the bottom of the channel and the range of the green box, there will be a pullback to the broken structure. 💎 Alternative scenario: if the supply zone is broken and placed above the midline of the channel, it can experience the continuation of the upward trend up to the ceiling of the channel. »»»«««»»»«««»»»««« Total supply: 258,446,028 PENDLE Circulating supply:154,009,988 PENDLE »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Short
by alikze
PENDLE BUY POINTThe chart analysis of Pendle cryptocurrency highlights two strategic buy points based on support levels, confirmed by the Relative Strength Index (RSI), Fibonacci retracement levels, and the moving average. The first buy point is around the 6.954 level, indicated by a consolidation zone (yellow rectangle). This suggests price stabilization and potential upward reversal. The recommendation is to buy when the price consolidates here, confirming support. The second buy point is around the 6.440 level, also marked by a consolidation zone. This indicates robust support, and the strategy is to buy if the price consolidates in this area, indicating potential recovery. The RSI, shown at the bottom of the chart, is at low levels at these buy points, suggesting the asset is not overbought and making these buy points technically attractive. Fibonacci retracement levels from the recent peak indicate possible resistance and support levels. The current price is near the 0.382 level (7.142), a common reversal zone. The white line on the price chart represents the short-term moving average, indicating a recent uptrend. If the price retreats to the suggested buy points, it’s important to observe its interaction with the moving average, as sustaining above this line may reinforce the uptrend.
Long
by Varotz
Bullish Continuation LikelyThe current price of PENDLEis 6.640, trading within an ascending channel as shown in the 1-hour timeframe. The market dynamics are defined by the interaction with the channel’s lower boundary and the RSI trends. Technical Indicators and Analysis The ascending channel defines the current support and resistance levels, with the lower band acting as a dynamic support and the upper band as resistance around 7.25. Recently, the price has tested the lower boundary of the channel, which aligns with support around the 6.6-6.65 level. The RSI is testing its moving average (MA) and is near the midline (50 level). A rejection at the MA could signal a bullish push back up. If the price breaks below the channel, the key support around 5.8 could provide a safety net. Market Sentiment and Probable Scenario As long as the price remains within the ascending channel, the market sentiment is cautiously bullish. The price dynamics suggest that: Bullish Scenario: If the price maintains above the lower band of the channel and the RSI bounces off its MA, we could see the price pushing back up towards the upper resistance level of the channel. Bearish Scenario: If the price breaks below the channel’s lower band, the next key support around 5.8 becomes critical. This support is robust enough to potentially halt a deeper decline. Outlook - Most Probable Scenario: Given the current position within the ascending channel and the RSI’s interaction with its MA, a slight bullish continuation towards the upper channel band is likely, provided the price sustains above the dynamic support. - Key Levels to Watch: Support: 6.6-6.65 (immediate), 5.8 (key) Resistance: 7.25 (immediate)
by MonoCoinSignal
PENDLE in Beast Mode but D rising wedge into W resistanceD rising wedge into resistance.looking for a W Lower high. I still took a lDaytrade Long here at the H rounding bottom for a 4h HL as its retesting prior Value area highs. - but I dont think BULLS have enough steam to take out W resistance. Often its better to get consolidation under ATH resistance and find new buyers and then attack resistance and thats the psychology of a cupnhandle patttern. We usually assume there are some short stops above the resistance. lets see. D rising wedge into resistance.looking for a W Lower high. If this doesn´t work the W Cunhandle would be nice in 4h OS and FIB .382 area. I have 4 TImeframes open and I suggest you try the same.
by ChartmanChris
$PENDLE, Breakout Alert! 🚨Chart Analysis Take a look at the 2D chart for BINANCE:PENDLEUSDT , and you'll notice that it's been forming a beautiful Bullish Flag pattern 🏔️. This is an incredibly bullish sign, as it indicates that the market has been consolidating its gains after a significant uptrend 💥. The flagpole is the upward trendline that formed during the initial surge, while the flag itself represents the recent consolidation phase 🔀. The significance of this chart pattern lies in the fact that breaks above the upper trendline (resistance) often lead to further price increases 🚀. As we approach the upper trendline, I believe it's highly likely that it will break out and continue its upward momentum 💥. Technical Indicator Analysis Some highlights from my screener: Momentum: - 15m to 6h: Indicators such as StochRSI, Stochastic, and Williams%R are showing bullish signals. - 12h to 1w: These momentum indicators continue to show bullish trends, except RSI and Williams%R which show slight bearishness over longer timeframes. Trend: - 1h to 1d: Most trend indicators like Aroon, EMA, MACD, and Ichimoku Cloud show bullish signals. However, DPO shows mixed signals in some shorter timeframes. - 1w: All trend indicators show bullish signals, affirming a positive long-term trend. Volatility: - 15m to 1d: High volatility is indicated by ATR and Bollinger Bands. - 1w: Volatility decreases, indicating potential price stabilization in the near future. Volume: - Short-term: Volume indicators like OBV and VWAP show bearish signals in the short term. - Long-term: These indicators turn bullish over longer timeframes, indicating volume accumulation in the long-term uptrend. Positive Signals - The Bullish Flag pattern suggests a potential strong price increase after breaking resistance. - Long-term trend and momentum indicators are bullish. Risks - High short-term volatility might cause slight corrections before the uptrend resumes. - Some short-term momentum indicators like RSI and Williams%R show neutral or bearish signals. Predictions - Short-term (1 week) : Price might experience slight corrections but the overall trend remains upward. - Medium-term (1 month) : If the price breaks out of the Bullish Flag, a strong upward movement is expected. - Long-term (3-6 months) : The long-term uptrend is likely to continue, supported by trend and volume indicators. Conclusion As always, it's essential to remember that trading involves risk 🚨. However, if my analysis is correct, I believe #pendle/usdt has tremendous upside potential 💥. Patience and careful risk management will be crucial in the coming days 👀. Disclaimer 🔜 DYOR (Do Your Own Research) before making investment decisions! 🔓 #PENDLE #BullishFlag #BreakoutAlert
Long
by crypto_pumpppp
PENDLE/USDT Breakout Alert! Bullish momentum for Pendle.💎 Paradisers, #PENDLE is indeed a coin worth monitoring closely. 💎 It appears that the price has successfully broken out of the falling wedge pattern, accompanied by a break of the Choch area and a reclaim of the support level. These three confirmations simultaneously signal a very bullish potential for PENDLE's movement. 💎 The price may retest the support area around 5.580 before continuing its upward trend, potentially aiming to reach the previous all-time high in our target area. 💎 However, if PENDLE fails to bounce from the support area and instead consolidates with weak volume, this could be a concerning sign. 💎 It may indicate a possible fakeout or even a breakdown below the support area. In such a scenario, PENDLE would fail to sustain its bullish movement, and the price could decline toward the demand area at $4.7. 💎 The demand area holds significant importance, so it's crucial for PENDLE to bounce from this level and reclaim the support to resume its upward movement. However, if PENDLE fails to bounce and breaks below the demand area, this could signal a bearish momentum, potentially leading to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
5
LONG #PENDLEUSDT LONG #PENDLEUSDT from $4.5059 30m TF. A level with several touches has formed on the instrument, beyond which I expect to see the stops of the participants' shorts, allowing them to cover a small area of imbalance. There was also an active compression of price lows, which indicates the local strength of buyers. The entry signal will be a trade near the level with reduced volatility and, before the movement itself, an acceleration of the tape of transactions with an increase in volumes.
Long
by CScalp_EN
Pendle Bullish Momentum Alert: Buy for Maximum Profits!**Technical Analysis Chart Description:** Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings: 1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions. 2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action. 3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis. 4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns. 5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses. 6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions. **Disclaimer for Crypto Trading:** Trading cryptocurrencies carries inherent risks, and it's important to understand the following: Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses. Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky. Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices. This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets. By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
Long
by MoonTradingForecast
1