Pendle contractionPendle is once again contracting on both price action and RSI, a big move is coming. The token approaches all-time-highs and then we are in price discovery mode where charting becomes difficult for a while. I continue to hold this long-term aside GMX as my arbitrum exposure. Stay safe out there, I think we see all-time highs very soon.
PENDLEUSDT trade ideas
PENDLE IS BULLISHAn upward structure can be seen on the chart. The previous roof is broken well and we have had a successful pullback. By maintaining the green range, it can move towards the targets.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
PENDLEUSDT Next Target $2.00PENDLEUSDT Technical Analaysis Update
PENDLEUSDT has formed a cup and handle pattern on the daily chart. Now that the price has broken through the cup and handle resistance (neckline), we can expect a 50% move from the current level.
Buy zone : Below $1.23
Stop loss : $1.10
Always Keep StopLoss
Regards
Hexa
Pendle looking to break consolidationPendle is looking to break consolidation to the upside on the bullish BTC price action. RSI is reaching for a breakout of contraction. Volume had a meaningful reset. With the Ethereum price action I expect the arbitrum ecosystem to maintain this bullish momentum. This next fib is my next price target and should resolve soon, if flipped to support, ATH is on the horizon (the gray fib). Once we are in price discovery, this becomes a lot harder to chart. We are sitting right after a bounce off the center moving average of the Bollinger band, this token is not overheating and is looking for another leg up. A local demand was updated for additional support if a breakdown occurs.
PENDLE target 24h time frame
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PENDLE is correcting since increasing 170% from 0.45, we can pay attention to two critical support. First one is 0.99, this is composed of previous wick lows, another is 0.618 Fibonacci Projection(0.94). Also, according to Elliot impulse wave, PENDLE is probably on the second wave. If it is, then we can target 1.7 and 2 in future.
TP: 1.7 / 2
SL: 0.8225
Pendle consolidates with rsi contractionPendle has been struggling to maintain the previous channel so I deleted those lines. The chart has respected fib levels very well on the weekly and daily. Price has been ranging between the .618 and .886 respectively. Volume is on an overall uptrend with contracting RSI. A move is coming. Gaming has taken the current hype away from RWA and defi plays. I think these boring times are good opportunities to stack up. The demand box is a fallback zone.We are approaching price discovery soon which will make it harder to chart Pendle. I am net bullish on the token and still have a 1 billion dollar market cap price target. However this is a bearish divergence here. We are looking to continue to consolidate for a bit.
Pendle quick washout and uptrendPendle continues the uptrend with a break in the downturn of RSI. There was a huge buy order that brought the token back into the channel that has stood since mid October. The token is looking to retake the 11EMA, and bounced nicely off the local demand. We are looking at another attempt of the .886 Fib level.
Pendle continues trend linePendle remains on the overall trend and had a meaningful cool off which is needed to keep the longer-term momentum. RSI took a breather and HV is on an uptrend. The most recent bounce was directly on the .5 FIB which is a power move imo. I think we see ATH soon. I added a local demand as additional supportive context. I would say we see ~1.20 in ten days time.
PENDLE/USDT LONG SCALP SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this PENDLE/USDT Trade setup.
PENDLE forming bull flag like structure in 1hr time frame and currently, bouncing from the lower trendline of the bull flag. Might see a 25-30% move to the upside from here.
Long here with tight SL.
Entry:- Long at CMP and add more up to $1.04
Target:- 30%
SL:- $1.01
Lev:- 10x
If you like this idea then do support it with like and follow.
Thank You!
Pendle continues uptrendPendle has had the RWA narrative since before people realized it was a thing. I doubled my position on this token around .82$ recently and am very bullish on the token long term. RSI is still strong and HV is on a large uptrend to the historical level I marked. I think we see 1/28$ soon. This price level will put the token into price discovery which is exciting in crypto. My long term target is 1 billion$ market cap.
Pendle Signals Green: Buy Now, Thank Me Later!"**Pendle (PENDLE)** is a privacy-preserving lending protocol that allows users to borrow and lend assets without revealing their identities or transaction histories. It does this by using a zero-knowledge proof (ZKP) system to verify users' identities and transaction histories without revealing them to anyone else.
**Recent news**
* On November 2, 2023, Pendle announced that it had integrated with the Polygon network. This integration will allow Pendle users to borrow and lend assets on Polygon with lower fees and faster transaction times.
* On October 25, 2023, Pendle announced that it had launched its first lending pool for wrapped Bitcoin (wBTC). This pool allows users to borrow and lend wBTC with low interest rates and no KYC requirements.
**Short fundamental analysis**
Pendle is a relatively new project, but it has quickly gained traction in the DeFi community. This is due in part to its innovative use of ZKPs to protect user privacy. Pendle is also backed by a strong team of experienced developers and investors.
**Disclaimer**
This is not financial advice. Please do your own research before investing in any cryptocurrency.
PENDLE long medium-term trade #17Today we offer you our "estimate" of a potential medium-term trade for PendleUsdt
Although we have several options for entering at long Pendle, we publish the "safest" one in terms of risks and entry points on a possible "false breakout" of liquidity.
Long entry - range $0.5751-0.5851
Stop loss - $0.5399
Take profit - $0.9540
P/L ratio - 9.3
If the price continues to rise from the current price and breaks above $0.6850 , then this trade will lose its relevance and we will publish an update.
We allocate $5,000 for PendleUsdt trade, because the coin is highly volatile
In the event of a mistake, we will lose $350
If the trade will be a success, we will receive a profit of $3220
#PENDLEUSDT.P - SHORT TIME !!Hello again, mates;
This evening my second position will be my #PENDLEUSDT.P #short position. Although the target will be very low like my other position #TRBUSDT.P The part that interests me will be the short term of 0.72 levels.
In short, the trend has broken and is making the last touches to get confirmation of the decline. An ideal sweet scalp for me. I say goodbye at 0.72.
Good luck...
None of my statements are investment advice.