PENDLE / TetherUSShort
Pendle loses steam
Pendle is one of my favorite tokens in the Arbitrum ecosystem. I have been covering since about 60 cents and am heavily invested myself. I believe this momentum is about to break and we are looking at a reversal to the downside. The long wicked Doji candle is a sign of reversal as well as another tap on the upward portion of the medium term channel. I would be we hit the price target on the red dashed line 2.45$ at this point. It is possible we get another run for 3$ but it looks to have been resisted.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.