PendleusdtBINANCE:PENDLEUSDT
we have broken Order Block soby my Entry or a little lower Enterand save on TP1 then Risk Free for TP2.
Have a good Trade.
Pendle
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 #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
PENDLEUSDT (PENDLE) Updated till 22-09-24PENDLEUSDT (PENDLE) Daily timeframe range. PA is very close to 4.657 a little bit push can take it there. there are not much of hold up here depends on selling pressure. to continue its move it needs to stay above 3.189.
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
PENDLE "most active in Russia" Pendle is most active in Russia at 20%. Data from crunchbase powered by semrush.
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🌴
Alikze »» ONDO | Movement in the descending channel🔍 Technical analysis: Movement in the descending channel
- According to the analysis presented in the previous post, after breaking the major ceiling, it continued to grow until the middle of the channel.
- Currently, it has faced correction in the daily time frame after the break of the medium-term ascending channel.
- Now it is moving in a descending channel, which after reacting to the major ceiling several times, faced increasing selling pressure, which finally broke it down after forming a corner pattern.
- Now, in the area where the movement originates, there is a relative demand, which can have a pullback with a broken structure, and if the selling pressure continues, it will continue to correct until the green box.
💎 Alternative scenario: if it can break the supply area, it can continue to grow up to the range of 1.17 and then up to 1.36.
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KUCOIN:ONDOUSDT
Alikze »»GRT | Bearish Flag Pattern🔍 Technical analysis: Bearish Flag Pattern
According to the analysis presented in the previous post, after the completion of corrective wave B, an upward wave in the form of wave 3 or C grew to the size of 1.272 fibo of the previous wave itself.
- Therefore, this rising wave can be labeled as wave one.
💎 According to the structure and behavior of the three-wave correction, an ascending log equal to 61.8 fibo of the previous wave has been returned.
💎 In addition, this return wave was in a channel and formed a descending flag. Therefore, the bearish flag pattern can also correct as much as the bar.
- This descending log can return at least 100% of the previous wave, which will be the range of 0.1446.
- If it continues and breaks it, it can extend to the floor of the channel and shopping area.
💎 Resistance zone: limit 0.39 and fibo 61.8 channel ceiling
💎 Alternate scenario: If the 0.618 Fibo area breaks to the upside, the bearish scenario will be invalidated and should be re-examined and updated.
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Alikze »» OM| Pullback to the roof major🔍 Technical analysis: Pullback to the roof major
- In the analysis presented before , it was mentioned that it is located in a range area, which after creating demand in the green box area, it was able to advance to the supply area.
- But it is currently in a bullish channel in the daily and 12H timeframes.
- According to the bottom range of the channel, if it faces demand in the liquidity area, it can grow up to the previous ceiling range of 1.37 in the first step.
- In addition, it will have the ability to reach the specified supply area by breaking the previous ceiling.
💎 Alternative scenario: But if the pullback to the broken structure faces selling pressure and breaks it, the correction can continue up to the green box area.
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BINANCE:OMUSDT
PENDLEUSDT.1DAnalyzing the PENDLE/USDT chart reveals several technical aspects that offer insights into the current and potential future market movements for Pendle trading against USDT. Here's a detailed breakdown of the chart:
Current Price Action:
PENDLE is currently priced at $3.924 after a significant downward movement indicated by the day's high and low. The broader view shows a volatile market with fluctuating highs and lows, creating opportunities for both short and long positions.
Key Levels on the Chart:
Support Levels:
S1 at $3.221: This level acts as the nearest support, where buyers historically stepped in to push the price upward. It is crucial to watch this level as a breach below could lead to testing lower supports.
Resistance Levels:
R1 at $5.431: This level is marked as the first significant resistance where the price has previously faced selling pressure.
R2 at $6.994: Representing a more robust resistance level, approaching this would indicate a strong bullish momentum.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, suggesting bearish momentum. The increasing distance and the negative histogram values reinforce this bearish outlook.
RSI (Relative Strength Index): The RSI value at 46.66 suggests a neutral to slightly bearish market sentiment. It’s not yet in the oversold region, which would indicate a potential turnaround.
Technical Analysis and Trading Strategy:
Given the current chart patterns and indicators, the trading strategy would focus on cautious engagement:
Buying Strategy: Consider entering long positions if the price stabilizes or bounces strongly off the S1 support at $3.221, with an upward target of R1 at $5.431. Setting a stop-loss slightly below S1 can help mitigate potential losses if the downtrend continues.
Selling Strategy: If PENDLE fails to hold the S1 support, or if it approaches R1 without sufficient volume and momentum, consider taking short positions or exiting longs. This strategy would capitalize on resistance rejections or breakdowns below support levels.
Risk Management: Due to the volatility seen in the price action, maintaining strict risk management protocols, including stop-losses and position sizing appropriate to the volatility level, is crucial.
Conclusion:
The market conditions for PENDLE/USDT suggest a bearish short-term outlook but with potential for rebounds at key support levels. Traders should remain vigilant for any signs of a reversal at support levels or a continuation of the bearish trend. Close monitoring of volume changes and further developments in MACD and RSI readings will be essential to adjusting trading strategies accordingly.
#Pendle 1D chartSEED_DONKEYDAN_MARKET_CAP:PENDLE 1D chart;
It accepts the trend line extending from October 2023 to the present as a balance and continues to rise.
We can see an upward movement after the squeeze with the falling trend line.
There is a ratio of 112% between the harmonic structure it has created and the target zone.
#Pendle 1D chartSEED_DONKEYDAN_MARKET_CAP:PENDLE 1D chart;
It accepts the trend line extending from October 2023 to the present as a balance and continues to rise.
We can see an upward movement after the squeeze with the falling trend line.
There is a ratio of 112% between the harmonic structure it has created and the target zone.
Trade Setup: PENDLE Spot Long PositionMarket Context:
PENDLE has reclaimed the 200-day Simple Moving Average (SMA) on the daily chart, as well as the broken horizontal support, now back in the range. This indicates a potential bullish trend.
Trade Parameters:
Entry: Enter a trade around the $3.9 support level.
Take Profit:
First target: $4.5
Second target: $5.2
Third target: $5.8
Stop Loss: Set a stop loss below $3.5.
📊 Monitor the price action for confirmation of support levels and adjust based on market dynamics to optimize the trade setup. #PENDLE #CryptoTrading #TradeSetup 🎯
Alikze »» OM | #MANTRA Trading range!!Mantra is an L1 blockchain network that produces a bridge between TradFi and DeFi by providing the necessary infrastructure for tokenizing RWA.
💎 In the 1D time frame, it has encountered an increasing trend after exiting the descending channel.
💎 Currently, after reaching its previous major ceiling, it has faced increased selling pressure. Considering that the trading range is in the liquidity area, if the volume increases, it can grow up to the supply area with the increase in demand.
💎 Alternative scenario: if the supply zone breaks, it can have a correction up to the 0.39 zone, and if the trend continues, it will continue up to the green box zone.
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Total supply: 888,888,888 OM
Circulating supply: 793,991,274 OM
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Alikze »» STRK | Descending channel🔍 Technical analysis: Descending channel
- It is moving in a downward channel in the daily and 12H time frames.
- Currently, there is a demand in the green box and the bottom of the descending channel.
- After the demand in the green box area, it has re-entered the descending channel.
- According to the current structure, it can grow up to the middle of the channel and the range of 0.78 after the pullback.
- If it can stabilize above the 0.78 area, it can continue its growth until the neck line area and the supply area.
💎 In addition, if the green box is broken, the downward trend can continue up to the 0.39 area.
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BINANCE:STRKUSDT
Alikze »» AKT | Descending channel🔍 Technical analysis: Descending channel
- It has been moving in an ascending channel in the 1W time frame.
- In the short term after the break of the descending channel, as you can see, it is moving within a descending channel.
- After breaking the long-term ascending channel and pullback, it has had a correction up to the golden zone.
- In the 8H time, if the supply zone breaks, it can grow up to 4.68, otherwise, it can retest the bottom of the channel.
⛳️ Upside targets: 4.65 - 5.08 - 5.47
⛳️ Downside targets: 2.74 - 2.35 - 1.95
💎 But in the daily and weekly time frame, according to the bullish candlestick in the golden zone, if the supply zone fails, it will have the ability to grow to the next zone and the specified goals of the ceiling of the long-term ascending channel, which I will review and update later.
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Alikze »» TRAC | Pullback to Neckline🔍 Technical analysis: Pullback to Neckline
- The 8H and 12H frames are moving in a downtrend.
- Given the descending faithful, the return of the descending canal can be the broken structure to continue the descending route.
- If the money is on the line and cannot penetrate it and cut down the descending channel, it can continue the downtrend in the first step to 0.5859.
💎 Possible Scenario: Depending on the structure and behavior as well as the descending faithful, the scenario can be achieved until the green box and liquidity range can be achieved.
💎 Alternative scenario: Also, if it can cut the supply range and channel ceiling, it can test the next supply zone, which must have a stabilization top.
🛑 Resistance range: 0.83 - 0.805
🟩 Support range: 0.488 - 0.537
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Alikze »» ENS | Ascending channel🔍 Technical analysis: Ascending channel
- It is moving in an ascending channel in the daily time frame.
- It is currently located in the supply area and the roof of the channel.
- If it can be placed above the supply area and break the ceiling, it can touch the targets of 37.5 - 43.75.
💎 Alternative scenario: if it faces selling pressure in the supply area and the ceiling of the channel, it can have downward targets of 25 and then the middle of the channel and the green box.
🛑 Resistance range: 28 - 31.25
🟩 Support range: 18.75 - 22
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Alikze »» PENDLE | Triangle corner pattern🔍 Technical analysis: Triangle corner pattern
- According to the analysis presented in the previous post, after the inability to break the supply zone, it faced a correction and fell to the green box, which is currently a resistance to continue the path.
- Currently, a corner pattern is formed in the daily time frame.
- But now it can have two paths.
💎 First scenario : after a dynamic trigger retest, this failure can occur from the bottom and continue until the origin of the movement of the 3.90 correction range.
💎 The second or alternative scenario : if it can break the supply zone with buying pressure and retest the upper supply zone after hitting the dynamic trigger with a pullback to the supply zone.
🛑 Resistance range: 5.07 - 5.46
🟩 Support range: 3.90
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PENDLE target 8.9712h time frame
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TP: $8.97
SL: $4.49
RR: 8.76
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(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
