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Pendle

Pendle and the missing Fib - potential for a 30% correctionI like Fibs. Especially in crypto. Wherever I see a well-defined and significant run up or run down in the historic price action I draw some basic extension Fibs (yes, sometimes upside down as well - I don't care...). Then I check whether these Fibs have historically been, and are being, acknowledged. If so, then that set of Fibs is what I use for trading. As I need some historic price action to feel comfortable, I'm not particularly interested in new crypto's and, as usual, I made it to Pendle well and truly late for the party (little green arrow shows where I finally got in). But what saw I liked. Pendle responds really well to one particular set of Fibs that are the upside down extension Fibs of the original run down from late-2021 to mid-2022 (see weekly linked chart of Pendle's full price history below). All the Fibs from this set that the price action has encountered during its meteoric rise have been properly acknowledged - except for one... After duly acknowledging the 1, the 1.618, and the 2.618 fibs (white circles), the Pendle price action completely ignored the 4.236 fib in late March (orange circle)! This took me by surprise as I clocked out and cashed in my chips at that level (red arrows). Damn! Needless to say, the next fib on the list, i.e. the 6.857 fib, is where the price stopped. Now, you can call me superstitious, but I believe that there's NO WAY that Pendle can keep going up without first coming down. :) Bitcoin is still on a sideways wobble and I'm expecting it to correct just that little bit more before the deck is cleared for a further run up. If so, then I expect this to be the perfect opportunity for Pendle to do what it is supposed to do and come down to recognise the 4.236 fib in this set! A proper acknowledgement would be a spike down and a weekly (or at least a clear daily) close on or near this fib level.
CRYPTO:PENDLEUSD
by Fractaleer
1
PENDLEUSD Strong Buy Signal. Target $12.Pendle (PENDLEUSD) is on a short-term pull-back after the 1D RSI got overbought above 70.00. This is consistent with all previous times the RSI got that overbought but against common sentiment, which would suggest exhaustion of the bullish trend, that was a signal to buy halfway through the Bullish Leg. As you can see on the two Legs before, that signal emerged at around 50% of the uptrend. As a result, we expect at least $12.000 before the next consolidation. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:PENDLEUSDLong
by TradingShot
Staking maniaThere has been a correction in ETH, but the Restaking ETH is still hot. As the leading protocol in this sector, Ether.fi has increased by more than 200% after listing. In addition to the Restaking protocol, the yield swap protocol Pendle has also attracted much attention during this period. Today we take a look at Pendle’s recent performance. Pendle provides the crypto with a yield swap market, splitting financial products into PT (principal) and YT (potential return part) to meet the needs of different traders with the opportunity to add leverage trading to potential returns. For example, if you think that the interest rate for borrowing USDC will be higher and higher in the subsequent period, then you can purchase YT-aUSDC (USDC interest rate on AAVE) in pendle, which is a process of increasing leverage. , if your judgment is accurate, you will get several times the rate of return than directly lending USDC on AAVE. In the current environment where various types of staking points are frequent, Pendle has split the PT (principal) and YT (the part of earning points) of Restaking and Staking. Punters who are inclined to expect airdrops can use nearly 10 times the leverage to participate. In the staking activities, PT also provides traders with low risk appetite with an ETH-based return of nearly 30%. Based on the above advantages, Pendle also surpassed GMX and became the native protocol with the highest TVL and highest MC on Arbitrum. In terms of the use of indicators, we see that Pendle’s trend is relatively simple and clear. At the 4h level, the TSB indicator prompted a SELL signal on March 11. After that, pendle experienced a correction that lasted several days. On March 22, TSB prompted a BUY signal, and Pendle resumed its rise, and break ATH. In both processes, the wavy area plays the role of providing resistance and support. Judging from the TSB indicator, Pendle’s bulls are currently healthy. Fundamentally, Pendle has the hottest narrative. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
PENDLE/USDT Critical area. Breakout or Breakdown the support ??💎 PENDLE has recently exhibited notable market dynamics. It is currently resting on the support line of an ascending channel pattern after facing rejection from a local resistance area. However, the indicator tools suggest bearish divergence and weak momentum. 💎 If PENDLE successfully breaks out above the resistance, there is a possibility of reaching our target area. 💎 Conversely, if PENDLE breaks down below the support pattern, it may signal a switch to a bearish trend. In such a scenario, the price could decline towards the Bullish OB area or even reach the support area. 💎 PENDLE must bounce at the support level to maintain the current upward movement. Failure to bounce could result in continued downward movement, potentially leading to further declines.
by MyCryptoParadise_Nathan
4
PENDLE - Is there a trade opportunity here ? #PENDLE/USDT Analysis Description --------------------------------------------------------------- + As depicted in the chart, the price of PENDLE has broken out of the channel after trading within it for approximately a month. + This bearish breakout suggests an imminent phase of price consolidation following a bullish trend that persisted for over a month. + This presents a favorable opportunity to initiate a SHORT trade. + While significant profits may not be attainable in this trade, given the potential for price rebound from one of the support levels, it still represents a respectable opportunity. + I anticipate a price rebound after reaching the support range around 2.6. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 2.9762 Stop Loss: 3.44 ------------------------------ Target 1: 2.827 Target 2: 2.6256 Target 3: 2.4415 Target 4: 2.2552 Target 5: 2.124 Target 6: 1.999 Target 7: 1.619 ------------------------------ Timeframe:1D Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Short
by VectorAlgo
PENDLE LOOKS BEARISHWe have a 3D on the chart. A bearish CH is also seen, which is an important sign for a trend reversal or at least an internal pull back in the substructure. A supply can also be seen nearby. There is a very high probability that the drop will be done from the specified supply. 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
Short
by behdark
2
PENDLE/USDT Perfectly Break out the pattern. Very Bullish !!!💎 PENDLE has recently become a key player in the market, impressively breaking out of a bullish pennant pattern, highlighted by a robust green candle. Notably, PENDLE has managed to breach not only the pattern but also the resistance of a previous higher peak. 💎 If PENDLE maintains its position above the support level in the 8-hour closing candle, there's a high probability it will continue its upward trajectory, probability aiming for the target set by the bullish pennant. 💎 However, if PENDLE is unable to sustain its position above the support at the close of the candle, it might retreat back to the demand area, which also aligns with the support trendline. In this zone, PENDLE would need to gather new momentum to resume its upward movement. 💎 In the demand zone, a strong bounce is essential. If PENDLE only consolidates without a significant recovery, it risks losing this key support area. This could potentially lead to a further decline, taking PENDLE back towards the stronger demand area.
by MyCryptoParadise
1
Pendle is pumping, how much % can it make? (342%)Pendle is one of the stronger coins currently on the crypto market. We can see that we have had a pretty long consolidation where whales were accumulating coins. Of course they want to make money, so they sent the coin to the upside. We can see that the uptrend is starting to be parabolic, which is very good because you can make a lot of money in a short period of time. My profit target is the 2:2 FIB extension, which is 342% profit from the current price if you buy the coin right now. About Pendle - Pendle is a protocol that enables the tokenization and trading of future yield. With the creation of a novel AMM that supports assets with time decay, Pendle gives users more control over future yield by providing optionality and opportunities for its utilization. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
3
PENDLE/USDT upward momentum? 👀🚀PENDLE Analysis💎 Paradisers, focus on #PENDLEUSDT as it currently attempts to break a resistance level, hinting at a strong possibility for a bullish trend post-retest. 💎 #PENDLE has recently shown a Market Structure Shift (MSS) and is now making its second attempt to breach the $1.4107 resistance. A successful break above this point could open up an attractive trading opportunity at the retest level. If it sustains this upward trajectory, the next target could be the Fibonacci resistance level. 💎 However, given the ever-evolving nature of the crypto market, being ready for various outcomes is essential. If #PENDLE struggles to maintain its upward momentum after the retest, a change in our approach may be required. 💎 Under such circumstances, our Plan B would be to prepare for a bullish push from a lower demand level at $1.0204. It's crucial to remain alert, as failing to hold this level might suggest a tilt towards a bearish market trend. 🌴💰.
Long
by MyCryptoParadise
PENDLE/USDT Possible to make new higher high or rejected ??💎 PENDLE has undeniably captured significant attention in the market. Presently exhibiting a favorable rounding bottom movement, PENDLE is poised for a probability upward trajectory toward the Fibonacci target area. 💎 However, if PENDLE falls short of establishing a new higher movement in the future, there's a likelihood of a downward shift with a retracement to the demand area. 💎 In the scenario where PENDLE retraces to the demand area for a retest but fails to sustain its position, resulting in a breakdown, PENDLE may shift to a bearish movement, extending its descent and potentially retracing to a robust support area.
by MyCryptoParadise_Nathan
2
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!
Long
by CoreCrypto1
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
Long
by P_S_trade
26