PENDLEUSDT Bearish Wedge PatternPENDLEUSDT Technical analysis update
PENDLE has formed a Raising wedge pattern on the daily chart, and the price has recently broken below the wedge's support line in day chart. This breakdown suggests potential bearish momentum in the coming days, with a possible decline toward lower support levels.
Pendlecoin
PENDLE target 74h time frame
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Entry: $3.7
TP: $7
SL: $3.03
RR: 4.93
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(1) Completed first wave; Doing second wave; Ready for third wave (Refer to following link)
(2) Big bottom head and shoulders pattern is creating
(3) Got support twice at fib projection 0.618, but be careful the possibility to reach 0.5
(4) Target for fib projection is $7
(5) Stop loss once going below $3.03
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Previous Analysis-PENDLE reached target
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 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
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.
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 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 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
PENDLE coin is on the long list with a level of 0.71Hello everyone!!!
AIHermes today identified the coin PENDLE on the long list with a level of 0.71
Entry model - breakout! Leverage 10-20X
Stop short.
We see a long accumulation and a gorgeous squeeze!
1st target 0.8227
Trade with us, trade better than us!
Today:
5 coins on the short list
22 coins on the long list