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PENDLEUSDT

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 🎯
Long
by Richtv_official
Navigating Market Waves: Bitcoin & PENDLE Analysis📅 Let's dive into today's analysis. The market has formed a small structure, giving us better triggers for taking positions. The coin I want to analyze today is PENDLE, but first, let's look at Bitcoin. 👑 Bitcoin Analysis 🔍 We're analyzing Bitcoin on the 1-hour timeframe, as usual. The conditions haven't changed much from yesterday. The price has made a deep pullback to the broken descending channel. The current short position trigger is 61,273, which, if broken with good volume, can introduce significant bearish momentum into the market. 📊 The volume has decreased during the correction, which is natural and indicates the strength of the bearish trend, suggesting convergence. 📉 For short positions, as mentioned, 61,273 is a suitable trigger. If you miss this trigger, you can use Dow Theory to take a position or wait for the support break at 59,323. 📈 I still do not recommend any long triggers as it doesn't make sense to open long positions with the market having such strong bearish momentum. ✉️ PENDLE Analysis 🔍 Let's move on to PENDLE. This is the first time I'm analyzing this coin on the channel, so I'll explain the project as well. The PENDLE project is a blockchain-based platform within the DeFi space that offers users LP-Tokens with high APRs. These LP-Tokens have expiration dates, and if they are not withdrawn before their expiration, the invested funds are completely lost. This is why the APRs are high, as there is more risk involved. 💎 On the daily timeframe, as you can see, there's a good, clean uptrend that, after reaching the resistance at 7.033, started to correct down to the golden Fibonacci zone of 0.5 to 0.618. It then moved back up to the 7.033 peak, forming an ascending triangle supported by a trendline. Additionally, the SMA 99 is also providing strong support to the price. Since we are both on the trendline and the SMA 99 has reached the price, the likelihood of support from these levels is high, depending on Bitcoin's trend and future developments. 📊 The volume of this coin has started to decrease after reaching the 7.033 resistance, which is natural. However, for a new uptrend to start, the buying volume needs to increase at least to the previous levels. 🛒 For spot purchases, you can buy after breaking the 7.033 resistance, which is the ATH resistance for this coin. I believe risking no more than 0.5-1% on this coin is logical, but considering the potential hype around the project, this risk is reasonable. Personally, I plan to hold a small amount of this coin in my spot portfolio after breaking this resistance. 🎯 The target for this coin in the first stage is the $12 range, and for a bull run or a major move, it could be $23. I suggest waiting for the $23 target as it depends on the project's success and if it becomes as large, popular, and reliable as Uniswap or Pancakeswap. 📉 For futures positions, it's better to move to the 4-hour timeframe to see the triggers more clearly. The long trigger in futures can be 6.21, which is close to the ATH and should be quickly locked in as profit due to the strong supply zone. The 55.92 trigger in RSI can confirm our long position. 📈 For short positions, after breaking the trendline, the 4.841 trigger is suitable. The target can be the daily golden Fibonacci zone, and its confirmation can be the break of 35.76 in RSI. 📝 Conclusion In conclusion, the market has shown a significant bearish movement, especially in Bitcoin, leading to cautious market sentiment. For Bitcoin, short positions remain more favorable due to the strong bearish momentum, with 61,273 as a key trigger. For PENDLE, 8.871 is a crucial short trigger, while long positions should be taken with caution, waiting for a more defined structure and stronger buying signals. Always manage risk and wait for clear triggers before entering positions. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Long
by itsparham96
2
Bullish Continuation LikelyThe current price of PENDLEis 6.640, trading within an ascending channel as shown in the 1-hour timeframe. The market dynamics are defined by the interaction with the channel’s lower boundary and the RSI trends. Technical Indicators and Analysis The ascending channel defines the current support and resistance levels, with the lower band acting as a dynamic support and the upper band as resistance around 7.25. Recently, the price has tested the lower boundary of the channel, which aligns with support around the 6.6-6.65 level. The RSI is testing its moving average (MA) and is near the midline (50 level). A rejection at the MA could signal a bullish push back up. If the price breaks below the channel, the key support around 5.8 could provide a safety net. Market Sentiment and Probable Scenario As long as the price remains within the ascending channel, the market sentiment is cautiously bullish. The price dynamics suggest that: Bullish Scenario: If the price maintains above the lower band of the channel and the RSI bounces off its MA, we could see the price pushing back up towards the upper resistance level of the channel. Bearish Scenario: If the price breaks below the channel’s lower band, the next key support around 5.8 becomes critical. This support is robust enough to potentially halt a deeper decline. Outlook - Most Probable Scenario: Given the current position within the ascending channel and the RSI’s interaction with its MA, a slight bullish continuation towards the upper channel band is likely, provided the price sustains above the dynamic support. - Key Levels to Watch: Support: 6.6-6.65 (immediate), 5.8 (key) Resistance: 7.25 (immediate)
by MonoCoinSignal
PENDLE/USDT Breakout Alert! Bullish momentum for Pendle.💎 Paradisers, #PENDLE is indeed a coin worth monitoring closely. 💎 It appears that the price has successfully broken out of the falling wedge pattern, accompanied by a break of the Choch area and a reclaim of the support level. These three confirmations simultaneously signal a very bullish potential for PENDLE's movement. 💎 The price may retest the support area around 5.580 before continuing its upward trend, potentially aiming to reach the previous all-time high in our target area. 💎 However, if PENDLE fails to bounce from the support area and instead consolidates with weak volume, this could be a concerning sign. 💎 It may indicate a possible fakeout or even a breakdown below the support area. In such a scenario, PENDLE would fail to sustain its bullish movement, and the price could decline toward the demand area at $4.7. 💎 The demand area holds significant importance, so it's crucial for PENDLE to bounce from this level and reclaim the support to resume its upward movement. However, if PENDLE fails to bounce and breaks below the demand area, this could signal a bearish momentum, potentially leading to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
5
PENDLEUSDT.4HThe 4-hour chart for Pendle (PENDLE/USDT) indicates a consolidation pattern, where the price is compressing within a symmetrical triangle. This pattern typically suggests a continuation of the prior trend, which in this case has been upward. The price is currently trading near $6.053. The first resistance (R1) is marked by the upper trendline of the triangle, while a more significant resistance (R2) is at $7.545. The primary support level (S1) is the lower trendline of the triangle at around $5.462, with a secondary support (S2) being the previous low around the $1.604 mark. The RSI is moderately neutral at 54.42, suggesting there’s room for a move in either direction. The MACD is close to the signal line but slightly above, indicating potential for bullish momentum. As the price approaches the apex of the triangle, a breakout in either direction could signify the next strong move. A break above the triangle could target R2, while a breakdown below could see a move towards S2. Trading strategies might include waiting for a confirmed breakout with volume for direction.
by MarsSignals
3
Real World Assets (RWA) : The Future of Finance or Hype !?The cryptocurrency market has evolved significantly over the past decade, moving beyond its initial focus on digital currencies to encompass a broader range of assets, including real-world assets (RWAs). RWAs represent tangible assets such as real estate, commodities, and financial instruments that are tokenized and traded on the blockchain. The integration of RWAs into the crypto ecosystem offers a multitude of benefits, including: Enhanced Access to Financial Markets: RWAs democratize access to traditional financial markets, enabling individuals and institutions to participate in asset classes that were previously inaccessible or illiquid. Increased Transparency and Efficiency: Blockchain technology provides a transparent and immutable record of asset ownership and transactions, reducing counterparty risk and improving operational efficiency. Fractional Ownership and Reduced Investment Barriers: Tokenization of RWAs allows for fractional ownership, lowering investment barriers and enabling broader participation in asset classes that were traditionally reserved for high-net-worth individuals. Diversification and Risk Mitigation: RWAs introduce diversification opportunities into crypto portfolios, potentially reducing overall portfolio risk and enhancing risk-adjusted returns. Top 5 RWA Coins with Promising Potential: LINK: Chainlink (LINK) is a decentralized oracle network that connects blockchains to real-world data and services. It plays a crucial role in bridging the gap between the crypto and traditional worlds, enabling the development of RWA-based applications. Technical Analysis: LINK's weekly chart exhibits a massive range consolidation pattern, suggesting a period of accumulation. A recent liquidity sweep below the range followed by a surge in price indicates a potential breakout. The current price action near the $12 support level could trigger another upward move. PENDLE: Pendle (PENDLE) is a decentralized finance (DeFi) protocol that enables users to create customized fixed-rate or yield-bearing tokens for any asset. It facilitates the creation of RWA-based derivatives, expanding the range of investment options available in the crypto space. Technical Analysis: PENDLE's daily chart showcases an ascending channel pattern with a recent breakout and retest of the upper trendline. This bullish pattern, combined with the coin's relatively new status in the market, suggests strong upside potential. A price target of $12 appears achievable. MKR: Maker (MKR) is the governance token of the MakerDAO decentralized stablecoin platform. It plays a central role in maintaining the stability of the DAI stablecoin, which is often used as a collateral for RWA-backed loans. Technical Analysis: MKR's daily chart displays a liquidity sweep below the 1800-1900 support range followed by a surge to $3400. The recent pullback and retest of the 0.5 daily imbalance level at $2500 presents an opportunity for a potential rally to $5000, aiming to fill the imbalance gap. SNX: Synthetix (SNX) is a DeFi protocol that enables the creation of synthetic assets, including those pegged to RWAs. It offers a decentralized alternative to traditional asset trading, expanding access to a wider range of assets. Technical Analysis: SNX's weekly chart exhibits a large triangle pattern, indicating a period of price consolidation and building tension. The recent breakout and retest of the trendline signal a bullish trend. A price target of $7 appears feasible if the trendline support holds. ONDO: Ondo Finance (ONDO) is a DeFi protocol that focuses on structured products and options trading. It utilizes real-world market data to create innovative financial instruments, enabling users to hedge against risks and speculate on market movements. Technical Analysis: ONDO's daily chart displays an ascending trend with consistent retests and positive momentum. The coin's ability to efficiently utilize liquidity is evident in its price action. Continued accumulation of liquidity could propel ONDO to new highs. Conclusion: Real-world assets (RWAs) are poised to revolutionize the cryptocurrency market, introducing new investment opportunities, enhancing financial inclusion, and bridging the gap between traditional and decentralized finance. The top 5 RWA coins discussed in this article – LINK, PENDLE, MKR, SNX, and ONDO – represent promising projects with the potential to shape the future of RWAs in the crypto ecosystem. As the adoption of RWAs continues to grow, these coins are well-positioned to capture significant value in the evolving financial landscape.
Long
by Yaroslav_Krasko
PENDLE/USDT Keep an eye on the demand and support area!💎 Paradisers, the recent market dynamics surrounding #PENDLE have indeed been noteworthy. 💎 Experiencing rejection once more at the strong resistance area, PENDLE has retraced back downward, potentially targeting the demand zone between 5.16 and 4.67. 💎 If PENDLE reaches the demand zone, it will be crucial for it to bounce back and attempt to break above the resistance trendline to resume its upward trajectory and test our target strong resistance area. 💎 However, if PENDLE fails to find support at the demand area and even breaks below it, the next likely target will be the key support area. This area presents a favorable buying opportunity for PENDLE, as a bounce from this zone could signal a continuation of the bullish movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
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 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/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