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Pendleusdtrading

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
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/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
PENDLEUSD: Strong buy opportunity at the bottom of the ChannelPENDLEUSD is attempting to get detached from the 1D MA50, located at the bottom of the 8 month Channel Up. The 1D MACD is in the process of forming a Bullish Cross, while the overal timeframe is neutral technically (RSI = 50.567, MACD = 0.003, ADX = 41.833) indicating strong upside potential. As long as this holds, we are expecting this to be the start of the new HH leg. We're long aiming at at least a +400% rise (TP = 3.4000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:PENDLEUSDLong
by InvestingScope
4