Penguins Can’t Fly, But This Chart Might If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
The move off the low looks like a clean, completed impulse wave sharp, decisive, and showing solid structure. After that, we had a double ZZ retracement. While it was a bit deeper than the textbook ideal, it still fits perfectly within the normal range you’d expect for a healthy correction. Now, we’re seeing another smaller-degree impulse forming from the .007 pivot, suggesting that the market is gaining momentum again.
Here’s what we’re watching closely:
The secondary impulse off .007 continues to build structure.
We want to see a pullback after impulse completion that ideally holds above the .011 region, showing the market respects previous support and AOIs.
The structure of this potential pullback needs to be corrective rather than impulsive to confirm bullish continuation.
A clean move above prior swing highs would confirm that the larger wave 3 or C is underway.
Overall, this chart is ticking the boxes for a potential larger upside push if the market respects key levels and continues to print impulsive structure higher.
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PENGUUSD
PENGUUSDT - strong signal to buy!PENGU is giving a very strong buy signal on the 3-day timeframe.
The main trend has been bearish for almost a full year, and this is the first time the coin shows a solid signal of a trend reversal — the red trendline has been broken, and the previous high (marked on the chart) has been taken out.
Breaking the trendline with a massive green candle is a strong confirmation for buyers' momentum in this area.
Taking out the high indicates a shift from a downtrend to an uptrend.
It’s crucial that the blue line (the broken high) does not get lost to the downside.
Best regards Ceciliones 🎯
Is now the perfect time to trade Pengu’s 0.040$ gain?Hello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Pengu , 📚💡
At present, the market is experiencing a period of consolidation, characterized by a range-bound structure and a general downward trend. As such, it is entirely normal for the price to form red candles, particularly as it approaches our critical support level. This behavior aligns with the current market conditions. 📚💡
Once this support is tested and held, we expect the price to reverse course, potentially seeing an upward surge of up to 40%. Such a move would bring the price to approximately $0.040, signaling a strong recovery and growth potential. This scenario suggests a favorable opportunity for those looking to enter the market at these levels. 📚✨
🧨 Our team's main opinion is: 🧨
The market is currently range-bound and slightly bearish, with red candles expected as it approaches key support. Once support holds, we anticipate a potential 40% rise, reaching $0.040.
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Pudgy Penguins Best Level to BUY/HOLD 300%+ gains🔸Hello guys, today let's review 2h price chart for PENGU . Currently locked inside trading range expecting more range bound price action before accumulation completes later and we get another strong bull run.
🔸Ongoing accumulation in progress indicates further gains later this month. currently trading near range highs so no trades recommended at the market price.
🔸Recommended strategy bulls: bullish structure accumulation in progress. Accumulate near 0.025, TP bulls is +300%+ gains, final exit at 10 cents. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
PENGU is a chosen one.PENGU energizes the Pudgy Penguins community by promoting teamwork, encouraging active involvement, and backing creative projects within the ecosystem. It enhances liquidity and streamlines transactions, ensuring the project remains competitive in the bustling blockchain arena.
Conclusion
The introduction of PENGU on Solana represents a pivotal moment for Pudgy Penguins, showcasing its dedication to expansion and innovation. This token acts as a connector between the project and its community, nurturing stronger connections and paving the way for a thriving ecosystem.