pendelThe green box is an important support, if it is supported, the high numbers are considered as resistance
PENDLEUSDT.P trade ideas
PENDLEUSDT.PPENDLEUSDT.P is in bullish trend.
Bearish divergence also shown in RSI.
We wait for the confirmation of reverssal.
If price go down and break last HL.
Then we will execute trade.
PENDLE Long Position (Descending Wedge Formation)Market Context: PENDLE is forming a descending wedge, presenting a strong opportunity to dollar-cost average (DCA) into a spot long position. The setup focuses on key resistance and support levels.
Trade Setup:
Entry: Long trade around $2.50 to $3.00.
Take Profit:
First target: $3.80
Second target: $4.60
Third target: $5.50
Stop Loss: Close below $2.40.
📊 This trade leverages the potential breakout of the descending wedge, with DCA allowing for better risk management and positioning. #PENDLE #CryptoTrading #WedgeFormation
PENDLE. 3.25. LONGThe token is at a key level. The buyer holds the price. There is a large accumulation and a breakout base, which can give a good impulse to long.
Strategic Buy Setup for Pendle (PENDLE) CryptoDescription:
Unlock the potential of Pendle (PENDLE) with this detailed guide focused on fundamental analysis to help you make informed buy decisions on TradingView. Whether you're a seasoned trader or new to the crypto market, understanding the key factors driving Pendle can give you an edge.
Fundamentals Overview:
DeFi Integration: Pendle is at the forefront of decentralized finance (DeFi), enabling users to trade and hedge future yield. Its innovative approach to tokenized yield positions makes it a unique asset in the DeFi ecosystem.
Market Adoption: The success of Pendle is closely tied to the adoption of DeFi protocols and the overall growth of the DeFi market. Watch for partnerships, platform upgrades, and integration with other DeFi projects, which can drive demand and increase the value of PENDLE.
Tokenomics: The supply dynamics of Pendle, including its issuance rate, staking rewards, and burn mechanisms, play a crucial role in its price movement. Understanding these factors can provide insight into potential price appreciation.
Regulatory Environment: Keep an eye on global regulatory developments that may impact the broader crypto market. Changes in regulation can significantly influence investor sentiment and liquidity in the Pendle market.
Disclaimer:
Trading cryptocurrencies like Pendle (PENDLE) carries a high level of risk and may not be suitable for all investors. Cryptocurrency markets are highly volatile, and prices can fluctuate widely in a short period. Before making any trading decisions, ensure you have fully understood the risks involved and are comfortable with the potential for loss. It is recommended to consult with a financial advisor and conduct thorough research. Past performance is not indicative of future results, and you should only invest what you are willing to lose.
PENDLE BUY The coin is seeing strong volumes, and the growth is coming from accumulation. I’ve shown my detailed view of the situation on the chart.
LONG POSITION PENDLE/USDTwe can enter the LONG position at the specified entry points.
It is clear that risk management is followed
PENDLEUSDT is on critical Levels to Watch!Yello, Paradisers! Are you ready to uncover the potential major moves in #PENDLEUSDT? Let's break it down!
💎#PENDLE has successfully reclaimed the demand area, signaling good momentum. We anticipate a test at the 2.318 demand level, which could trigger a rebound and continue the upward movement. If this scenario plays out, we could see a significant rise in price as it tests the strong resistance area.
💎However, if PENDLE fails to rebound and breaks below the demand area again, it may drop to the strong demand zone around 1.58. This area could attract large orders, sparking a strong bullish reversal and a subsequent breakout above resistance. But beware, if PENDLE hits this strong demand and remains sideways, it could be a bad sign.
💎Bullish invalidation occurs if PENDLE breaks key support and closes daily below strong demand. In this case, the price is likely to head further downward and dip.
Discipline and patience are crucial in navigating these potential market shifts.
MyCryptoParadise
iFeel the success🌴
Simple SwingTrade in PENDLEConsidering an analysis setup using slow stochastic, there is a pattern of the white line falling below 20, rising above 20 without exceeding 50, and falling below 20 again, and subsequently the lines cross between them. and the price rises possibly to the previous top together with EMA 14.
leveraged on 20X
Entry: 3,779
SL: 3,563
Target: 4,730 --> 500%
PENDLEUSDT.1DAnalyzing the PENDLE/USDT chart reveals several technical aspects that offer insights into the current and potential future market movements for Pendle trading against USDT. Here's a detailed breakdown of the chart:
Current Price Action:
PENDLE is currently priced at $3.924 after a significant downward movement indicated by the day's high and low. The broader view shows a volatile market with fluctuating highs and lows, creating opportunities for both short and long positions.
Key Levels on the Chart:
Support Levels:
S1 at $3.221: This level acts as the nearest support, where buyers historically stepped in to push the price upward. It is crucial to watch this level as a breach below could lead to testing lower supports.
Resistance Levels:
R1 at $5.431: This level is marked as the first significant resistance where the price has previously faced selling pressure.
R2 at $6.994: Representing a more robust resistance level, approaching this would indicate a strong bullish momentum.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, suggesting bearish momentum. The increasing distance and the negative histogram values reinforce this bearish outlook.
RSI (Relative Strength Index): The RSI value at 46.66 suggests a neutral to slightly bearish market sentiment. It’s not yet in the oversold region, which would indicate a potential turnaround.
Technical Analysis and Trading Strategy:
Given the current chart patterns and indicators, the trading strategy would focus on cautious engagement:
Buying Strategy: Consider entering long positions if the price stabilizes or bounces strongly off the S1 support at $3.221, with an upward target of R1 at $5.431. Setting a stop-loss slightly below S1 can help mitigate potential losses if the downtrend continues.
Selling Strategy: If PENDLE fails to hold the S1 support, or if it approaches R1 without sufficient volume and momentum, consider taking short positions or exiting longs. This strategy would capitalize on resistance rejections or breakdowns below support levels.
Risk Management: Due to the volatility seen in the price action, maintaining strict risk management protocols, including stop-losses and position sizing appropriate to the volatility level, is crucial.
Conclusion:
The market conditions for PENDLE/USDT suggest a bearish short-term outlook but with potential for rebounds at key support levels. Traders should remain vigilant for any signs of a reversal at support levels or a continuation of the bearish trend. Close monitoring of volume changes and further developments in MACD and RSI readings will be essential to adjusting trading strategies accordingly.
#Pendle 1D chartSEED_DONKEYDAN_MARKET_CAP:PENDLE 1D chart;
It accepts the trend line extending from October 2023 to the present as a balance and continues to rise.
We can see an upward movement after the squeeze with the falling trend line.
There is a ratio of 112% between the harmonic structure it has created and the target zone.
#Pendle 1D chartSEED_DONKEYDAN_MARKET_CAP:PENDLE 1D chart;
It accepts the trend line extending from October 2023 to the present as a balance and continues to rise.
We can see an upward movement after the squeeze with the falling trend line.
There is a ratio of 112% between the harmonic structure it has created and the target zone.
PENDLE, 4.3633, SHORTThe token does not feel confident beyond its key level. There are constant sales and a confident decrease in prices. There is good accumulation above the level; the volume of orders can provoke a primary impulse when the key level is broken down. The token looks extremely short.
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 🎯
Pendle A good token, I've been keeping it in my portfolio for a long time, now I'm sharing my goals with you!
Alikze »» PENDLE | Triangle corner pattern🔍 Technical analysis: Triangle corner pattern
- According to the analysis presented in the previous post, after the inability to break the supply zone, it faced a correction and fell to the green box, which is currently a resistance to continue the path.
- Currently, a corner pattern is formed in the daily time frame.
- But now it can have two paths.
💎 First scenario : after a dynamic trigger retest, this failure can occur from the bottom and continue until the origin of the movement of the 3.90 correction range.
💎 The second or alternative scenario : if it can break the supply zone with buying pressure and retest the upper supply zone after hitting the dynamic trigger with a pullback to the supply zone.
🛑 Resistance range: 5.07 - 5.46
🟩 Support range: 3.90
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Urgent Update on PendleUSDT: Critical Support Levels and BullishYello, Paradisers! Have you been watching #PendleUSDT closely? If not, you might want to start now! The current market action is setting up for a potentially explosive move, and you don't want to miss it.
💎#PendleUSDT is currently oscillating between its swing low and swing high, respecting its established range. The key support zone lies between $4.33 and $4.11. There's a strong probability that the price will dip into this support zone before testing the resistance at $5.74 to $6.07.
💎PendleUSDT has successfully formed a bullish bat pattern, signaling a bullish probability. However, the D leg of the XABCD pattern has yet to be completed. This leg aligns with our support zone, reinforcing the potential probability for a bounce from this level.
💎The Relative Strength Index (RSI) is currently at 38.7, suggesting there's room for the price to move down to the oversold area of 28-30. This would be a positive sign for completing the D leg of the bullish bat pattern.
💎If the daily candle closes below $3.766, the bullish bat pattern will be invalidated as it would break the X leg.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
PENDLE PricePENDLE price has noted symmetrical triangle pattern breakdown and is heading toward the 200 day EMA make or break zone. The breakdown happened with a strong addition in volumes signifying the seller dominance.
PENDLE target 8.9712h time frame
-
TP: $8.97
SL: $4.49
RR: 8.76
-
(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
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.
PENDLE PriceThe PENDLE token implies the higher high swings and follow on buying activity this week. Moreover, the token has reached the upward trajectory and sails with the bullish wave.
Pendle - scalp setupGoing to try this short here on Pendle, Pendle looks good but the daily supply should hold on the lower time frame and therefore shorting this here with support from the bearish RSI divergence. Used small size here.
