PENDLEUSDT trade ideas
Pendle Trading High: Not Our Type Of Chart Setup, Let Me ExplainI tell you what right away, I don't think the bull-market bullish wave can develop from this point, because it is too high up. I think it more likely that it either goes on correction right away together with the bigger ones, or grow some toward its June/May price levels and then a strong drop.
Looking at it a little closer, this bullish wave might have peaked. This looks like an inverted correction and it hits the 0.618 retracement fib.
Anyway, this is not one of our choices we like those trading at bottom prices with clear reversal signals as well as a prolonged consolidation phase at the lows. These can be a better choice if you just want to buy and hold.
This type chart setup can still be traded but not with our long-term strategy, it would require a different approach. I still share this to show the differences between the chart setups, for learning, for entertainment, for fun.
Thank you for reading.
I am only writing because of your support.
If it wasn't for you I wouldn't be able to share freely my thoughts.
Thanks a lot for your support.
Namaste.
PENDLEUSDT / M15 / SHORTPENDLEUSDT may come down sides from the BEARISH ORDER BLOCK
Bearish Order Block :- 4.961 AND 4.906
PENDLEUSDT may experience a potential downside move from the identified bearish order block. The price is within the range of 4.961 and 4.906, and based on the analysis, there is a high probability that the price will fall. Traders should observe how the price reacts to this level before taking positions.
Entry Price :- 4.932
Take Profit :- 4.801
Stop Loss :- 5.063
PENLDEUSDT Bullish Head and Shoulders Pattern.PENDLEUSDT Technical analysis update
PENDLE's price is breaking the inverse head and shoulders neckline on the daily chart, with the 100 and 200 EMAs acting as support for the right shoulder. We can expect a potential bullish move in PENDLE
Buy zone : Below $5.00
Stop loss : $4.40
Take Profit 1: $5.48
Take Profit 2: $6.15
Take Profit 3: $8.00
Regards
Hexa
PENDLEUSDT Is a Major Breakout on the Horizon??Yello, Paradisers! Are you watching #PENDLEUSDT closely? A potential breakout could be just around the corner, but is the bullish momentum strong enough to hold? Let's break it down.
💎#PENDLE Currently eyeing an Inverted Head and Shoulders (IHNS) pattern a classic bullish reversal signal. But remember, it's not confirmed until we see a daily candle close above the key resistance. Only then can we anticipate a significant upward movement, with the price potentially testing our target areas.
💎However, if PENDLE gets rejected at this crucial resistance, the odds favor a retracement back to the demand zone around 4.07. This zone could act as a launchpad for another breakout attempt, keeping the bullish scenario alive.
💎On the flip side, things could get tricky if PENDLE fails to hold that demand zone. A breakdown here opens up the possibility of a drop toward the support at 3.575, an area that has been respected several times in the past. With the right shoulder of the IHNS also sitting in this zone, it's possible we could see a rebound, but for the bulls to stay in control, PENDLE needs to reclaim the 4.07 level and push back toward resistance.
💎If the support at 3.575 fails and a daily candle closes below it, this could confirm a lower low, potentially leading to even more downside action. In this case, the bullish setup would be invalidated, and we could see PENDLE dipping further.
If you want to be consistently profitable, you need to be extremely patient and always wait for the best, highest-probability trading opportunities. Stay focused, patient, and disciplined, Paradisers!
MyCryptoParadise
iFeel the success🌴
PENDLE Daily - Bullish CHART PATTERN PENDLE has formed a W-Bottom Chart Pattern in the Daily timeframe, which could signal more upside is coming.
We're also observing very distinctive higher lows and higher highs; a key sign of a bullish market.
The W-Bottom pattern hasn't quite finished playing out, what we now need to see is a successful retest of support at the "neckline" which is currently at $4. What this means in simpler terms, is that the price cannot CLOSE below this, otherwise the pattern is invalidated.
We're also observing a BUY signal in the weekly timeframe; a strong indication that bulls are in control for the near future:
If the pattern holds, the price is likely heading towards the previous local high of $4.7
_______________________________
BINANCE:PENDLEUSDT
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 Slow but sure moves above until explosion? #PENDLE
The developments on SEED_DONKEYDAN_MARKET_CAP:PENDLE have been fantastic. And for the weekend I provide my followers 2 scenarios should be stave above invalidation.
Orange: We're in a wave 4 - like most coins I've posted on today - and moving onto a 5 with a top around $5.
White: It's a nested 1-2 move that will have some explosive price action starting next week around Thursday.
PENDLE LONG AND SJORT TRADE IDEAS.PENDLE/USDT has very clean chart on 4h time frame. I have marked demand zone and smaller supply zone area on the chart as well. I am expecting price to go up from here to grab liquidity from supply zone then came down to the demand zone where i will plan long position.
PENDLEUSDT - Possible AccumulationPENDLEUSDT appears to be in a potential accumulation phase. Recently, we observed a spring characterized by a sharp downward move followed by a quick recovery on high volume and a low volume test.
Price has reached a key resistance level. For the bullish scenario to unfold, we need to see the price overcome this resistance with conviction. A breakout above this level on increasing volume would be a strong indication of buyer strength and could signal the end of the accumulation phase.
wyckoffanalytics.com
#PENDLEUSDT #1D (Bybit) Broadening wedge breakout and retestPENDLE regained 50MA daily support then pulled back to it twice, forming a hammer.
Looks good for bullish continuation towards 200MA resistance, buckle up!
⚡️⚡️ #PENDLE/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (4.0X)
Amount: 5.1%
Current Price:
3.5533
Entry Targets:
1) 3.2645
Take-Profit Targets:
1) 4.2309
Stop Targets:
1) 2.9419
Published By: @Zblaba
SEED_DONKEYDAN_MARKET_CAP:PENDLE BYBIT:PENDLEUSDT.P #DeFi pendle.fi
Risk/Reward= 1:3.0
Expected Profit= +118.4%
Possible Loss= -39.5%
Estimated Gaintime= 1 month
PENDLE long trade idea H1/M15PENDLE has flipped the H1 SR with ramen confluence. If candle closes on the hourly above resistance could be a trade to wait for retrace back into the noodle and get long targeting daily resistance level (ext. liq). Invalidation is losing the noodle to close below. Also mindful of BTC movements as trade will be effected by BTC pa. Monitoring BTC M5 if taking trade.
*A retrace is essential for adequate risk:reward
PENDLE Long Position (Trend Line Breakout)Market Context: PENDLE is breaking out of a significant trend line resistance, setting up for a potential move to new local highs. Additionally, there is a strong narrative surrounding PENDLE with BTC restaking, further fueling bullish sentiment.
Trade Setup:
Entry: Enter a long trade around $3.3 (throwback to broken resistance).
Take Profit:
First target: $4
Second target: $4.6
Stop Loss: Below $2.5
📊 This setup looks promising, focusing on the breakout potential and strong fundamental backing. #PENDLE #Breakout #Crypto
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 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