Pendle/usdt channel broke pendle formed channel for over 37Days clean break down channel and retest channel healthy correction to 2.2$ zone for next leg
PENDLEUSDT trade ideas
Pendle wicked to targetPendle wicked to my downside price target and had a VERY strong bullish engulfing candle. I expect the token to either meander sideways and up or make its way back to the previous channel. I remain very bullish on this token and ecosystem of yield bearing real assets such as ETH.
-In short order back to 3$, possibly 3.4 if the channel is retaken.
Pendle hit price zonePendle corrected into my price target zone, this is the greatest selloff the token has seen since inception. 2.4$ is still possible but this token tends to be very strong and might not go much lower here. That red candles dipping close to the green fib is pretty bullish to be honest. Stochastic looks to be resetting. I expect another consolidation phase here between 2.4 - 2.8 and a rocket launch like we saw last time which started this previous channel.
-now is a decent time to average in if you have been side lined imo.
pendle, double support (Intraday Setup)Pendle reach horizontal support and also channel up support level.
we can buy pendle right now and aim for 18% profit projection at 3.3598
If this support broken, we can use martingale at 2.5472 to re enter the market
Good Luck
Pendle finally breaks downPendle has finally broken down out of the channel to the downside. The token held on much longer than I thought it would. People are likely rotating these huge profits into safety (stables, eth, btc). A test of the golden fib would be our first area of inflection here. This could also just be a quick leveraged washout that goes right back into the channel. I believe we see a logical slow correction between 2.4-2.8$ here.
PENDLEUSDTIs PENDLEUSDT exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 2.5.
What you guys think of it?
Pendle going parabolic?Pendle is continuing his momentum trending up towards 5$ as a possible potential target.
we need to follow the trend is persist to create new higher highs!
good trading.
Pendle channel remainsThe pendle momentum remains strong. I havent sold any of my position which has a basis around 70 cents. I did expect a washout last week but the narrative and ecosystem is too hot. If this stochastic continues to oscillate without major dumps the channel may continue to ride to 4.5-5$ in the coming weeks. I remain bullish with my first sell slated at 10$. These are the types of projects that go to billions market cap wise.
Pendle - Short Idea, after breaking down OBV I am short on this one as stop loss is pretty close, hence couldn't resist. It broke down on the Bullish structure on OBV.
Pendle defys marketPEndle has greatly exceeded my expectations, I am up a clear 5x at this point but not willing to sell anything just yet. I did expect a correction on the top of this channel but I believe the token had a short squeeze. This is my #1 pick for the arbitrum ecosystem and with good reason. If this OBV trend continues the token will continue to climb. If you are trading this beast I would keep an eye on a downside break as that could indicate a momentum shift.
Pendle - one of the strongest coin, 445% profit in weeksPendle is one of the stronger coins currently on the crypto market. We can see that we have had a pretty long consolidation where whales were accumulating coins. Of course they want to make money, so they sent the coin to the upside. We can see that the uptrend is starting to be parabolic, which is very good because you can make a lot of money in a short period of time. My profit target is the 2.618 FIB extension, which is 445% profit from the current price if you buy the coin right now.
About Pendle - Pendle is a protocol that enables the tokenization and trading of future yield. With the creation of a novel AMM that supports assets with time decay, Pendle gives users more control over future yield by providing optionality and opportunities for its utilization.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
PENDLEUSDT.PPENDLEUSDT.P is in bearish trend.
Potentially printing LH and LL.
Sellers are storngly active
No sign of reversal.
Pendle loses steamPendle is one of my favorite tokens in the Arbitrum ecosystem. I have been covering since about 60 cents and am heavily invested myself. I believe this momentum is about to break and we are looking at a reversal to the downside. The long wicked Doji candle is a sign of reversal as well as another tap on the upward portion of the medium term channel. I would be we hit the price target on the red dashed line 2.45$ at this point. It is possible we get another run for 3$ but it looks to have been resisted.
PENDLE IF BROKEN THE ATH this token will be TRBAs we can see in the graph the token is getting closer to its ath in 2021,we will see if he will break his ath or not, for a bull event.
But before that there will be a build-up which can last for weeks.
So we will see how it will behave over time.
all this is my vision you must do analyzes before starting trading.
Play safe and love and peacy
$BEARISH ON PENDLE (SHORT TERM)1. Price has hit institutional Price level of 2.95880
2. We have market structure shift to bearish after hitting the critical price level.
3. We have our entry at entry orderblock.
4. We have our draw on liquidity at the old low/target 1 and below the 0.5 discount fib level.
bearish rising wedge StructureA rising wedge consists of two trendlines that are slanting upwards, forming a converging pattern.
The upper trendline (resistance line) connects the higher highs, and the lower trendline (support line) connects the higher lows.
Despite the rising price trend, the formation of a rising wedge suggests weakening momentum.
Traders interpret the pattern as a potential reversal signal, indicating that the bullish trend may be losing strength.
Wait for the breakout. Good Luck Traders
Pendle hit targetPendle hit my first target, I expect a little more pump, and then some consolidation here. I am happy I have been patient with this one, its becoming one of the larger holdings in the portfolio. There is a very nice contraction of the stochastic RSI here and the token might really surprise me in the coming days. I think we see 3$ soon and then hopefully a healthy correction for a continued long-term momentum setup.
PENDLE - pendle coin Breaking up!Pendle coin is breaking a 0.9$ Barrier, but with low volumes.a good signal is above the 1$ psyco level, if volumes will sustain the growth.
Possible potential target are 1.8$ and 1.99$ levels!
Good trading
PENDLE momentum up!Pendle has broke the 1.35$ resistance level. it appears to go ahead leading a new good wave of bullish momentum.
potential possible targets are 2$ and 2.6$ dollars.
Good trading
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
Pendle huge bouncePendle is still grasping for my 2.71$ target despite the recent harsh altcoin pullback. Be careful even though this token is hot I still believe we get a dead cat bounce on Bitcoin in the next 30-45 days. BTC looks to reach 32-36k most likely before new all-time-highs.
That said this is a typical momentum play, my favorite kind of token to buy into, I am never afraid to buy into price discovery on such strong narratives.
Pendle one of the strongestPendle has had the biggest bounces after these bloody downmoves when compared to the rest of the market. This longer-term minded project benefits investors with a higher time horizon as you can purchase assets at a discount long-term. These bond-like assets grow to maturity much like treasuries. This is why I am so bullish on the project, as important metrics like useage and TVL increase, I still expect 8-10$ this year. We might have a multi week phase of boring price action due to this alt correction, but still one of my bigger bets this year.
