CTRL+ALT+DELETEIts time to put the power back in the peoples hands.
#BUY #BUY #BUY
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PENDLEWETH_DBAEB7.USD trade ideas
PENDLE "most active in Russia" Pendle is most active in Russia at 20%. Data from crunchbase powered by semrush.
Pendle is looking to launch to $28Undoubtedly one of the winners of the cycle.
Already done hundred's of X's
YET
consolidating near it's high's in a #HVF continuation pattern @TheCryptoSniper
With the larger projection over a 4X from here.
Bidding Pendle BreakoutIt seems like our favourite (is this how you spell it) RWA coin is attempting a breakout again.
I had initially planned to wait for the 4th test on resistance. However after waiting a few more days it looks like Pendle is ready to run this time.
There has been significant accumulation throughout the 2 month range that Pendle was in, albeit in the later stages of the range.
Betting on the breakout.
Mission accomplished! Now watch Pendle shoot for the moon...As expected, the last leg of correction in Bitcoin drove Pendle to the Fib it missed on the way up. Expect the remainder of this week to be a bit wobbly and unpredictable and then watch Pendle shoot for the moon in the months ahead!
Pendle and the missing Fib - potential for a 30% correctionI like Fibs. Especially in crypto. Wherever I see a well-defined and significant run up or run down in the historic price action I draw some basic extension Fibs (yes, sometimes upside down as well - I don't care...). Then I check whether these Fibs have historically been, and are being, acknowledged. If so, then that set of Fibs is what I use for trading.
As I need some historic price action to feel comfortable, I'm not particularly interested in new crypto's and, as usual, I made it to Pendle well and truly late for the party (little green arrow shows where I finally got in). But what saw I liked. Pendle responds really well to one particular set of Fibs that are the upside down extension Fibs of the original run down from late-2021 to mid-2022 (see weekly linked chart of Pendle's full price history below).
All the Fibs from this set that the price action has encountered during its meteoric rise have been properly acknowledged - except for one... After duly acknowledging the 1, the 1.618, and the 2.618 fibs (white circles), the Pendle price action completely ignored the 4.236 fib in late March (orange circle)! This took me by surprise as I clocked out and cashed in my chips at that level (red arrows). Damn!
Needless to say, the next fib on the list, i.e. the 6.857 fib, is where the price stopped. Now, you can call me superstitious, but I believe that there's NO WAY that Pendle can keep going up without first coming down. :)
Bitcoin is still on a sideways wobble and I'm expecting it to correct just that little bit more before the deck is cleared for a further run up. If so, then I expect this to be the perfect opportunity for Pendle to do what it is supposed to do and come down to recognise the 4.236 fib in this set! A proper acknowledgement would be a spike down and a weekly (or at least a clear daily) close on or near this fib level.
PENDLEUSD Strong Buy Signal. Target $12.Pendle (PENDLEUSD) is on a short-term pull-back after the 1D RSI got overbought above 70.00. This is consistent with all previous times the RSI got that overbought but against common sentiment, which would suggest exhaustion of the bullish trend, that was a signal to buy halfway through the Bullish Leg.
As you can see on the two Legs before, that signal emerged at around 50% of the uptrend. As a result, we expect at least $12.000 before the next consolidation.
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channelit moves exactly according to the channel and now the best shopping position is on the floor of the channel
PENDLEUSD: Strong buy opportunity at the bottom of the ChannelPENDLEUSD is attempting to get detached from the 1D MA50, located at the bottom of the 8 month Channel Up. The 1D MACD is in the process of forming a Bullish Cross, while the overal timeframe is neutral technically (RSI = 50.567, MACD = 0.003, ADX = 41.833) indicating strong upside potential.
As long as this holds, we are expecting this to be the start of the new HH leg. We're long aiming at at least a +400% rise (TP = 3.4000).
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Pendle listed on Binance - Buy, hold, sell?Pendle has been the best performer during the bear and early bull markets. TVL has grown and gained much traction as it offers an interesting product. However, is the current valuation reasonable? Its current Mcap is at 112M, and the circulating supply is about 42%.
At its recent peak, PENDLE was up 5000% from its ATL and still hasn't surpassed its ATH. Don't be fooled by the prices shown here on Tradivingview, as its actual ATH was closer to 2.5$, and the 1.4-2.5$ region was the area it first started trading in May 2021.
Usually, most listings on Binance tend to fall sharply, but will Pendle fall? What makes a listing top once listed on it? Well, usually, whales find the opportunity to offload their assets once a token gets on the platform, as that provides enough liquidity for them to exit.
In bull markets, listings create excitement and fuel the price higher, while in bear markets, they tend to do nothing. If we are in a bull market, then it's possible that the listing won't mark the top, especially because we are in an early bull market.
Binance isn't as strong as it once was, and there is a lot of FUD around the exchange; however, it remains the largest and most important. What's more important for Pendle is that it has almost reached its previous ATHs in USD terms and new ATHs in BTC terms. That means that it is fairly expensive, despite the adoption it has seen.
Personally, I wouldn't short here, but I wouldn't immediately buy either. I would wait for the market to cool down a little bit and then step in. As you can see below, the first relatively large exchange that listed it and that is also available on TradingviewPendle was MEXC. The listing came in Sep 2021, and the market surpassed those highs but is now back below them.
Since its most recent breakout, the market rallied more than 150%, and before that breakout, I wanted to talk about it but totally forgot about it. Today the market spiked and is already down 30%, yet it's still above the level from which trading opened today. The current price action looks like a blow-off top, and that's why there is no reason to chase anything here. I expect some consolidation here, and the market might have another leg up once the consolidation is over. Usually, when an asset goes back near its ATHs in USD and BTC so early in the bull market, it tends to go much higher. This momentum is hard to stop, but that doesn't mean the rally will come immediately after such a volatile day. In my opinion, 0.95-1.05$ are good levels to add longs and aim at least for the ATHs around 2.2-2.5$ as the next target.
head and shoulders & ichimoukoPendle is front and centre in the #LSD narrative with #ETH #Shanghai occurring shortly. Just look at the rise above resistance!
PENDLE is lifting off ($PENDLE)Pendle is front and centre in the #LSD narrative with #ETH #Shanghai occurring shortly. Just look at the rise above resistance!
DYOR - not financial advice
