Trade Idea:
BINANCE:PENDLEUSDT is currently in an ascending channel on the daily chart and is at its support level. I've also marked (red arrows) previous instances where the stochastic was oversold while Pendle was at the channel's support. This is a trade I would consider taking now, with a stop loss slightly below $4.78.
For targets:
Conservative...
For an aggressive trader, you can buy now and place your stop at $5848, which is a safe zone because if the market falls below this price, the bull market would also be invalidated. My target would be $6193, which is the last leg plotted at the bottom of the pivot. To support this position, we observe that the SPX has pulled back to the 0.5 Fibonacci zone and the...
After the breakthrough of the rectangle formed between $3,200 and $3,030, Ethereum has stopped the short sellers in the market. The next goal is the breakthrough of $3,370. This resistance could be harder to overcome than expected, but I believe the strongest resistance is around $3,550. Why do I believe this? This area is very magnetic in both bull and bear...
After the breakthrough of the symmetrical triangle at $90,143, the next step for the price is $103,000. This value should be achieved in a very short period of time because the bull run is very strong now. As seen in the chart, the pullback barely touched the 0.382 Fibonacci retracement.
