PENDLEUSDT SHORTThis currency has broken its upward structure in the weekly time frame and its pullback is complete, now we can expect a movement according to the picture. Reaching the second target can take time
PENDLEUSDT trade ideas
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
PENDLEUSDT.PPENDLEUSDT.P is in reversal zone.
Bearish divergence also shown in RSI.
We wait for more confirmation.
We wait and watch for the breakout of last HL.
PENDLEUSDT (PENDLE) Updated till 22-09-24PENDLEUSDT (PENDLE) Daily timeframe range. PA is very close to 4.657 a little bit push can take it there. there are not much of hold up here depends on selling pressure. to continue its move it needs to stay above 3.189.
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
pendelThe green box is an important support, if it is supported, the high numbers are considered as resistance
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 🎯
