Pendle looks to be breaking the consolidation zone that I expected to take up to 60 days a bit early here. I am unsure if this is leverage or that fact that the team has been literally killing it lately. Pendle is now on 5 blockchains, they have a trading app, the bond type products and LPs. My two near term targets are marked with dash greens. Since we are in...
Pendle has another month exactly before my projected end of consolidation. I expect the token to skyrocket like it did previously. A lot of this has to do with the structure of locking tokens and the economy. This token is my favorite project on Arbitrum and my long-term targets are still 8-10$. -I expect 4.8$ by the end of April
Pendle has already reached the demand zone, I hope it does not go lower as this could signal a really bad breakdown. -The demand box has already had a wick to the bottom.
Wait for confirmation candle in 4H time frame for short position... wait
Pendle had a 60 day consolidation before last run. After falling out of the channel to the downside, the token has found some footing although volatility is high. - We are more than 50% through this consolidation if this plays out again - This worked VERY well on RNDR for the multi-week setups - This rally would carry us to 5$ plus - Expect a market wide...
💎 PENDLE has recently exhibited notable market dynamics. It is currently resting on the support line of an ascending channel pattern after facing rejection from a local resistance area. However, the indicator tools suggest bearish divergence and weak momentum. 💎 If PENDLE successfully breaks out above the resistance, there is a possibility of reaching our target...
## PENDLE Coin: Short Fundamentals, Recent News, and Disclaimer **Fundamentals:** * **Pendle (PENDLE):** A protocol enabling the **tokenization and trading of future yield**. * **Launched:** August 2021. * **Market Cap:** ~$43 million (as of Feb 28, 2024). * **Rank:** #702 on CoinMarketCap. * **Unique Features:** * Users can **trade the expected future...
#PENDLE/USDT Analysis Description --------------------------------------------------------------- + As depicted in the chart, the price of PENDLE has broken out of the channel after trading within it for approximately a month. + This bearish breakout suggests an imminent phase of price consolidation following a bullish trend that persisted for over a month. +...
Hello Dear Traders, Analysis for Pendle Using Jinny Gann On Chart The Most Important Levels "Horizontal Lines" Works as Support/Resistance . Gann Star For Possible uptrend Vertical Lines marks Important Dates/Reversals.. Trade Wisely ..Important to Trail your profit above every level. Decisions on Candle Close. Best Regards
pendle formed channel for over 37Days clean break down channel and retest channel healthy correction to 2.2$ zone for next leg
Pendle 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$, possibly 3.4 if the channel is retaken.
Pendle corrected into my price target zone, this is the greatest selloff the token has seen since inception. 2.4$ 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...
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 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...
Is 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 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.
The 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...
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.