pendleusdtSupport and press the rocket to cheer me up
Observe the ten percent loss limit
Stay away from Bitcoins
Feel free to buy and sell and post your comments
PENDLEUSDT.P trade ideas
Pendle breaks consolidationPendle 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 price discovery its hard to say how high we go, last breakout was a huge move over several weeks.
Pendle 1 month before liftoffPendle 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 in demandPendle 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.
Pendle consolidation #2Pendle 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 correction and flushes in the future (this is why I dont use leverage)
PENDLE/USDT Critical area. Breakout or Breakdown the support ??💎 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 area.
💎 Conversely, if PENDLE breaks down below the support pattern, it may signal a switch to a bearish trend. In such a scenario, the price could decline towards the Bullish OB area or even reach the support area.
💎 PENDLE must bounce at the support level to maintain the current upward movement. Failure to bounce could result in continued downward movement, potentially leading to further declines.
Pendle Followed Perfectly Our Path. Now Ready For Trade ## 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 yield** of various DeFi assets.
* Offers **optionality** for yield strategies, allowing users to hedge or speculate on future returns.
* **Automated Market Maker (AMM):** Designed specifically for assets with time decay (like future yield).
**Recent News:**
* **No significant recent news found specifically for PENDLE.** However, the broader DeFi space is experiencing ongoing developments, which can indirectly impact PENDLE.
**Disclaimer:**
* This information is for educational purposes only and should not be considered financial advice.
* Cryptocurrency investments are highly volatile and carry significant risks.
* Do your own research before making any investment decisions.
**Additional Notes:**
* PENDLE price has been volatile recently, reflecting broader market trends and the inherent volatility of yield-focused projects.
* While the concept of trading future yield is innovative, PENDLE is still a relatively new project with evolving technology.
* It's crucial to be aware of the high risks involved before investing in PENDLE or any other cryptocurrency.
I hope this information is helpful! Please let me know if you have any other questions.
PENDLE - Is there a trade opportunity here ? #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.
+ This presents a favorable opportunity to initiate a SHORT trade.
+ While significant profits may not be attainable in this trade, given the potential for price rebound from one of the support levels, it still represents a respectable opportunity.
+ I anticipate a price rebound after reaching the support range around 2.6.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 2.9762
Stop Loss: 3.44
------------------------------
Target 1: 2.827
Target 2: 2.6256
Target 3: 2.4415
Target 4: 2.2552
Target 5: 2.124
Target 6: 1.999
Target 7: 1.619
------------------------------
Timeframe:1D
Capital: 1-2% of trading capital
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
Pendle Jinny Gann Levels/Gann StarHello 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/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
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.
