Technical Analysis: PENDLE/USDT (3D)
Date: May 19, 2025
Current Price: $4.014
24h Variation: -2.22%
Technical Indicators:
Bollinger Bands:
Upper Line: $4.231 (current resistance)
Middle Line (MB – Golden Line): $3.326 (key support level)
Lower Line: $2.421
RSI(6): 66.91
Close to the overbought zone, indicating that a correction may occur soon.
Stoch RSI: 84.33
At a high level, also signals overbought region – beware of pullbacks.
Volume: Stable, but without strong recent buying pressure.
Point of Interest: Golden Line
The Golden Line is at the middle line of the Bollinger Bands ($3.326) – which also coincides with the previous consolidation area. An excellent buying point in spot if the price returns to this range with confirmation of support.
Swing Trade / Spot Buy:
Ideal Entry: $3.30 ~ $3.40 (Golden Line zone)
Target (TP): $4.20 ~ $4.35
Stop Loss: ~5% below entry ($3.15 approx.)
Personal Tip:
PENDLE is in a clear uptrend, but at the moment is stretched close to the upper band resistance. For those seeking safety, I recommend waiting for a pullback to the Golden Line (Bollinger MB) before entering the swing or accumulating in spot. If it breaks $4.35 with volume, it could seek new highs.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) and use risk management.
