Technical Analysis: PENDLE/USDT (3D Chart)
Date: May 19, 2025
Current Price: $4.014
24h Change: -2.22%
Key Indicators:
Bollinger Bands:
Upper Band: $4.231 (resistance)
Middle Band (MB – Golden Line): $3.326 (key support)
Lower Band: $2.421
RSI(6): 66.91
Approaching overbought territory – possible short-term pullback.
Stochastic RSI: 84.33
Also in the overbought zone – caution advised.
Volume: Stable, but lacking strong buying momentum for now.
Golden Line Focus:
The Golden Line sits at the middle Bollinger Band ($3.326) – a key confluence support zone. Ideal for spot accumulation or swing trade entries if the price pulls back and confirms support.
Swing Trade / Spot Strategy:
Entry Zone: $3.30 – $3.40 (Golden Line area)
Take Profit (TP): $4.20 – $4.35
Stop Loss (SL): 5% below entry ($3.15)
Personal Tip:
PENDLE is in a strong uptrend, but current levels are extended near the upper Bollinger Band. I suggest waiting for a dip toward the middle band ($3.33 area) for a safer swing entry or spot buy. If it breaks above $4.35 with strong volume, it could target new highs.
Disclaimer:
This post is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) and apply proper risk management.
