PENDLE Daily - Bullish CHART PATTERN

15 окт.

PENDLE has formed a W-Bottom Chart Pattern in the Daily timeframe, which could signal more upside is coming.

We're also observing very distinctive higher lows and higher highs; a key sign of a bullish market.
The W-Bottom pattern hasn't quite finished playing out, what we now need to see is a successful retest of support at the "neckline" which is currently at $4. What this means in simpler terms, is that the price cannot CLOSE below this, otherwise the pattern is invalidated.

We're also observing a BUY signal in the weekly timeframe; a strong indication that bulls are in control for the near future:


If the pattern holds, the price is likely heading towards the previous local high of $4.7


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PENDLEUSDT