PENDLE - PENDLE/USDT

- USDT (-)

- Real time data - Cryptocompare

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Change:	-
Volume:	-

Low:	-
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Type:	Cryptocurrencies
Ticker:	PENDLEUSDT
ISIN:

PENDLE - PENDLE/USDT - Daily - Technical analysis published on 01/29/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 2.23 USDT

My targets

My analysis

PENDLE - PENDLE/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.23 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

PENDLE - PENDLE/USDT rating 2.57 USDT. On the day, this instrument gained +14.73% and was between 2.21 USDT and 2.58 USDT. This implies that the price is at +16.29% from its lowest and at -0.39% from its highest.

2.21

2.58

2.57

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on PENDLE - PENDLE/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this PENDLE - PENDLE/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	1.03	1.35	1.89	2.57
Change (%)	-59.92%	-47.47%	-26.46%	-
Change	-1.54	-1.22	-0.68	-
Level	Intermediate	Intermediate	Minor	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.01	2.11	2.18	2.28	2.35	2.45	2.52
Camarilla	2.19	2.21	2.22	2.24	2.26	2.27	2.29
Woodie	1.99	2.10	2.16	2.27	2.33	2.44	2.50
Fibonacci	2.11	2.18	2.22	2.28	2.35	2.39	2.45

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.10	1.45	1.88	2.23	2.66	3.01	3.44
Camarilla	2.09	2.16	2.23	2.30	2.37	2.44	2.52
Woodie	1.13	1.47	1.91	2.25	2.69	3.03	3.47
Fibonacci	1.45	1.75	1.94	2.23	2.53	2.72	3.01

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.70	0.85	1.02	1.17	1.34	1.49	1.66
Camarilla	1.10	1.13	1.16	1.19	1.22	1.25	1.28
Woodie	0.71	0.86	1.03	1.18	1.35	1.50	1.67
Fibonacci	0.85	0.97	1.05	1.17	1.29	1.37	1.49

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	66.28
MACD (12,26,9):	0.2600
Directional Movement:	20.87
AROON (14):	78.57
DEMA (21):	2.41
Parabolic SAR (0,02-0,02-0,2):	2.59
Elder Ray (13):	0.17
Super Trend (3,10):	1.71
Zig ZAG (10):	2.57
VORTEX (21):	1.1900
Stochastique (14,3,5):	77.44
TEMA (21):	2.51
Williams %R (14):	-2.49
Chande Momentum Oscillator (20):	0.56
Repulse (5,40,3):	12.1900
ROCnROLL:	1
TRIX (15,9):	2.2600
Courbe Coppock:	72.78

MA7:	2.35
MA20:	2.07
MA50:	1.54
MA100:	1.29
MAexp7:	2.34
MAexp20:	2.07
MAexp50:	1.69
MAexp100:	1.40
Price / MA7:	+9.36%
Price / MA20:	+24.15%
Price / MA50:	+66.88%
Price / MA100:	+99.22%
Price / MAexp7:	+9.83%
Price / MAexp20:	+24.15%
Price / MAexp50:	+52.07%
Price / MAexp100:	+83.57%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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