$PENDLE - chart analysis:
๐ทThe daily view is showing trend reversal! ๐
Usually when the LS and prices are crossing the T/K + clouds like this, it means that the bearish move will continue ๐จ
Local support around 4.00 $ - 4.050 $
For potential bearish retest zone: 50% fib resistance around 4.900$
๐ทRegarding the mid term view, we can expect a deeper correction toward the 3.200$ support; especially if the price of $BTC falls, as I saw in my previous analysis๐จ๐
-On the last chart, the daily uptrend will also probably act as strong support.
-See a possible setup in my H4 chart.๐
๐Note:
-The short term volatility is very highโ๏ธ
-I recommend you to book your profits quicklyโ๏ธ
-Buy low, sell high!
