#PENDLE – Technical Analysis
Trend: Higher lows forming against a strong horizontal resistance → ascending triangle within a broader downtrend.
Resistance Zone: 1.95–2.00 (clear supply; multiple rejections).
Support: Rising trendline around 1.78–1.82.
RSI: ~52, neutral → momentum is compressing, not yet decisive.
Scenarios:
Bullish: Clean 4H close above 2.00 → breakout continuation toward 2.20–2.35.
Bearish: Rejection at resistance + trendline break → pullback to 1.75, then 1.65.
Bias: Neutral → breakout-dependent.
Wait for confirmation at 2.00 resistance or a loss of the rising trendline.
PENDLE
2.158
+3.55%