$PENDLE The $PENDLE /USDT setup you’re describing looks promising
An inverse head and shoulders pattern is a classic bullish reversal signal, and if it’s testing the neckline now, that’s a key level to watch. The Ichimoku Cloud showing bullish momentum—likely with price above the cloud and a green cloud forming—adds some solid confluence.
A clean break above the neckline could indeed spark a strong rally, especially if volume picks up to confirm the move. I’d keep an eye on how price reacts at that resistance; a rejection could mean more consolidation, but a breakout might send it flying.
Are you planning to trade this one, or just observing for now?
#wendy
An inverse head and shoulders pattern is a classic bullish reversal signal, and if it’s testing the neckline now, that’s a key level to watch. The Ichimoku Cloud showing bullish momentum—likely with price above the cloud and a green cloud forming—adds some solid confluence.
A clean break above the neckline could indeed spark a strong rally, especially if volume picks up to confirm the move. I’d keep an eye on how price reacts at that resistance; a rejection could mean more consolidation, but a breakout might send it flying.
Are you planning to trade this one, or just observing for now?
#wendy
