$PENDLE update as it just closed a daily candle at ATH, and currently pushing up into price discovery. How high can it go? Following up on my post earlier on "How to determine entries", I entered the trade on the breakout and re-test of the downward sloping trend between $2.2324-$2.2633.
In the very short term, we may see a slight pullback as both hourly RSI and Stoch RSIs are at the top. The 2H/4H/D RSIs still have room to run. Important to observe that this current leg up is backed by very high volume, which adds confidence to this move to ATHs.
Pulling fibs from top to bottom of the entire price history, I expect $PENDLE to work its way up to the 1.272 (~$3.19) before the 1.618 (~$3.91). Whether or not it can get there depends on BTC's strength in the coming days/weeks.
