PENDLEUSD: Strong buy opportunity at the bottom of the Channel

٢٧ يوليو ٢٠٢٣

PENDLEUSD is attempting to get detached from the 1D MA50, located at the bottom of the 8 month Channel Up. The 1D MACD is in the process of forming a Bullish Cross, while the overal timeframe is neutral technically (RSI = 50.567, MACD = 0.003, ADX = 41.833) indicating strong upside potential.

As long as this holds, we are expecting this to be the start of the new HH leg. We're long aiming at at least a +400% rise (TP = 3.4000).

## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##