PENDLEUSD Strong Buy Signal. Target $12.

Pendle (PENDLEUSD) is on a short-term pull-back after the 1D RSI got overbought above 70.00. This is consistent with all previous times the RSI got that overbought but against common sentiment, which would suggest exhaustion of the bullish trend, that was a signal to buy halfway through the Bullish Leg.

As you can see on the two Legs before, that signal emerged at around 50% of the uptrend. As a result, we expect at least $12.000 before the next consolidation.


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