Technical analysis by CryptoCheck- about Symbol PENDLE: Buy recommendation (10/15/2024)

PENDLE has formed a W-Bottom Chart Pattern in the Daily timeframe, which could signal more upside is coming.We're also observing very distinctive higher lows and higher highs; a key sign of a bullish market.The W-Bottom pattern hasn't quite finished playing out, what we now need to see is a successful retest of support at the "neckline" which is currently at $4. What this means in simpler terms, is that the price cannot CLOSE below this, otherwise the pattern is invalidated. We're also observing a BUY signal in the weekly timeframe; a strong indication that bulls are in control for the near future:If the pattern holds, the price is likely heading towards the previous local high of $4.7_______________________________ PENDLEUSDT