This $PENGU Can Fly
Summary
COINBASE:PENGUUSD has traced a broad 2025 “cup” base, with April setting the low and price now back to the January supply shelf. Price forming a bullish wedge just below all-time highs. As we retest what I call the "blue sky" box, we attempt to resolve a contracting wedge to the upsid
Trading activity
Transactions 981
BuysSells
448533
Volume 23.05 KUSD
Buys volumeSells volume
11.63 K11.42 K
Traders 187
BuyersSellers
10285
About PENGUJITOSOL_BPO9M9.USD
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In September PENGU broke out of another falling wedge patttern Its price action in Q2 built a falling wedge and gave a breakout of 500% by July.
But now in September, PENGU broke out of another falling wedge pattern built in August price action. Let's assume ambitiously that another 500% to come, then it will hit $0.21.
But even on the conservative note, if b
The Bearish Scenario for PENGUTaking a look at the possible bearish scenario for PENGU as we map out this trade idea. A loss of a four hour trend line followed by potential loss of a key local support could cause another leg down. I am bullish on this one however it's always important to have a plan. This really needs to start m
Quick Video Updating Previous PENGU Charts SharedI wanted to record a brief video of my thoughts for PENGU and where we may be headed. This is an overall compilation from the previous charts shared and how/why I feel this was a good entry for a run towards ATH on this chart. It looks to me that we have a strong support level that has formed along
Pengu inverse 12 hourOn the inverse chart I believe what we are seeing is a trend line break followed by a failed reclaim. This then lead to two swing high fails and is now starting its way into continuation (UP). On the hourly I believe it is currently on the cusp of its last “gasp” as it’s creating the peak of its rou
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy