#PENGU/USDT
Entry:
Entry: $0.01369
DCA: $0.01288
Targets:
Target 1: $0.01480
Target 2: $0.01577
Target 3: $0.01690
Stop Loss:
4H close below $0.01200
Why this trade?
PENGU is showing recovery signs after a recent flush
Price is trading above the 4H 50 SMA and 50 EMA — both are bullish signals
BY Technical CRYPTO Analyst
That growth environment will include rising inflation and interest rates. Those upward shifts naturally accompany healthy growth periods as the demand for resources, products and services rise. Importantly, the Federal Reserve has laid out the rationale for not interfering with that natural growth transition.It's not exactly a fad, but there is a widespread willingness to pay up for a growth story. Classic fundamental analysis takes a back seat. Even negative earnings are ignored. In fact, positive earnings seem to be a limiting measure, producing the question, "Is that all you've got?" The preference is a vision of untold riches when the exciting story plays out as expected.
Traders also expressed uncertainty about the situation with China Evergrande, as the indebted property company has not provided clarification about a key interest payment.In economic news, the Commerce Department reported an unexpected increase in U.S. new home sales in August.Crude oil prices climbed Friday and front-month WTI oil futures contracts saw gains for a fifth straight week amid tighter supplies. West Texas Intermediate Crude oil futures for November rose $0.68 or 0.9 percent at 73.98 a barrel. WTI Crude futures gained 2.8 percent for the week.
Technical CRYPTO Analyst from sg