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Ben_1148x2
Mar 23, 2024 3:08 PM

LDO - Similar I H&S structure to BADGER Long

Lido DAO / United States DollarCoinbase

Description

KRAKEN:LDOUSD is showing a similar structure to KRAKEN:BADGERUSD, which just saw a 35% move.

If entering here I would expect resistance at 3.15 (volume weighted average price anchored to the high of the most recent uptrend), ~3.69 (the measured range from the base of the pattern), and then between 4.01-4.30 as a possible overhead target. The opportunity is invalidated with a close below 2.61.
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