https://www.tradingview.com/x/xpJsgmrC/
LDO may be forming a local bottom after the recent downside move.
Price is testing a strong support cluster, while Q and Q MA are both showing bullish divergence. That is a meaningful confluence, but confirmation is still needed.
My map is simple:
Bullish scenario:
Hold the support cluster and reclaim / accept above POC. If that happens, LDO can start rotating back through value.
Bearish scenario:
Lose the support cluster and reject from POC. In that case, the local bottom idea is invalidated.
No prediction here.
Support first.
POC confirmation second.
Invalidation always defined.
LDO may be forming a local bottom after the recent downside move.
Price is testing a strong support cluster, while Q and Q MA are both showing bullish divergence. That is a meaningful confluence, but confirmation is still needed.
My map is simple:
Bullish scenario:
Hold the support cluster and reclaim / accept above POC. If that happens, LDO can start rotating back through value.
Bearish scenario:
Lose the support cluster and reject from POC. In that case, the local bottom idea is invalidated.
No prediction here.
Support first.
POC confirmation second.
Invalidation always defined.
Trade active
The ZenAlgo team
zenalgo.com
discord.zenalgo.com
zenalgo.com
discord.zenalgo.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The ZenAlgo team
zenalgo.com
discord.zenalgo.com
zenalgo.com
discord.zenalgo.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
