- Everyone is waiting for trade setups like this! LDO is a very promising altcoin and I will tell you why in this analysis.
- As you can see, the price is moving in an ascending parallel channel. This channel currently has only 3 touches, so it's brand new.
- inside the parallel channel, there is a bullish flag that is currently breaking out! It's definitely a great time to buy right now!
- The uptrend started with a strong impulse wave, which is a great indication of strength. Wave 2 has been completed successfully as an ABC ZigZag and we have already started a third wave to the upside!
- The profit target is at 1:1 FIB extension LOG / 2.618 FIB LINEAR or the top of the parallel channel on the LOG scale.
- Lido is a liquid staking solution for Ethereum. Lido lets users stake their ETH with no minimum deposits or maintaining of infrastructure - whilst participating in on-chain activities, e.g. lending, to compound returns.
- If you bought this altcoin or if you want to buy this altcoin, then comment on this idea!
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