LDO has been trading under a trendline for some days now. A break of this trendline is likely going to lead to some growth but we should also be mindful of the resistances around the price
The three main reasons I see this as a good buying area are: 1. Bullish Ichimoku Cross Very bullish signal along with a potential green cloud / if the price closes above the cloud 2. Bottom Channel Currently at the bottom of the channel near lows, may see a spike down to grab this liquidity 3. Green Cloud Ideally, we see a green cloud emerge indicating a new...
After a strong run and a relatively favorable macro environment compared to 2022, I can see this going much higher but first I need to see the last ATH wick cleared and ideally an SR flip. Until then it's better to look for a lower entry or if you strongly believe in the project hold spot.
LDOUSD/ LIDO DAO is on a 1 month Channel Up while the 1day RSI is immitating the Channel Down of July/ Aug. This can therefore be a flipped sequence of that fractal and when drawing it on the current Channel Up, it matches the price action surprisingly well. A repeat of the +616.30% rise prior to July's top matches almost to perfection the top as indicated by the...
Hello Traders & Investors! Here is a quick video going over the daily chart of BINANCE:LDOUSD for @hardikpatel1648 It looks to be forming a bear flag and the last bear flag played out, so I would look out below. Let me know what you think and comment your own thesis below! If you would like to make a request you can reach me here, or there is my Linktree...
LDO has consolidated well after an enormous pump. Now the RSI has dropped off to near the 50 area and we have been looking at this as an area to buy alts in consolidation. And so as long as the trend remains intact this should be a good area to buy. Also notice Golden Cross will arrive in a few days which is bullish . Some caution required as FOMC meeting is...
It's missing a right shoulder ... I think it forms a large HnS :) Bounces off turquoise IMO
Bearish Engulfing candle. Rejected from imp resistance level.
The price has broken through the psychological resistance of $2 along with the 61.8% retracement. Exponential averages of 8, 21 and 55 pointed up. Next resistance at the round value of $3. If it is a bull trap it will come back below $2, going to the 50% retracement at the price of $1.45
model shows lower before higher on the 5 minute chart lets see how it comes out. In the future I'm going to work on reducing risk so its not 1:1 and see if that helps expected value
next 3 months will be difficult to watch if your in a long holding strategy. 99% of crypto will lose some serious value. Knowing what to expect will keep your mind focused and mental awareness in check. Putting this information out there to keep you alert and well balanced to make sound judgements. This is not investment advice. Do what you feel is right for you...
I expect $LDO to retest that lower range of the descending triangle to clear the sell side liquidity (SSL), bounce off the upper trendline, retest the trendline and head over to $1.6252 where the 4h buyside liquidity (BSL) is located. If we hold that range then I would expect a $2 in the coming days. All still depends on BTC movement. Always for just educational...
An inverted H&S pattern on a very early price development phase The right shoulder is yet to form Once this forms the bullish nature should reveal itself
looking around today for things that haven't popped off yet, and i think $LDO has a chance. Its had a nice little consolidationbelow 20 period SMA on the H4 and reclaimed it giving us a clear invalidation level to put our stop below. for the target I've used a bit of classical charting for a bull flag pattern measuring the length of the "flag pole" and placing ...