There is much hype around the ETH merge and L2 coins. I think this L2 coin can go bananas when it breaks this neckline. Most of the time the 5th touch break
Target Of LDO for next year by a Channel BINANCE:LDOUSDT
LIDO DAO (LDOUSDT) broke above its 1D MA50 (blue trend-line) today as so far the correction since the August 13 High was contained inside the green Ichimoku Cloud. This isn't yet the time to be bullish, as the same Cloud provided support from April 18 to April 28 and despite breaking again above the 1D MA50, the rebound was short-lived as it failed to cross above...
A nice rally awaits this sign, better watch it closely, it should just close the daily in green
It looks like the conditions are right, so most likely we will move to the bottom of the target, the first target is to support the yellow line. Good luck. Follow me
I think that this movement will be hapen. because we can see the power of seller.
Appearance of bearish pennant, and breakout of lower trendline suggests a bearish trend. shortselling as per above plan is recommended.
Couple ways to count this, but I think its probably a tradable top is in and a potential retrace could be on its way. So watching for a corrective style retrace here for a bit more confirmation, but if this is an expanded flat, could be a swift move down. If its a running flat, the high should be taken out with a swiftness. Keeping an eye on these levels as well...
If the triangle is broken from the bottom, because the cloud also breaks , there is a possibility that the price will fall to the 0.5 and 0.618 Fibonacci levels, which are the prices of 1.98 and 1.82, respectively.