LDO
viewpoint short for LDO Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the LDO symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Lido DAO (LDO) formed bullish Gartley | Good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Lido DAO (LDO)
On a 2-hr time frame, LDO has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
LDOUSDT Hit the September Lower Highs. Make or break time!*** ***
For this particular analysis on Lido DAO we are using the LDOUSDT symbol on the OKX exchange.
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The idea is on the 4H time-frame where LDO just broke above its 4H MA200 (orange trend-line) and at the same time by doing so, it hit the Lower Highs trend-line from the September 15 High. This is a major Resistance Cluster as the slightest break-out, technically restores the bullish trend at least on the medium-term. With an emerging 4H MA50/100 Bullish Cross and the 1D RSI rising strongly since October 13, a Lower Highs break-out can target the upper Fibonacci levels.
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LDO Leonardo doing its thangWell, sometimes it helps to realize mistakes by adding some notes.
Just quoting one of my fellow followers here in the bubble who got tricked on that 10% bump.
But lets look at the chart, we see nothing has changed since the initial plan.
Probably will retrace to 1.272-1.618 level before crushing down to 4.236 since we triggered 2.618 on w3
Invalidation remains the same as before
Hold my beer pls
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No financial advice, do your own research, don't be stupid
LDOISDT 1D/15MLdo test support once again. we await the upward break, since the ATH, on May 9, 2022, has already corrected 62.16% to date.
Technical factors such as the RSI point up, which reinforces the ascendancy on the daily.
At 15M your immediate support is $1,480 and your resistances are $1,509 and $1,523. Pay attention to the proximity of cloud cloudiness, which can also be a resistance to the asset.
Lido DAO is one of the most popular platforms for staking ETH as the ease of not needing 32 ETH to staking makes it very popular. and LDO is Lido DAO's governance token that facilitates the staking platform's goal of building a staking service.
Lido Finance LDO price ready to growth again ?Previously, Lido Finance ranked a net second in terms of pledged capital, behind only MakerDAO
Today, we can say that Curve Finance has caught up with Lido Finance in terms of TVL, which hovers around $6 billion.
By the way, exactly a month ago we made an idea for CRVUSDT and now, in our opinion, the price is just in the purchase zone:
The Lido team scratched their heads and yesterday released two positive tweets about the changes:
1. Since October 7, they have provided users with the ability to connect a wrapped stETH token - wstETH - to the Arbitrum and Optimism networks for liquid staking. It is assumed that this version of the asset will facilitate its use in various DeFi protocols.
2. Lido Finance also announced the allocation of 150,000 LDO per month as rewards for the use of wstETH across all networks. This is done in order to stimulate the mining of liquidity of the reversible token in each of the DeFi partners like Balancer, Curve Finance and Kyber Network.
In turn, the LDOUSDT price forms a descending wedge pattern on the chart. This pattern usually serves as a continuation of the growth trend, which, as can be seen from the chart, has been going on since June 2022 from the price of $0.40 per LDO.
Based on the above, we get a good entry point to try a medium-term trade on the following conditions:
Enter long position $1.44-1.48
Stop loss below $1.285 (-12%)
Take profit $2.205 (+51%)
Profit loss ratio 4/1
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LDOUSDT-1DLDO has formed a triangle and right now it is on the triangle wedge and could break up. If it breaks the 1,438 support, it could start a downtrend which I don't believe will happen. A strong technical indicator is the RSI which is a momentum oscillator which measures overbought or oversold stress; in this case it is extremely oversold, indicating the sellers' exhaustion.
BRL 1,691
R-$2.010
BRL 2,836
S-$1,361
S-$0.792
LDO Dont get fooledSpecial Request from one of my fellow followers again:
1) Dont get fooled by a 10% pump
2) Broke the neckline in 2021
3) Just now failed to reclaim it by a drop below and a backtest
Price action since the 2021 low fully corrective in a crystal clear 3-3-5 pattern (just confirmed by breaking 8.02)
=> Retest / Double Bottom 3.97 or lower inevitable
Take-Away:
1) If you can draw a flag, it is a flag.
2) If the 2nd bump fails to break the flag, its going lowaaaa
Hold my beer pls
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No financial advice, do your own research, don't be stupid
LDO Leonardo: War over?Special request for one of my fellow followers LDO Leonardo
Has been in a bloody downtrend for over 20 years (!)
Lets look at the chart: We are expecting a big ABC correction where as the C wave possibly could have been completed at the yellow arrow but that would be very much truncated.
The recent red (bear) flag most likely is going to resolve to the bottom dictating prices of 4€-6€
One would also argue there is a head n shoulders formation where the neckline just got tested and is heading below confirming lower prices.
In order to really finish this big formation at least a double bottom or a new lower low is required meaning the final target will be below 2.60€
Things will start to look better on a break above 10.95€ and r/s flipping the downtrend.
whether the break of the trend happens around here or later and lower it will require some time, probably years to finish
Hold my beer pls
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No financial advice, do your own research, don't be stupid
LDO, all done or more to go?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 for confluence. Cheers! If helpful, throw a boost or a follow!