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LDO

LDO - Following The Wedge 🌙Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 LDO has been overall bullish, trading within the rising broadening wedge in blue. At present, LDO is undergoing a correction phase and it is currently approaching the lower blue trendline acting as a non-horizontal support. Moreover, it is retesting a strong support zone marked in green. 🏹 Thus, the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #LDO approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
LDO/USDT It required break this key area resistance to continue!💎 LDO has been garnering considerable attention in the market, especially as it approaches a pivotal resistance area. Historically, this resistance has been a significant barrier for LDO, with the asset often facing hard rejections upon each approach. A successful breach of this resistance could probability signal a substantial upward movement, with the next objective being the Strong Resistance area. 💎 However, should LDO struggle to surpass this resistance, finding itself in a consolidation phase at this level for the next few days, it risks facing another rejection. This could result in LDO reverting back towards the demand area. 💎 The demand zone holds critical importance as it represents the last line of support for LDO's bullish trajectory. If LDO fails to rebound upon reaching this zone and cannot sustain levels above it, it risks a breakdown. A failure to uphold this key support level could lead to a shift towards a stronger support area, indicating a bearish turn for LDO.
by MyCryptoParadise
LDO/USDT Probability upward momentum from demand zone? 👀LIDO💎Paradisers, direct your focus to #LDOUSDT, as it's currently exhibiting indications of a bullish continuation from a crucial demand level. 💎 #LidoDAO is currently on an upward trajectory, suggesting a bullish trend around the demand level of $3.009. We expect a retest of this level before #LDO continues its climb. Holding steady above this point could pave the way towards the major supply zone at $4.012. 💎 However, if #LDO faces resistance in maintaining its bullish trend at the $3.009 demand level, we may need to recalibrate our strategy. Such a scenario would prompt us to consider a bullish push starting from a lower demand level at $2.407. 💎 It's essential to keep a close watch on this development, as breaking below this level could signal a need for a strategic pivot and underline potential challenges in sustaining bullish momentum in the #LDO market.
Long
by MyCryptoParadise
1
LDO hit a new all time high! Buy nowLDO looks absolutely strong. It just hit a new all-time high, and this is serious. What you want to do is buy coins that have reached an all-time high for massive profits. What is the next target? The 1.618 FIB extension is 500% far away, which is good; take profit here. Strong Elliott Wave combos (1)(2)(1)(2) provide a solid trade setup. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Lido DAO is a decentralized autonomous organization (DAO) which provides staking infrastructure for multiple blockchain networks. Most notably, the platform provides a liquid staking solution for Ethereum, allowing users to stake their ETH and receive stETH (Lido staked ETH) tokens in exchange, which represent the user's staked ETH and staking rewards. Lido DAO is secured by a mix of decentralized governance, audited code and smart contracts. The Lido protocol runs on Ethereum with help from smart contracts that process user deposits and distribute staking rewards, among other functions. Several third-party security firms have audited Lido’s smart contracts in order to identify and address potential vulnerabilities. The platform’s native token is LDO - which also serves as the governance token for Lido DAO. Holders can participate in governance proposals and vote on key decisions such as board adjustments, new integrations and platform updates. LDO holders have the right to determine the development and operation of the platform. Lido currently supports staking for Ethereum and Polygon only with the recent sunsetting of Solana. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
7
LDO/USDT Assessing Demand Zone what next? 👀 🚀LDO Analysis💎 Paradisers, let's turn our attention to #LDOUSDT as it showcases a notable trend. Currently trading in a demand zone, it is primed to reveal its forthcoming market direction. 💎 #LidoDAO is making efforts to sustain its momentum above the EMA. If it manages to keep up this momentum, we could see a bullish continuation, especially with the added strength of being in a demand zone. However, if #LDO loses its current momentum, a bullish recovery might be expected, possibly originating from a lower demand level at $1.859. 💎 It's important to stay prepared for various outcomes. Should #LDO breach the demand level of $1.859, it could indicate the beginning of a downward movement. 🌴💰
by MyCryptoParadise
Why Now is the Perfect Time to Invest in Lido DAO ($LDO) Lido DAO ( MIL:LDO ) recently experienced a remarkable surge, breaking through the bearish trend to achieve a new 52-week high of $3.61. Despite the overall market challenges, LDO's upward momentum remains robust. 1. Exceptional Performance Amid Market Turmoil: Lido DAO's standout performance of a 15% surge in a single trading session on January 6, 2024, speaks volumes about its strength and resilience. While major cryptocurrencies like Bitcoin and Ethereum faced losses, MIL:LDO not only weathered the storm but thrived, showcasing its potential to provide gains even in adverse market conditions. 2. Strategic Whale Move: A significant event that caught the attention of the crypto community was a strategic move by a whale trader on Coinbase. The trader, identified as 0xfc9, made a substantial portfolio shift by swapping Render (RNDR) for Lido DAO ( MIL:LDO ). This move, coupled with the subsequent decline in RNDR and the surge in MIL:LDO , highlights the strategic opportunities LDO offers for savvy investors. 3. Impressive Returns and Market Cap Growth: Lido DAO's 38% 1-month returns and a remarkable 153% increase in value over the past 12 months underscore its potential for long-term growth. With a current market cap of $2.88 billion, a 6.18% increase at the time of writing, LDO is proving to be a force to be reckoned with in the DeFi space. 4. Technical Analysis Signals Bullish Sentiment: Technical indicators reveal a bullish sentiment surrounding $LDO. The token is currently trading above its 10-day and 50-day Exponential Moving Averages (EMA), suggesting positive momentum. 5. Investor Support and Rising Demand: The recent surge in Lido DAO's price was not just a fleeting moment. It was supported by a significant rise in demand, as evidenced by a 37.76% spike in the 24-hour trade volume, reaching $280.28 million. This surge in interest and trading activity suggests that investors are recognizing the potential of MIL:LDO and are actively participating in its growth. 6. Room for Growth: Despite the recent success, Lido DAO is still trading at a significant discount, 70.77% below its all-time high of $11. This gap presents an enticing opportunity for buyers to enter the market at a favorable position, potentially capitalizing on future price appreciation. Conclusion: In conclusion, Lido DAO has demonstrated its ability to shine even in challenging market conditions, making it a compelling choice for investors seeking growth and resilience. With a strategic move by a notable whale trader, impressive returns, bullish technical indicators, and growing investor support, now may be the perfect time to consider MIL:LDO as a valuable addition to your portfolio. Don't miss out on the potential gains this resilient DeFi token has to offer.
COINBASE:LDOUSD
by DEXWireNews