#LDO/USDT#LDO
The price is moving within a descending channel pattern on the 1-hour frame and is expected to break upwards after it has adhered to it significantly
We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 100
We have a trend to stabilize above the moving average of 100, which supports the rise
Entry price 1.02
First target 1.13
Second target 1.23
Third target 1.36
LDOS
#LDO/USDT#LDO
The price moves in an inverted head and shoulders pattern
The right shoulder is now complete
Wall is expected for the upper border of the shoulder
We have a higher stability moving average of 100
We have bullish momentum on the RSI and an uptrend
We have a current breakout of the channel to the upside
Entry price is 0.2500
The first target is 0.3000
The second target is 0.3500
The third goal is 0.4000
ldo short setup ldo short setup
trendline resistance
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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
LDOS LONG POSITIONLDOSLONG POSITION
As we can see, the price is in a descending triangle : it means that we expect that it'll reach the hypotenuse of the triangle, we should assure that before place the trade it touches and tests the support(we use the base of the triangle). If it reacts ang goes up , we can place a trade and take profit where there's the hyponenuse.
p.s. if it breaks the base of the triangle , probably the price will decresce and it wouldn't make sense to place a long trade, but we 'll look for a short position
Leidos To Give Some BackLeidos has been in a bullish trend since last year. During this course of this trend, the stock has move down after hitting resistance. This resistance was struck once again on May 25. May 25 also paved the way for a double top, which is a bearish signal. I will outline why the near-term movement is likely to the downside below.
When we take a look at other technical indicators, the relative strength index (RSI) is at 63.7117. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. Currently the RSI is overbought and due to drop. This indicator has not received overbought territory since the end of February. However, this indicator has been trending downward preventing newer highs. Currently, this oscillator is at the resistance point it has been reversing at. This is the first indication of potential downward movement in the near-term.
The true strength index (TSI) is currently 8.0001. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. This indicator has also had resistance similar to that observed in the RSI oscillator. Once again the indicator is near that level of resistance. This is the second indication of potential downward movement in the near-term.
The positive vortex indicator (VI) is at 0.9866 and the negative is at 0.9193. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. Currently both indicators are relatively flat (below 1) and have been in a very tight movement span since early May. The stock should move in the direction of which ever indicator breaks from this tight pattern.
The stochastic oscillator K value is 89.3405 and D value is 58.6453. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The K value is currently overbought, but the overall oscillator is not yet overbought. The stock could move up a little more before reversing, or it could simply reverse now. This is the third indication of potential downward movement in the near-term.
The formation of the double top is the fourth indication of potential downward movement. A double top occurred in March and the stock dropped 9.33% over 16 trading days. If this is indeed a double top, a similar drop could occur.
Considering the RSI, TSI, VI and stochastic levels, the overall direction favors a move to the downside. Based on historical movement compared to current levels and the current position, the stock could gain at least 2.60% over the next 29 trading days if not sooner.