Liquid staking: Any prospects with $LDO?This is a continuation of our previous idea :
In the first part, we dissected native staking, the current situation, and made a firm prediction about what Ethereum will face next. In this article, we will define liquid staking, examine current data and the most important liquid staking protocol, Lido, and forecast what's next for the $LDO native token.
What is liquid staking?
Liquid staking is a method of staking in which the user receives derivative tokens from the provider protocol, such as stETH from the Lido protocol, which can be used to generate additional revenue through DeFi protocols or converted to any other token via CEX or DEX.
What is $LDO?
Today, there are 9 most popular liquid staking protocols that account for ~40% of the total market. Lido is the most popular protocol (~28.9% of total staking volume and 87.5% of liquid staking volume).
LDO is a governance token. It does not entitle holders to a share of the generated yield or commissions. The token also has additional inflation. Lido constantly cooperates with different projects and provides incentive awards for pools with its tokens. 2-3 million LDO per month. But the number of allocated rewards is gradually decreasing.
Smart-money in $LDO
We should also mention the smart money that invested in $LDO tokens in the early stages. In short, all of the major funds that invested in $LDO are still holding their tokens, and many have not sold them at all. Paradigm, for example, increased the capitalization of its investment from $50 million to $130 million.
The only exceptions were Alameda Research and 3AC, which had serious issues in 2022 and required funds for liquidity and closing payment gaps.
WHAT SHOULD WE DO WITH LDO?
The capitalization of all liquid-staking protocols will increase because their product offer alleviates users' pains and makes them more agile. LDO is the locomotive of this trend; compare it to Ethereum in the Layer 1 segment. While LDO may appear to some to be outdated, there are protocols that provide better and more flexible terms to their users. However, betting on the growth of LDO is betting on the growth of the entire segment. If you want to make a lot of money, you should look for protocols that are less well-known by the general public.
Smart money believes in LDOs, but you must understand that their margin of safety is greater than that of a single trader. Always assume that your investments will be long-term.
Users trust Lido because their ecosystem has been tested in the market, their derivative token stETH has been attacked by other market participants, and the Lido team knows how to deal with it.
To summarize, a long in LDO is a bet that the liquid staking protocol segment will expand further, and you choose the market-tested protocol among others.
By the way, you can trade $LDO with us. Check the signature. Write your comments abut LDO and don't forget about risk management!
Lido
LDOUSD Long Swing SignalLiquid Staking Derivatives, or LSD, have been one of the top searches in crypto recently. And LDO is one of the leading LSD protocols in the field.
It is worth investing in the mid to long-term. The perfect buy zone for LDO is located around 1.5-1.7$. But we can try scalp or swing trading here.
Long Setup:
Entry: 2.0xx
Sl: 1.8xx
Tp: 2.5xx
We still need to keep an eye on BTC, as Lunar New Year is approaching, and people might cash out at this time. The safer option is to wait for a correction and buy spot LDO at 1.5-ish.
Like always, remember to trade at your own risk and never risk more than you can afford to lose.
Lido DAO (LDO) formed bullish Cypher for upto 16% pumpHi dear friends, hope you are well and welcome to the new trade setup of Lido DAO ( LDO ) with US Dollar pair.
3 days ago on 12th Jan 2023, I shared a trade setup for LDO , the priceline pumped more than 19% but so far, it could not hit the sell target zone, this move is still due, and this trade setup is still in play:
In the meanwhile LDO has formed another bullish Cypher pattern on 2hr time frame chart. Therefore, I would suggest you to follow these targets, because the above idea can drag more.
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
Lido DAO (LDO) formed bullish Gartley for upto 64.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Lido DAO ( LDO ) with BTC pair.
Now on a 4-hr time frame, LDO has formed a bullish Gartley move.
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
Lido (LDO) in bull trap?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
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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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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LDO/USDT (Long) - Bet on a pre-Merge hype and a successful MergeThe long-awaited Merge upgrade is just around the corner, and we believe that traders will try to bid up the price of Ethereum and any of its scaling solutions (Optimism, Polygon, Lido) right into the Merge. The success of the upgrade is not yet priced in as investors might worry that something goes wrong during the upgrade. Hence, we assume that if everything goes smoothly, tokens linked to Ethereum will receive an additional pump . We have done plenty of research on the Merge, and we believe that developers are properly prepared for the Ethereum transition , and I am willing to bet on its success.
One possible caveat is the overall economy. Just around the start of the upgrade, on the 13th of September, we will receive the CPI data for August. If the number is higher than expected, it could cut the rally short and send cryptocurrencies plummeting. However, if it comes lower than expected, it might add an additional boost to the rally. Despite these potential headwinds, we still believe that the enthusiasm around the Merge will prevail and send the cryptocurrencies higher.
We picked LDO for this bet because of its higher potential returns (that obviously come with higher risk) and its solid technical setup . On the graph, we can see that LDO is forming a head-and-shoulders pattern (H&S) on a daily while the RSI is bottoming, thus pointing to a higher price. One option is to use the neckline (purple line) for the entry. In that case, we would recommend using the entry also as a stop loss . Though it is a safer choice, you might have to reenter the trade several times if you get whipsawed off the trade. The other option is to go long now (as we did) and hope that the H&S completes the pattern. In that case, we would use the red line for the stop loss; that gives you a nice risk/reward ratio of 5.5 if we use the green line as a profit target. However, the profit line certainly doesn't serve as a ceiling, and we expect LDO to go much higher. The sky is the limit if everything goes well with the Merge
Happy Trading!
Dollero Exchange
PS: Our followers might be aware that we have already posted this trade once, but it was unfortunately taken down for breaking the house rules. So, we are just reposting this trade because the setup just got better and we would like to keep the trade on the timeline
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$LDO - Lido long idea 20Period SMA relcaimlooking 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 that at the breakout level, its all just guess as LDO is currently in price discovery, so could go a lot further, i will prob hold for while on this if i don't get stopped out
entry 2.6
stop 2.28ish
target 3.5ish
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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!
LDO/WETH - Imagine not owning Lido in 2021 $LDOHe didn't buy $LDO
NGMI
research.lido.fi/t/proposal-ldo-treasury-diversification-part-2/506
Institutional - 26M LDO / 5576 ETH = 0.0002