LIDO Looks Like Miles O'BrienIt's missing a right shoulder ... I think it forms a large HnS :)
Bounces off turquoise IMO
LDOUSD trade ideas
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
not really into scalping short but lets see how this turns outmodel shows lower before higher on the 5 minute chart lets see how it comes out. In the future I'm going to work on reducing risk so its not 1:1 and see if that helps expected value
dollar cost averaging turns into market crashesnext 3 months will be difficult to watch if your in a long holding strategy.
99% of crypto will lose some serious value.
Knowing what to expect will keep your mind focused and mental awareness in check.
Putting this information out there to keep you alert and well balanced to make sound judgements.
This is not investment advice.
Do what you feel is right for you and the strategy you are pursueing.
TYPICAL LDO IDEAI expect $LDO to retest that lower range of the descending triangle to clear the sell side liquidity (SSL), bounce off the upper trendline, retest the trendline and head over to $1.6252 where the 4h buyside liquidity (BSL) is located. If we hold that range then I would expect a $2 in the coming days. All still depends on BTC movement.
Always for just educational purpose, NFA.
LDOUSD - Inverted H&S (Catch the Right Shoulder) An inverted H&S pattern on a very early price development phase
The right shoulder is yet to form
Once this forms the bullish nature should reveal itself
$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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