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. 🌴💰
LDOUSDT trade ideas
✴️ Lido DAO | Bearish EngulfingAnother great pair, an amazing Cryptocurrency project; Lido DAO is ending a 5-wave bullish impulse and thus a correction is now set to develop.
August 17 is the date LDOUSDT hit a new low to enter a small accumulation phase.
From this accumulation phase we get the 5-up wave pattern.
It is hard to predict the end of a bullish wave but here we can see a very strong bearish candlestick formation, the bearish engulfing.
Today's red/bearish candle is engulfing yesterday's green candle. Technically not a bearish engulfing because of the lower wick yesterday but the bearish implications are the same, the growth is over at least for period while a correction develops.
➖ 5 up, 3 down.
This is EW simplified.
The ABC correction can push LDOUSDT between 0.618 and 0.786 Fib. retracement level.
Another way to look at it is through the moving average of two hundred periods (MA200).
This level can easily be tested as support and it matches the EW projection.
Today's session is the worst since June, so while is early it is still very likely that there is no going back now, this is moving lower.
Invalidation comes on a move and close above the last high at 3.617.
➖ The bullish wave without the accumulation phase lasted 79 days.
➖ Total growth amounts to 162%.
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By break wedge(LDO)📊Analysis by AhmadArz:
wait for breake wedge
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LDO crossing WEEKLY resistance levelldo crossing key weekly level of resistance
enter now and add on bullish retest
stop loss 2.975
targets 4.280 / 4.977
if you get stopped out re-enter on breakout of 3.103
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
Waiting to reach channel resistance(LDO)📊Analysis by AhmadArz:
🔍Entry: 3.361
🛑Stop Loss: 3.164
🎯Take Profit: 3.49 -3.62 -3.75 -3.89
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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LDO ANALYSIS (12H)The LDO symbol looks like a diametric structure, we are now in the middle of the E wave. By keeping the green area, it can see two defined TPs.
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