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LDO / TetherUS

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LDOUSDT trade ideas

Accumulation plan for LDOLDO, which stands for "Lido, a Delegated Proof of Stake (DPoS) staking protocol for various cryptocurrencies, including Ethereum (ETH) and Terra (LUNA). Lido aims to provide liquidity to users who stake their tokens on these blockchains. In my opinion, LDO is forming an interesting pattern, the accumulation schematic following Wyckoff method. As in chart, the yellow area would be a good place to buy LDO. So it's still soon to accumulate it. What do you think about LDO and this plan?
by evasivesteering
LDO: Resistance BreakoutTrade setup : Price has regained the $1.60 key level, which has held up several times this year and could signal beginning of a bullish trend reversal with near-term upside to $2.00. Momentum turned bullish again (MACD crossover and RSI crossed above 50 centerline). Lido (LDO) is the largest DeFi platform and a leading ETH liquid staking platform. Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $1.20. The nearest Resistance Zone is $1.60, which it broke, then $2.00, and $2.50.
Long
by altFINS
LDO: Sideways Channel BreakoutTrade setup : Appears to have broken out (bearish) from a Sideways Channel pattern ($1.60-$2.50), below the $1.60 support zone, which has held up several times this year. The next support area is $1.20. Lido (LDO) is the largest DeFi platform and a leading ETH liquid staking platform. Pattern : Price was trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range – Buy near Support and Sell near Resistance . Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $1.20. The nearest Resistance Zone is $1.60 (previous support), then $2.00, and $2.50.
Long
by altFINS