LDOUST trade ideas
📈 LDO: Potential in the Ascending Triangle1. Pattern Recognition:
LDO is currently exhibiting a substantial ascending triangle pattern on its chart. This pattern signifies a consolidation phase where the asset is preparing for a potential breakout.
2. Breakout Catalyst:
An impactful event occurred as LDO experienced a shakeout beneath the ascending trendline. This shakeout provided a significant boost in momentum, setting the stage for a robust upward movement.
3. Steady Uptrend:
Post-shakeout, LDO initiated a rapid ascent, marking a clear and powerful bullish trend. This move included a successful breach of the previous all-time high, indicating heightened buying interest.
4. Potential Retest Scenario:
As part of a typical price action following such an intense rally, anticipate the possibility of a retest of the ascending trendline. This retest could act as a validation of the newfound support and serve as an attractive entry point.
5. Price Target:
In the absence of strong resistance levels, the next price target for LDO could be around the $7 mark. This projection considers the previous price action and the potential for an extended bullish trend.
6. Risk Management:
Implement risk management measures by setting stop-loss orders below key support levels. This strategy helps mitigate potential losses in the event of an unexpected reversal.
7. Watch for Confirmation:
Continuously monitor the price action for confirmation signals, such as increased volume and bullish candlestick patterns, supporting the sustainability of the uptrend.
8. Timely Execution:
Timing is crucial in crypto trading. Execute trades strategically, especially during potential retest scenarios, to maximize the opportunities presented by the ascending triangle pattern.
LDO/USDT Probability upward momentum from demand zone? 👀LIDO💎Paradisers, direct your focus to #LDOUSDT, as it's currently exhibiting indications of a bullish continuation from a crucial demand level.
💎 #LidoDAO is currently on an upward trajectory, suggesting a bullish trend around the demand level of $3.009. We expect a retest of this level before #LDO continues its climb. Holding steady above this point could pave the way towards the major supply zone at $4.012.
💎 However, if #LDO faces resistance in maintaining its bullish trend at the $3.009 demand level, we may need to recalibrate our strategy. Such a scenario would prompt us to consider a bullish push starting from a lower demand level at $2.407.
💎 It's essential to keep a close watch on this development, as breaking below this level could signal a need for a strategic pivot and underline potential challenges in sustaining bullish momentum in the #LDO market.
LDO hit a new all time high! Buy nowLDO looks absolutely strong. It just hit a new all-time high, and this is serious. What you want to do is buy coins that have reached an all-time high for massive profits. What is the next target? The 1.618 FIB extension is 500% far away, which is good; take profit here. Strong Elliott Wave combos (1)(2)(1)(2) provide a solid trade setup. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Lido DAO is a decentralized autonomous organization (DAO) which provides staking infrastructure for multiple blockchain networks.
Most notably, the platform provides a liquid staking solution for Ethereum, allowing users to stake their ETH and receive stETH (Lido staked ETH) tokens in exchange, which represent the user's staked ETH and staking rewards.
Lido DAO is secured by a mix of decentralized governance, audited code and smart contracts. The Lido protocol runs on Ethereum with help from smart contracts that process user deposits and distribute staking rewards, among other functions. Several third-party security firms have audited Lido’s smart contracts in order to identify and address potential vulnerabilities.
The platform’s native token is LDO - which also serves as the governance token for Lido DAO. Holders can participate in governance proposals and vote on key decisions such as board adjustments, new integrations and platform updates. LDO holders have the right to determine the development and operation of the platform.
Lido currently supports staking for Ethereum and Polygon only with the recent sunsetting of Solana. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
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. 🌴💰
✴️ 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:
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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
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Not Financial Advise
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