IS LDO READY FOR THE MEGA BREAKOUT $4.40 ? LDO is one of the coins we follow for the long term.
Trending chart showing that this coin is able to make a Mega breakout coming time, but first of all, it's important to know that we are into a bear market, and even on this trend LDO still seems to have some interesting increase effects.
$2.50 is an important target where our focus is for the coming time, with the possibility of a high 4 USD.
We follow the most coins data online live, LDO shows a difference in data depending on increased view than most coins.
LDOUST trade ideas
LIDO LDOUSDT Price Analysis (1D)Hey there, TradingView community!
We're excited to share our analysis of LDOUSDT's price with you today.
This asset has been gaining significant traction in the crypto world, boasting one of the highest Total Value Locked figures.
Taking a technical analysis approach, we've identified potential upcoming movements and important support zones to keep an eye on in the next few weeks.
After carefully analyzing previous support zones and Fibonacci levels, it appears that the price might break below the $2.00 support level, forming a Head & Shoulders pattern.
If this happens, we could see price targets around $1.19 and $1.00.
Of course, it's essential to trade smartly with proper risk management strategies in place.
And don't forget to consider potential targets in between, like around $1.50.
Happy trading, and good luck out there!
LDOUSDT - Bullish Trend - 1H TFBased on the chart pattern analysis, it appears that the price is forming higher highs (HHs) and higher lows (HLs), which indicates a bullish trend. Furthermore, the Relative Strength Index (RSI) showing divergence is synced currently. I recommend taking a long trade with a risk/reward ratio of 1:1
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
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trendline resistance
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LDO has strong support levelThe instrument is in a downward local trend.
The asset entered a strong resistance zone, from where the seller resumed on large volumes, broke the local structure and gained a foothold at the bottom.
an inclined dynamic line with a lot of touches was formed, which indicates its possible penetration. the buyer is unable to update the highs, as a result of which the price is pressed to the inclined line.
✴️ Lido DAO Change In Patterns = Change In TrendThe trend has been down and the current price for LDOUSDT trades within a lower high compared to the action before May 2022... But we see change.
✔️ The first correction was a steep decline.
✔️ The second correction less steep, a falling wedge.
✔️ The third correction is no longer a correction more like consolidation...
We went from a steep decline to moving sideways.
The patterns changed.
Since we are coming out of a downtrend what comes next is an uptrend; change leads to change.
If the downtrend were to continue, we would likely experience similar and strong corrections each time a peak is hit.
The fact that this isn't happening anymore, reveals that the trend can change to the upside and this is supported by the RSI and volume profile.
Now we wait and see...
Namaste.