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
Red -> Green: Confirmed the Demand Zone (Blue * N indicated the support) DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make your own decisions and be responsible for your own investing and trading Activities.
Hi dear friends, hope you are well and welcome to the new trade setup of Lido DAO (LDO) On a 2-hr time frame, LDO has formed a bullish Gartley pattern. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
*** *** For this particular analysis on Lido DAO we are using the LDOUSDT symbol on the OKX exchange. *** *** The idea is on the 4H time-frame where LDO just broke above its 4H MA200 (orange trend-line) and at the same time by doing so, it hit the Lower Highs trend-line from the September 15 High. This is a major Resistance Cluster as the slightest...
Previously, Lido Finance ranked a net second in terms of pledged capital, behind only MakerDAO Today, we can say that Curve Finance has caught up with Lido Finance in terms of TVL, which hovers around $6 billion. By the way, exactly a month ago we made an idea for CRVUSDT and now, in our opinion, the price is just in the purchase zone: The Lido team...
LIDO DAO (LDOUSDT) broke above its 1D MA50 (blue trend-line) today as so far the correction since the August 13 High was contained inside the green Ichimoku Cloud. This isn't yet the time to be bullish, as the same Cloud provided support from April 18 to April 28 and despite breaking again above the 1D MA50, the rebound was short-lived as it failed to cross above...
Couple ways to count this, but I think its probably a tradable top is in and a potential retrace could be on its way. So watching for a corrective style retrace here for a bit more confirmation, but if this is an expanded flat, could be a swift move down. If its a running flat, the high should be taken out with a swiftness. Keeping an eye on these levels as well...
LDO/USDT short Entry Range: $1.45 - 1.55 Price Target 1: $1.35 Price Target 2: $1.05 Price Target 3: $0.75 Stop Loss: $1.86