LDOUSDT trade ideas
LDOUSDT - BULLISH OUTLOOKLDOUSDT is exhibiting a bullish divergence on the 1-hour time frame, suggesting a potential reversal or continuation of the bullish momentum. The recent break above the last lower high adds confirmation to the bullish outlook.
Consider entering at the current market price (CMP) of 3.09, placing a stop loss (SL) at 2.90 to mitigate potential losses.
The suggested take-profit (TP) levels are structured as follows:
Take Profit 1 = 3.28
Take Profit 2 = 3.47
Implement a breakeven strategy by adjusting your stop loss to your entry level after reaching TP1. This approach safeguards your profits while allowing for further upside potential. Keep an eye on market conditions and adjust your strategy as needed.
LDOUSDT|Important areas to enter buying positionsWe have ldo currency chart in daily time frame.
In the weekly time frame, we see the formation of a triangle pattern, in the daily time frame, the neckline of the upward triangle has been broken, I have identified three support areas for you on the chart, I think that this currency is growing well, to buy this currency, These areas are good places, and the red area is the last abyss of this trade, if you reach this area, you can completely exit your position.
The initial target for the price growth is $9, if it can start the upward movement, I will put the next targets in the update.
Lido DAO (LDO) completing a setup for upto 38.50% pumpHi dear members , hope you are well and welcome to the new trade setup of Lido DAO (LDO) with US Dollar pair.
Previously we caught almost 44% pump of LDO as below:
Now on a daily time frame, LDO is about to complete a bullish Gartley move for the next price reversal.
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.
📈 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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