LDOUSD Bearish Shark: Likely to Crash Down With EthereumLDO is at the PCZ of a Bearish Shark at the sametime ETH is at the PCZ of Bearish Bat and Both a reacting negatively to the PCZ and showing Bearish Divergence, ETH is also the most bearish looking coin on the market as can be seen in the related Ideas tab below. I think that ETH and LDO will be losing most of their value very soon while the rest of the non DeFi Centralized coins like BTC and Doge, and LTC will only take a minor hit by comparison.
LDOUSDT trade ideas
Update: LDOUSDT Technical Analysis LDO is currently forming head and shoulder pattern.
It is also retesting wedge which I assume break will be confirmed,
Based on current market condition I am taking a short position toward target thats is marked on chart,
it will bounce hard on target so It can be a nice entry for long position after getting hit.
Lets see
SHORT SETUP FOR LDOHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the LDO symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
$LDO, range trade ideaUsing psychological levels ($2 and $3) as SR, I plot possible LONG scalp scenarios to capitalize on higher low prices.
PA has just raided a triple bottom setup right into H4 bullish order block.
Using a trend-based indicator, I'll plot along reversal price action with LONG bias when the new week comes.
For now, it's a waiting game before a proper trigger.
$LDOUSDT: Good to have some shorts...As the Shanghai fork gets closer to materialize, the idea of a supply shock affecting crypto market stability becomes more important to consider. 15 million Ether deposited by 485k validators are currently locked in the Beacon chain and will be freed in one month give or take. I'd be ready to short if presented with opportunities to do so, it is imperative that traders are flexible and keep an open mind and trade setups as they come.
In this case, $LDOUSDT offers a low risk short here, while we still have bullish signals active in other coins. It's probably reasonable to trade both sides in different coins if you're actively trading crypto, managing risk and not focusing on hodling things at all costs, that only works while the trend is extremely stable and pointing up, but at some point you need to secure gains to not participate on the humongous drawdowns that characterize this space.
Best of luck!
Cheers,
Ivan Labrie.