LDO / TetherUS PERPETUAL CONTRACT
0.7713USDTR
−0.0082−1.05%
As of today at 19:27 GMT
USDT
No trades
LDOUSDT.P trade ideas
✴️ Lido DAO Bullish Regardless What HappensLido DAO is undergoing consolidation after a correction on a bullish phase that started January 2023.
The pair remains really strong as the correction is weak. The current price trades more than 150% above its Dec. '22 low.
There is a higher low short-term (mid-June vs mid-May) and prices have recovered above EMA10.
The RSI is moving up almost reaching 50... As long as the blue line/support holds, expect LDOUSD to resume the initial move and grow.
Breaking the support level would only signal more correction but followed by additional growth.
Namaste.
Lido DAO (LDO)Lido DAO provides staking infrastructure for multiple blockchain networks, but 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. Currently, LDO has the highest total value locked among Ethereum protocols, which is around $15 billion.
Anyway, the chart is simple: LDO broke the downtrend line and is now making a support floor to start an impulse wave. Let's see what happens.
Brief Analysis ——LDOThe brief analysis yesterday received a lot of discussion in our community. So we continue to bring a brief analysis of 3 tokens which are participating ETHCC conference today. They are LDO, NEAR and ICP.
LST is one of the tracks that have attracted much attention this year, and Lido leads them all. Lido was also present at the ETHCC conference in Paris.
From the chart, LDO is fluctuating in a large range. Since early May, the range has become relatively narrow. So on a large scale, the trend remains neutral. After the price hit the upper rail of the range last Friday, bears increased, pin-bar formed, and the price rapidly fell, close to recovering the gains on Thursday. The transaction volume is basically the same as before.
Conclusion: Mostly fluctuation. From May, whether the price is rising near the upper rail or falling near the lower rail, the strength in the other direction has increased.On a small scale, the gap between the bulls and the bears is small and the bears are currently slightly ahead. But the rate of decline has slowed down and the V-shaped reversal is close to completion. So we come to this conclusion. We set resistance level at 2.45 and support level at 1.6.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
LDO ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the LDO symbol.
It is suitable for buy in the L SH range. It can move up to OB.
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 Buy Trade.Here is My Study On LDO.
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This Is Not A Finacial Advise
$LDO bullishLDO is the governance token of Lido DAO, which is a multi-platform staking solution that allows users to access the benefits of staking their crypto without fully locking their tokens. It facilitates the staking platform’s goal of building a trustless liquid staking service and drives the decentralized ownership and decision-making of the independent structure of Lido, with governance decisions in the Lido DAO community conducted based on LDO
LDOUSDT.P on Bybit - Short in to a Long"Engaging in a SHORT that transitions into a LONG position. Short levels sit at 1.9450 with a stop loss at 1.9760, influenced by PoC of the range 2.04 - 1.80$, the 0.618 Fibonacci retracement level, daily and 2.618 fib retracement. Remember to take profit during the dip. As we approach the daily level of 1.7325, we could potentially see a reaction on both the NPOC at 1.7325 and the weekly at 1.7110. I'm keen to see an SFP of the 19/06/2023, 12:00 NY time lows."
Why we are using Bybit pairs?
We prefer to use Bybit charts over those from Binance or other exchanges, as in our experience, divergences are consistently respected in Bybit's platform.
