In this chart, 
LDOUSDT surpasses its previous ATH of $0.389 and currently around that price. What would be the next potential resistance to watch. I'll provide a technical analysis in the comment threads below.
LDOUSDT surpasses its previous ATH of $0.389 and currently around that price. What would be the next potential resistance to watch. I'll provide a technical analysis in the comment threads below.Trade active
Right now, I'm priced in with the coin and currently near on the $4 price that could be a critical resistance given its a logical price for traders. Also plotted a diagonal support for added confluence.
Note
If it breaks on these two resistance lines, we could see a massive movement for the coin given that the coin is already at an all-time high and possibly breaking the $4 trendline.Note
Took profit from the $4 priceline from a long trade. But we're not seeing a confirmation of massive movement as the price moves sideways between the trendline resistance and on our current diagonal support.
Waiting game!
Note
Our stop reached upon the breakdown of the previous mini diagonal support above. The power of the larger diagonal support now acts as the resistance of the current price movement for LDO.As it continues the downtrend movement from a day trading perspective. I'm expecting the price to continue at the .618 level and possibly a reversal. The next take is to make an alert on the 618 Fib level of $3.248.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.