✴️ Lido DAO Change In Patterns = Change In Trend
The trend has been down and the current price for LDOUSDT trades within a lower high compared to the action before May 2022... But we see change.
✔️ The first correction was a steep decline.
✔️ The second correction less steep, a falling wedge.
✔️ The third correction is no longer a correction more like consolidation...
We went from a steep decline to moving sideways.
The patterns changed.
Since we are coming out of a downtrend what comes next is an uptrend; change leads to change.
If the downtrend were to continue, we would likely experience similar and strong corrections each time a peak is hit.
The fact that this isn't happening anymore, reveals that the trend can change to the upside and this is supported by the RSI and volume profile.
Now we wait and see...
Namaste.
✔️ The first correction was a steep decline.
✔️ The second correction less steep, a falling wedge.
✔️ The third correction is no longer a correction more like consolidation...
We went from a steep decline to moving sideways.
The patterns changed.
Since we are coming out of a downtrend what comes next is an uptrend; change leads to change.
If the downtrend were to continue, we would likely experience similar and strong corrections each time a peak is hit.
The fact that this isn't happening anymore, reveals that the trend can change to the upside and this is supported by the RSI and volume profile.
Now we wait and see...
Namaste.
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followalan.com
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lamatrades.com (Since 2017)
🚨 The Best Trade-Numbers In The Universe
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