LDO/USDT TECHNICAL IDEA
Long term technical idea - short term bearish scenario.
Locally lots of resistance based on:
- 2 fib retracements:
Locally lots of resistance based on:
- 2 fib retracements:
- from latest higher high to latest higher low 0618-066; 0.786;
- bullish trend based fib retracement 0.5, 0.618
- Bearish engulfing last 1D candle;
- CVD: - bearish divergence;
- taker sells crossing taker buys
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- RSI divergence (lower highs while price higher highs)
Thesis: retrace to 0.5-0.66fib, then possible uptrend continuation towards 1-1.13 trend based fib
Second thesis (less probable): back to 1.13 bearish harmonic pattern of this HTF price action (not drawn) around 0.060 USDT
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