LDO Weekly Analysis
LDO is showing a positive divergence on the weekly timeframe, indicating a potential upward move toward the 2.590 resistance level. However, for a more confident entry, the price needs to break above the $1 resistance with strength on the weekly chart.
Even in a pessimistic scenario, where the price drops by 26% to its support level, the risk-to-reward ratio remains attractive.
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LDO is showing a positive divergence on the weekly timeframe, indicating a potential upward move toward the 2.590 resistance level. However, for a more confident entry, the price needs to break above the $1 resistance with strength on the weekly chart.
Even in a pessimistic scenario, where the price drops by 26% to its support level, the risk-to-reward ratio remains attractive.
Follow us for more quality and insightful updates!
Trade active
This currency has reached its first resistance. Now we can reserve our profits and stay with this currency. We may see a correction in the coming days.
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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.
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.