Seems like LDO is currently consolidating at the bottom of shown uptrend channel. It seems likley, that we will break out of this current consolidation coming days/weeks, as LDO did something similar before. Think this is actually a good opportunity to build a long position at these prices. Once LDO breaks above 2.2$ it should pick up momentun and target upper channel.
Stay safe!
Stay safe!
Note
So far looking good. Dropped a bit more than expectedd, but it didn't even print a lower low so think 1.50$ will be the bottom coming months. Think LDO is going to touch upper channel resistance very soon, maybe even 5-6$.
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.
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.