Lido to rally on the back of staking ETFs?
- clear inverse head and shoulders pattern (bottoming formation) that has been forming for several months now
- higher beta to Ethereum so if ETH manages to break out from its potential falling wedge pattern (comments), LDO should outperform
- higher beta to Ethereum so if ETH manages to break out from its potential falling wedge pattern (comments), LDO should outperform
Trade active
ETH in a falling wedge. White stripe marked the local bottom.
Trade closed: target reached
Resistance still has not been breached, caution advised until confirmation.
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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.