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LDO / UST

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LDOUST trade ideas

LDOISDT 1D/15MLdo test support once again. we await the upward break, since the ATH, on May 9, 2022, has already corrected 62.16% to date. Technical factors such as the RSI point up, which reinforces the ascendancy on the daily. At 15M your immediate support is $1,480 and your resistances are $1,509 and $1,523. Pay attention to the proximity of cloud cloudiness, which can also be a resistance to the asset. Lido DAO is one of the most popular platforms for staking ETH as the ease of not needing 32 ETH to staking makes it very popular. and LDO is Lido DAO's governance token that facilitates the staking platform's goal of building a staking service.
by ferulianov
Lido Finance LDO price ready to growth again ?Previously, Lido Finance ranked a net second in terms of pledged capital, behind only MakerDAO Today, we can say that Curve Finance has caught up with Lido Finance in terms of TVL, which hovers around $6 billion. By the way, exactly a month ago we made an idea for CRVUSDT and now, in our opinion, the price is just in the purchase zone: The Lido team scratched their heads and yesterday released two positive tweets about the changes: 1. Since October 7, they have provided users with the ability to connect a wrapped stETH token - wstETH - to the Arbitrum and Optimism networks for liquid staking. It is assumed that this version of the asset will facilitate its use in various DeFi protocols. 2. Lido Finance also announced the allocation of 150,000 LDO per month as rewards for the use of wstETH across all networks. This is done in order to stimulate the mining of liquidity of the reversible token in each of the DeFi partners like Balancer, Curve Finance and Kyber Network. In turn, the LDOUSDT price forms a descending wedge pattern on the chart. This pattern usually serves as a continuation of the growth trend, which, as can be seen from the chart, has been going on since June 2022 from the price of $0.40 per LDO. Based on the above, we get a good entry point to try a medium-term trade on the following conditions: Enter long position $1.44-1.48 Stop loss below $1.285 (-12%) Take profit $2.205 (+51%) Profit loss ratio 4/1 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
13
LDO/USDT (Long) - Bet on a pre-Merge hype and a successful MergeThe long-awaited Merge upgrade is just around the corner, and we believe that traders will try to bid up the price of Ethereum and any of its scaling solutions (Optimism, Polygon, Lido) right into the Merge. The success of the upgrade is not yet priced in as investors might worry that something goes wrong during the upgrade. Hence, we assume that if everything goes smoothly, tokens linked to Ethereum will receive an additional pump . We have done plenty of research on the Merge, and we believe that developers are properly prepared for the Ethereum transition , and I am willing to bet on its success. One possible caveat is the overall economy. Just around the start of the upgrade, on the 13th of September, we will receive the CPI data for August. If the number is higher than expected, it could cut the rally short and send cryptocurrencies plummeting. However, if it comes lower than expected, it might add an additional boost to the rally. Despite these potential headwinds, we still believe that the enthusiasm around the Merge will prevail and send the cryptocurrencies higher. We picked LDO for this bet because of its higher potential returns (that obviously come with higher risk) and its solid technical setup . On the graph, we can see that LDO is forming a head-and-shoulders pattern (H&S) on a daily while the RSI is bottoming, thus pointing to a higher price. One option is to use the neckline (purple line) for the entry. In that case, we would recommend using the entry also as a stop loss . Though it is a safer choice, you might have to reenter the trade several times if you get whipsawed off the trade. The other option is to go long now (as we did) and hope that the H&S completes the pattern. In that case, we would use the red line for the stop loss; that gives you a nice risk/reward ratio of 5.5 if we use the green line as a profit target. However, the profit line certainly doesn't serve as a ceiling, and we expect LDO to go much higher. The sky is the limit if everything goes well with the Merge Happy Trading! Dollero Exchange PS: Our followers might be aware that we have already posted this trade once, but it was unfortunately taken down for breaking the house rules. So, we are just reposting this trade because the setup just got better and we would like to keep the trade on the timeline Follow us for more analysis & Feel free to ask any questions you have, we are here to help If you like our content, Please leave a like and a comment, it keeps us going
Long
by DolleroTechnology