Lido Finance is a major decentralized liquid staking protocol. It allows users to lock ETH and receive stETH, which can then be used across various DeFi platforms.
🔍 Technical setup:
▪️ Price is moving inside a broad horizontal range with wicks in both directions
▪️ Within that, there’s a secondary descending channel
▪️ Currently forming a potential double bottom or dragon pattern — both are classic reversal setups
📌 Key confirmation level:
▪️ A breakout and close above 0.922 USDT would confirm the pattern and signal possible trend reversal
🎯 Upside targets if breakout confirms:
▪️ 1.77 — short-term target
▪️ 2.57 — mid-range resistance
▪️ 3.90 and beyond — long-term potential
⚠️ As long as price remains inside the range — it's just preparation.
🔍 Technical setup:
▪️ Price is moving inside a broad horizontal range with wicks in both directions
▪️ Within that, there’s a secondary descending channel
▪️ Currently forming a potential double bottom or dragon pattern — both are classic reversal setups
📌 Key confirmation level:
▪️ A breakout and close above 0.922 USDT would confirm the pattern and signal possible trend reversal
🎯 Upside targets if breakout confirms:
▪️ 1.77 — short-term target
▪️ 2.57 — mid-range resistance
▪️ 3.90 and beyond — long-term potential
⚠️ As long as price remains inside the range — it's just preparation.
Related publications
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.
Related publications
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.