LDOUSDT trade ideas
Good for incremental purchasesYou can buy in the specified area, which is usually the cheap selling area (big money always buys in cheap selling areas and sells in high selling areas) by observing the return pattern, just pay attention if you had a stop hunt from above and if below Find a block order, they probably won't answer
HEAD-AND-SHOULDERS PATTERNHEAD-AND-SHOULDERS PATTERN — Although occasionally an Inverted
Head-and-Shoulders Pattern (called a Consolidation Head-and-Shoulders)
will form, which is a Continuation Pattern, in its normal form, this pattern
is one of the more common and more reliable of the Major Reversal Patterns.
It consists of the following four elements (a Head-and-Shoulders Top will
be described for illustration): (1) a rally which ends a more or less extensive
advance on heavy volume, and which is then followed by a Minor Reaction
on less volume; this is the left shoulder; (2) another high-volume advance
which exceeds the high of the left shoulder, followed by another low-volume
reaction which takes prices down to near the bottom of the preceding reaction, and below the top of the left shoulder high; this is the head; (3) a third
rally, but on decidedly less volume than accompanied either of the first two
advances, and which fails to exceed the high established on the head; this
is the right shoulder; and (4) a decline through a line drawn across the
proceeding two reaction lows (the neckline), and a close below that line
equivalent to 3% of the stock’s market price. This is the confirmation of the
breakout. A Head-and-Shoulders Bottom, or any other combination
Headand-Shoulders Pattern, contains the same four elements. The main
difference between a Top Formation and a Bottom Formation is in the volume
patterns. The breakout in a Top can be on low volume. The breakout in a
Bottom must show a “conspicuous burst of activity.” Minimum Measuring
Formula: add the distance between the head and neckline to the breakout
point.
more information you will find on my free channel
LDO reaching local highas history shows, high volume wicks - whether at local tops or local bottoms - are doomed to be filled sooner or later (usually the former).
while BTC consolidates at $27k, funds should be flowing to alts in due time, LDO being one to rise faster than others in such an environment.
Trade safe since come monday since the market's reaction to everything *should* be bullish, however those who know, know that those days are severely numbered.
Best,
Lido Finance (Flag pattern)FLAG — A Continuation Pattern. A flag is a period of congestion, less than
4 weeks in duration, which forms after a sharp, near vertical, change in price.
The upper and lower boundary lines of the pattern are parallel, though both
may slant up, down, or sideways. In an uptrend, the pattern resembles a
Flag flying from a mast, hence the name. Flags are also called Measuring or
HalfMast Patterns because they tend to form at the midpoint of the rally or
reaction. Volume tends to diminish during the formation, and increase on
the breakout. Minimum Measuring Formula: add the distance from the
breakout point, which started
Short LIDO vs USDPrice couldn't breach ATH and now it's trading inside the bigger Range again.
Currently momentum is slowly shifting to the downside.
It's trading below MO and as long as the price stays below it, this a short for me.
Good luck.
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