Lido DAO (LDOUSD): End of correction soon 🔍

Feb 23

Lido DAO: LDOUSD

We've recently added Lido DAO (LDO) to our portfolio. On the daily timeframe, we are in an uptrend within a major Wave (3). The subordinate Wave 3 has already commenced, aiming for at least $5.45, potentially up to $10.43, which we must mark as the maximum. The current all-time high is at $5.20, with the all-time low at $0.40. A closer look at the 4-hour chart reveals that since the subordinate Wave 2, we've completed a 5-wave cycle upwards, now entering a correction towards a very subordinate Wave ((ii)). This Wave ((ii)) is likely to retrace between 61.8% and 78.6%. The presence of a zigzag movement is evident as Wave (b) reached exactly 61.8%, indicating a 5-wave structure from Wave (v) to Wave (a).

We now anticipate a 5-wave structure downwards for LDO during Wave ((ii)). Our stop-loss is set below the 78.6% level, as dropping beneath it would imply a regression to the origin of the major Wave 2 at $1.42, potentially lower, nullifying any bullish scenario. However, should a reversal occur, we're projecting a rise towards the $5 mark for Wave ((iii)), with subsequent movements in Waves ((iv)) and ((v)) contributing to the overarching Wave 3 of Wave (3).

Mar 7

Note

Our last crypto analysis for today, Lido DAO, seen a slight upward movement, still within the range for Wave (b) at 78.6%. We're awaiting a sell-off for Wave (c) and Wave ((ii)), where our limit order is placed. We don't believe we're dealing with a Running Flat scenario, which would imply that we've already concluded everything. Such a scenario would be invalidated if we exceed the 138% level for a possible Flat, indicating that Wave ((ii)) has concluded with our last downward move. A Running Flat, though rare, could occur. The level between 138% and 127% is at a maximum of $4.60; surpassing this level means our Wave ((ii)) narrative ends, and we must remove it. Until that happens, we'll maintain our order at Wave ((ii)).

Daily Chart


4H Chart

Mar 20

Note

🟢 Trade Update Long-Term🟢

Lido DAO #LDOUSD

Our limit order for Lido DAO has also been hit. We've reached the 127.2% level, which we can expect for Wave (c). However, we entered a bit earlier because we really wanted to be involved in this trade. We hold Lido DAO and this trade in high regard. We also believe with quite high probability that Wave ((ii)) has been completed after we should have finished the zigzag movement at 127.2%. We should not fall below the level of $1.98 at any cost. That's where our stop loss is set. Looking upwards, we expect that we will definitely reach at least $5.45 in the future. Our current target is still at $5.19. We will adjust this depending on how the entire crypto market moves and whether we are stronger or weaker.

Mar 27

Note

For Lido DAO, we're taking 25% out now, locking in profits 💰 , as we believe we've encountered the peak of Wave (i) and are currently entering Wave (ii). We aim to catch the bottom as we did with the overarching Wave ((ii)) previously. Therefore, we're setting a new entry at the 50% level at $2.8146 with a stop loss just below the 78.6% level and also slightly below our initial entry, as we don't expect the price to drop further. We'll be moving our first entry up, but not to break even. Instead, we'll position it below the 127.2% level, where the entire price action reversed, because a double bottom could occur for the subordinate Wave (ii), and it would be unfortunate to be stopped out in such a scenario. A further sell-off seems unlikely to us, so we're placing a new long entry zone limit order.

We take out 25% here and we move our stop loss from the first entry to $2.1855