$LDOUSDT: Trend about to accelerate again
Wonder what the catalyst is here, perhaps renewed interest in liquid staking and restaking protocols (Eigenlayer)?
Mid and long term charts are aligned here, showing clear bullishness, so if you enter long positions this week, you may benefit from rather immediate upside, which will make price get further away from the danger zone where the trade would be invalidated (and where your stop should sit, or alert to gtfo, at least), which would be below $1.52...
Best of luck if you go long or are already holding!
Cheers,
Ivan Labrie.
Mid and long term charts are aligned here, showing clear bullishness, so if you enter long positions this week, you may benefit from rather immediate upside, which will make price get further away from the danger zone where the trade would be invalidated (and where your stop should sit, or alert to gtfo, at least), which would be below $1.52...
Best of luck if you go long or are already holding!
Cheers,
Ivan Labrie.
Note
So far, so good...Quarterly trend is now bullish as well...
Note
So far, so good, new highs here, breakout above the base...Relative strength off the charts today, with a very weak down day for most coins, good sign.
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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.