Lido DAO / LDOUSD is inside a short term Channel Down pattern that is within a larger Channel Up.
The price is now near the top of the Channel Down. As long as it stays under it, short and wait for a lower bottom but at 1.5000.
If it crosses above the Channel Down and closes a 1day candle, buy the break out.
In both cases, target 3.5000.
In 1day RSI terms the two bearish waves are identical and this implies that there is one last Low left to make.
Previous chart:
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The price is now near the top of the Channel Down. As long as it stays under it, short and wait for a lower bottom but at 1.5000.
If it crosses above the Channel Down and closes a 1day candle, buy the break out.
In both cases, target 3.5000.
In 1day RSI terms the two bearish waves are identical and this implies that there is one last Low left to make.
Previous chart:
Follow us, like the idea and leave a comment below!!
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