Brief Analysis ——LDO
The brief analysis yesterday received a lot of discussion in our community. So we continue to bring a brief analysis of 3 tokens which are participating ETHCC conference today. They are LDO, NEAR and ICP.
LST is one of the tracks that have attracted much attention this year, and Lido leads them all. Lido was also present at the ETHCC conference in Paris.
From the chart, LDO is fluctuating in a large range. Since early May, the range has become relatively narrow. So on a large scale, the trend remains neutral. After the price hit the upper rail of the range last Friday, bears increased, pin-bar formed, and the price rapidly fell, close to recovering the gains on Thursday. The transaction volume is basically the same as before.
Conclusion: Mostly fluctuation. From May, whether the price is rising near the upper rail or falling near the lower rail, the strength in the other direction has increased.On a small scale, the gap between the bulls and the bears is small and the bears are currently slightly ahead. But the rate of decline has slowed down and the V-shaped reversal is close to completion. So we come to this conclusion. We set resistance level at 2.45 and support level at 1.6.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
LST is one of the tracks that have attracted much attention this year, and Lido leads them all. Lido was also present at the ETHCC conference in Paris.
From the chart, LDO is fluctuating in a large range. Since early May, the range has become relatively narrow. So on a large scale, the trend remains neutral. After the price hit the upper rail of the range last Friday, bears increased, pin-bar formed, and the price rapidly fell, close to recovering the gains on Thursday. The transaction volume is basically the same as before.
Conclusion: Mostly fluctuation. From May, whether the price is rising near the upper rail or falling near the lower rail, the strength in the other direction has increased.On a small scale, the gap between the bulls and the bears is small and the bears are currently slightly ahead. But the rate of decline has slowed down and the V-shaped reversal is close to completion. So we come to this conclusion. We set resistance level at 2.45 and support level at 1.6.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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