Lido DAO (Binance: LDOUSDT) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com(log scale))
Elliott Wave Analysis
In Elliott Wave terms, LDO began a red wave one advance on June 18. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on June 21 and the red wave two (blue sub-waves a-b-c) correction ended on June 30. If this wave count is correct, LDO should be heading next towards the June 21 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Lido offers liquid staking for Ethereum, Solana, Kusama, Polkadot and Polygon. Coin Bureau reviewed the project one month ago.
(Sources: https://lido.fi/)
How Will Lido DAO Trade?
Lido DAO (Binance: LDOUSDT) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com(log scale))
Prizes
I will be giving upvotes to the correct answers (posts only).
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
LDO will takeout the June 21 peak
LDO will drop below the June 18 low
LDO will stay in a trading range between the June 18 low and the June 21 peak until August 12
LDO will stay in a trading range between the June 18 low and the June 21 peak until August 12
LDO will stay in a trading range between the June 18 low and the June 21 peak until August 12.
LDO will drop below the June 18 low