🚀 $LDO is showing a potential technical setup!
The weekly chart for LDO/USDT on Bybit displays a macro consolidation and a potential double-bottom accumulation base around the 0.3000 to 0.3500 USDT range.
📈 The Technical Setup:
• The Pattern: Macro Double Bottom / Accumulation Base
• Short-term Target: 0.6500 USDT
• Macro Objective: 2.0000 USDT
• Market Structure: Accumulation and potential macro reversal
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.3000 - 0.3500 USDT
• Resistance: 0.4500 - 0.5000 USDT
• Breakout Level: 0.4200 USDT
• Stop Loss / Invalidation: 0.2800 USDT
📊 Confirmation:
• Volume: Standard accumulation volume visible during the base formation
• Momentum: Bullish reaction off the macro low forming a higher low structure
• Trend: Transitioning from macro downtrend to a range consolidation and potential reversal
⚠️ Invalidation:
A weekly candle close below the 0.2800 USDT major support level invalidates the bullish setup.
LDO is testing key structural support with visible upside projection paths if macro momentum continues.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#ldo #crypto #BinanceSquare #tradingview #TechnicalAnalysis
The weekly chart for LDO/USDT on Bybit displays a macro consolidation and a potential double-bottom accumulation base around the 0.3000 to 0.3500 USDT range.
📈 The Technical Setup:
• The Pattern: Macro Double Bottom / Accumulation Base
• Short-term Target: 0.6500 USDT
• Macro Objective: 2.0000 USDT
• Market Structure: Accumulation and potential macro reversal
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.3000 - 0.3500 USDT
• Resistance: 0.4500 - 0.5000 USDT
• Breakout Level: 0.4200 USDT
• Stop Loss / Invalidation: 0.2800 USDT
📊 Confirmation:
• Volume: Standard accumulation volume visible during the base formation
• Momentum: Bullish reaction off the macro low forming a higher low structure
• Trend: Transitioning from macro downtrend to a range consolidation and potential reversal
⚠️ Invalidation:
A weekly candle close below the 0.2800 USDT major support level invalidates the bullish setup.
LDO is testing key structural support with visible upside projection paths if macro momentum continues.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#ldo #crypto #BinanceSquare #tradingview #TechnicalAnalysis
