Long

Lido DAO

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The recent Lido DAO (LDO) price analysis has proven highly accurate. On Friday, June 21, the recommendation was to short LDO at the resistance level of $2.30, with an expected drop to the $2.00 support level. As predicted, the price reached a low of $1.991, validating the strategy and the identified golden pocket between $1.997 and $2.016. 
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 <img loading="lazy" decoding="async" width="1024" height="670" src="https://crypto.news/app/uploads/2024/06/LDOUSD_2024-06-24_13-46-42-1024x670.png" alt="Lido DAO prediction results in 19.99% gains within 72 hours - 18"> 
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 TradingView Fibonacci Retracement
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Initiating short positions on June 21 at around $2.245, or even at the close of the day at $2.263, would have resulted in an impressive 11.62% profit. 
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 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/06/LDOUSD_2024-06-24_13-48-16-1024x668.png.webp"> 
 <img loading="lazy" decoding="async" width="1024" height="668" src="https://crypto.news/app/uploads/2024/06/LDOUSD_2024-06-24_13-48-16-1024x668.png" alt="Lido DAO prediction results in 19.99% gains within 72 hours - 19"> 
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 TradingView Short Position Return
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Additionally, the recommendation to reenter at $2.00 also proved correct. At the time of writing, Lido has reached a high of $2.199 for the day. Reentering at $2.00 and exiting at approximately $2.15 would have yielded another 7.5% profit. 
 Read more: <a href="https://crypto.news/chart-of-the-week-will-lido-dao-ldo-bull-run-continue/" rel=""> Chart of the week: Will Lido DAO (LDO) bull run continue </a> 
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 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/06/LDOUSD_2024-06-24_13-49-43-1024x668.png.webp"> 
 <img loading="lazy" decoding="async" width="1024" height="668" src="https://crypto.news/app/uploads/2024/06/LDOUSD_2024-06-24_13-49-43-1024x668.png" alt="Lido DAO prediction results in 19.99% gains within 72 hours - 20"> 
 </picture> 
 <figcaption class="wp-element-caption">
 TradingView Long Position Return
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</figure> 
Considering both the short position and the subsequent long position, a $100 investment would have realized a total profit of $19.99 or 19.99% within about 72 hours. 
The effectiveness of the Chart of the Week analysis will continue to manifest in the long term, but the prediction success rate currently stands at 100%. Stay tuned for future analyses each Friday.

Lido DAO prediction results in 19.99% gains within 72 hours

crypto.news

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