LDO Analysis- 👀
Technically, the asset is globally in an uptrend, locally there was a correction within a descending wedge, during which a strong support at 1.55$-1.75$ and the 0.786 Fibonacci level were tested. The correction was deep, the asset received a good bounce from the specified zone on increased volumes, on lower timeframes a trend reversal to the upside is in progress. I expect further growth and a breakthrough of the upper trend pattern. 📈
🤑Pattern completion - resistance at 3.4$-3.55$.
🤚Overall, I expect a maximum update and explosive growth of the asset. I’ll consider consolidation zones as we approach the $10 level.
