Technical analysis by VincentLusandi about Symbol LDO: Buy recommendation (4/9/2024)

Lido DAO is a community that builds liquid staking service for Ethereum. Lido allows users to earn staking rewards without locking assets or maintaining staking Goals of Lido DAO To allow users to earn staking rewards without fully locking their ether; To make it possible to earn rewards on as small a deposit as users want without restriction on deposits different than 32 ether; To reduce the risks of losing a staked deposit due to software failures or malicious third-parties; To provide the stETH token as a building block for other applications and protocols (e.g., as collateral in lending or other trading DeFi solutions); To provide an alternative to exchange staking, self-staking, and other semi-custodial and decentralized protocols Risk: security of smart contract, technical risk, beacon chain (main component of Ethereum 2.0, proof of stake (PoS) paving way for more efficiency in Ethereum blockchain)adoption risk. Short Term Trading/Price action Momentum APR 9 1. GOLDEN POCKET REVERSAL 2. WEEKLY WAIT N SEE RSI STOCH OVERBOUGHT 3. TRIPLE TAP POTENTIAL 4. HEALTHY VOLUME (ACCUMULATION?) 5.FALLING WEDGE ON PROGRESS 6. MACD HIGHER HIGHEntry Level Technical Analysis Feel free to comment and correct :D