Hello dear crypto friends, and beautiful Tuesday to ya'll! ;)
LEO is a very interesting candidate, as it is an exchange coin just like BNB. (Albeit in this case it is fraught with problems because it was an emergency IEO of Bitfinex, to raise the missing $850 Million in funds.)
But nonetheless, we can clearly see the strength now having doubled from $1 to $2 in almost no amount of time. The 2 Dollar range should definitely show some psychological reaction from the bears.
In the previous analysis we had talked about the Ascending Triangle on the 4H:
=> The break didn't see much follow-through, but instead we build a beautiful EQ on the Daily as seen on the main post picture. We perfectly broke out of that with 25% profits.
So, definitely keep an eye on LEO, as Bitfinex might be listing the coin on other exchanges too. They're planning special deals for LEO holders, as CTO of the company Paolo Ardoino is not leaving a second out to tweet about it daily: twitter.com/paoloardoino
=> This should give the token fundamental strength, esp. since it is backed by one of the biggest crypto exchanges.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
LEO is a very interesting candidate, as it is an exchange coin just like BNB. (Albeit in this case it is fraught with problems because it was an emergency IEO of Bitfinex, to raise the missing $850 Million in funds.)
But nonetheless, we can clearly see the strength now having doubled from $1 to $2 in almost no amount of time. The 2 Dollar range should definitely show some psychological reaction from the bears.
In the previous analysis we had talked about the Ascending Triangle on the 4H:
=> The break didn't see much follow-through, but instead we build a beautiful EQ on the Daily as seen on the main post picture. We perfectly broke out of that with 25% profits.
So, definitely keep an eye on LEO, as Bitfinex might be listing the coin on other exchanges too. They're planning special deals for LEO holders, as CTO of the company Paolo Ardoino is not leaving a second out to tweet about it daily: twitter.com/paoloardoino
=> This should give the token fundamental strength, esp. since it is backed by one of the biggest crypto exchanges.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
