Quit watching the Finex longs/shorts ratios since the last BTC run? Missing the very likely BTC pumps after the topped-out BTCSHORTS charts? How about a topped-out LEOSHORTS chart? I will take my long a little leveraged here sir, thank you.
Dear fellas, the price action for BITFINEX:LEOUSD has reached the bottom zone (i.e. around 0.961), this should be considered by traders as a strong support and give us a good buy opportunity.
Furthermore, since the beginning of October, the price action seemed to be consolidating between the bottom zone and the first resistance around (i.e. 1.012). The 1.012 area...
Somebody bought the fucking dip here. The POC around 1.04$ should act as resistance on a retest. From there I'd wait for a daily close above to look for longs; that or a successful retest of the 1.00$ range after tagging 1.04$.
LEOUSD looking really good, for long scenario. RSI is oversold and showing bullish divergence near strong technical and psychological 1$ resistance. Also, we can see good volumes near this resistance.
1st Target - 1.34$ (~28% potential ROI)
2nd Target - 1.8$ - 2$ (70%-90% potential ROI)
Support me with like, if u find my idea useful.
TIME TO TRADE!!!!
What do we have here? After the breakout out of the triangle LEO tries hard to turn this $1.27 - 1.28 level into a support. I am buying here with a tight $1.24 stop loss. This could be a bear flag, so stop loss is a must here.
LEO just touched an area of very strong confluence between two great demand levels and a zone of major support. Although there are some structure levels to be broken around $1.70, I believe price could easily reach $1.81 in the next weeks if buyers bring enough pressure.
The Steemleo platform is doing really good, so I hope we see this rally happening soon!
LEO appears to be in another accumulation phase, trying to break above 1.92USD (.618 fibs). It is climbing the bottom border of uptrend channel and slowly heading to target 2.00 USD (psychological resistance/target). Another possible targets visible.
This idea is for educative purposes only, not financial advice.
LEO is in a strong uptrend verse the dollar; since the beginning the chart price has bounced from the established trend line and makes a new ATH in 9 days. This chart is very new and my TA is trash but I think a new ATH is possible by the 9th day.
On the 4H chart LEO/BTC we can see how the price breaks out through bull flag resistance after stop hunting. This picture shows us the end of a correction and the start of a new bullrun.
Targets are on the chart, up to $2.4. Buy below $1.9, around $1.8.