A few days ago I did my first analysis of the LEO token.
Today I bring you an analysis of support and resistance lines.
Let's see
As we see in the graph the price of LEO is moving through a side channel.
The price has double touched the floor creating a double support.
The previous floor of the $ 0.10 steem has now been converted into resistance in this token.
Currently the price is approximately $ 0.06 steem
Going back to $ 0.10 steem would be a 66% increase in profit
Not bad to continue accumulating LEO.
And what do you think?
Will LEO return at 10 cents of steem?
LEO TOKEN
More data:
Supply (Circulating / Total / Max)
3.916 M / 5.674 M / 1 B
Last: 0.062 STEEM / $0.00992 24h
Vol: 115 STEEM / $18.38
Bid: 0.062 STEEM Ask: 0.06783 STEEM
Issuer
@khaleelkazi
Description
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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
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So, do you just seriously analyse something that has $18 un trading vol?
I know that the volume is low, but it is a depth that started recently, that you have to look more in the long term.
Posted via Steemleo
I like your resistance line and didn't think of the floor until you pointed it out. Thanks.
Posted via Steemleo
Thank you for your vote and your participation and everyone's
Posted via Steemleo
LEO is a great HODL in my opinion. I keep accumulating for the long term.
I think this platform is going to be very big in the future.
Posted via Steemleo
I agree, I will also continue to accumulate LEO in my voting power.
Together we can grow the community.
It would be important that most of us keep the LEO tokens the price would go up and win the whole community.
Posted via Steemleo
We need green candles again, because otherwise the support becomes thinner and thinner.
I agree, there is still a great seller who has left long wicks on the last candles.
The important thing would be to fill that sales order and start seeing wide green candles.
Posted via Steemleo