LEO Technical Analysis | Projection and personal investment opinion
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Leofinance
is one of the most successful projects that are on the Blockchain of HIVE, its easy handling, versatility and information offered is simply sensational, for me that I am an active trader in the trading, I feel like at home, since I can write in my blog about the financial markets that I follow more and I know that my content will be seen and appreciated by other users within this community.
On the other hand, we also share knowledge from several in the community that have a high knowledge about investments and that is what it is all about, sharing knowledge and doing it through LEOFINANCE, of course investing in this project in my opinion has been very good, speaking purely of speculation, however, I am also about to increase my participation in the platform, to also be able to support other content creators and also appreciate all the information regarding investment, markets, cryptomonies that are provided through it.
Based on the above, I will make a small technical analysis of this currency, according to the graph shown in the LeoDex platform, which is the exchange that I recommend to make exchanges of various tokens and of course the LEO.
LEO Technical Analysis
Screenshot of LEODEX
Leo has had an impressive increase in its price in the last few months and weeks and it is the first external token based on the HIVE block chain that is being driven out of it, with its recent listing in the decentralized exchange called UNISWAP, however, LEODEX is a very dynamic and easy to use platform and offers us a lot of information to be able to technically analyze what the price might do according to its path in the chart.
At first glance I see that the price has risen a lot, reaching a clear resistance, which I marked with a "Green"
color line, of course, this increase in price tells us that there is currently a healthy upward trend in the asset, so I could paint a "Yellow"
upward trend line, where both lines, "Green and Yellow"
, formed a clear "Ascending Triangle"
, where the theory of this pattern chartist tells us that, the highest probability of rupture of this triangle is up, so I could graph some arrows in the yellow graph, pointing out the possible movement that may have the price in the coming weeks or months, making the break of this triangle, making a pullback to the line to seek confirmation and more strength and follow its path upwards.
Another perspective
Of course, in the technical analysis we handle probabilities, so the above mentioned may not happen, for this reason also mark with lines of color "Red"
, the most important points that has marked the price in its path upwards, being at this time at the time of writing this article, points of "supports"
important to take into account, if this "Ascending triangle"
does not come to break upwards. In that sense, surely if this happens, the price of going backwards, should test these points, in order to endure the setback.
Conclusions
LEOFINANCE
, seems to me an excellent project and I invite all of us who make life in this community to continue promoting this great project, so that more people join us and can share their experiences related to investment and financial markets. On the other hand, this is not a direct recommendation to invest in LEO, but it is a very good opportunity to get some LEOs and invest with conscience always doing your own research.
Now technically speaking looking at the chart, it looks excellent, making its normal corrections as in any market, but keeping its current trend line very strong.
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Posted Using LeoFinance Beta
Indeed LEO is lifting off this days with the latest LEO Finance developments and planned wLEO launch on Uniswap. A great ecosystem built around finance and cryptocurrencies and dedicated applications on this - LeoDex, LeoPedia and HiveStats.
These are pillars of trust and good speakers for investing in the future.
Posted Using LeoFinance Beta
I completely agree with a very complete project and platform that really makes me feel at home, with all that LEO has to offer. @behiver
Posted Using LeoFinance Beta
That's how I see the chart too, if it breaks down to the lower level some dry powder would be nice to have here!
Posted Using LeoFinance
That's right, it's a good level, even with a worst-case scenario, I'll accumulate as much as I can. @tbnfl4sun
Posted Using LeoFinance Beta
https://twitter.com/leninmiguel21/status/1307827767212486656
https://twitter.com/leninmiguel21/status/1307828357934059522
Interesting analysis. I always love to keep tabs on TA of the LEO price and see how it plays out 🦁 I've got this bookmarked. Let's see if you're right!
Posted Using LeoFinance Beta
Excellent, it is an incredible project, with everything that is happening around LEO, the projection is really promising
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What's the overall price target?
Dear greetings thank you for commenting @jrcornel, I have several goals, but I really have several goals according to the maxims you have made.
I hope you will test again the historical maximum that I make the price of LEO approximately in the 1.1 HIVE for each 1 LEO, that would be the first one.
Then my second goal would be, another historical maximum above this point, that is, above 1.2 HIVE for every 1 LEO.
Of course, all of this depends on how the price continues, so far it is having a strong support in the zone of 0.6 HIVE for every 1 LEO.
Posted Using LeoFinance Beta