LEO
LEO/USDT Technical Analysis: Double Bottom Pattern.Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
LEO is forming a double-bottom pattern. If it holds the primary support at $0.000398 and breaks out above the 21 EMA resistance, LEO could rebound by 180% from the current market price (CMP).
However, given the market uncertainty, if LEO fails to hold the primary support level and breaks down below it, a further decline to as low as $0.00021 is likely.
Key Points:
~ Primary Support: $0.000398.
~ Lower Support: $0.00021.
~ Resistance: 21 EMA at $0.00052.
~ RSI: Gaining bullish momentum.
~ Target range: 180%.
~ Invalidation Point: A breakdown and close below $0.000398.
DYOR. NFA.
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WBT vs LEO | +850%?? | WhiteBIT vs BitfinexDon't show it to anyone, so that there is someone to sell it to at a high price!
Decided to compare asset charts to both BTC and USD pairs.
It’s interesting that even the charts with BTC pair are very similar: in terms of timing, visually, etc.
LEO — token from bitfinex that makes a buyout of tokens and burns them
WBT — a token from whitebit, makes a buyout of tokens and burns them
LEO — does not have a futures pair, only spot
WBT — has no futures pair, only spot
LEO — BUY signal on Real Charts from the SemanticRSI indicator after the first correction. After that, there was constant slow growth (I think due to the constant redemption of tokens). Then strong growth in the active market +850%
WBT — the same signal
LEO — launch in 2019 at the bottom of the market
WBT — launch in 2022 at the bottom of the market
Interesting: perhaps strategic m-making is like in football, there are certain strategies of the game that are chosen according to the technical and fundamental characteristics of the team
Details: assets don’t have much liquidity. You may say "this is a problem!". However... study the trading volume of LEO. You will see that during the period of slow growth, the volume was ~$15 million/day, and then it grew as actively as possible throughout the year with a volume 10-15 times less.
PS: +850% growth for WBT is a price of $50+ 😳
Bitfinex's LEO Token: An Unconventional Investment OpportunityAs I made a case for FTT and have made a case for COIN and GBTC before, I want to keep sharing some unique charts and cases. Again, my FTT idea was banned (from a little mistake), so I just reposted it and want to continue with more special cases. By special cases, I mean stuff that looks weird, infeasible, or tricky, where sentiment is leaning against my case, while there could be a significant catalyst that helps the trade.
In my previous ideas, I went deep on some of those, and in the idea below, I shared some extra ones, like LEO. For example, FTT had people very negative about FTX being bankrupt, yet FTX might be revived, boosting the token's price. COIN had everyone bearish due to the SEC lawsuit, yet it's pumping hard, as most of the news was priced in, and Coinbase might win against the SEC. GBTC had a massive discount as everyone was bearish and worried, yet an ETF is coming. So what about LEO?
LEO is a token created by Bitfinex, an exchange token with some 'special' rights. Those rights are that if Bitfinex gets the 2016 hacked coins back, it will distribute 80% to LEO holders. The FBI caught the hackers 1-1.5 years ago and is sitting on those coins. I assume that it will eventually give Bitfinex the coins back. If they don't, LEO will crash, but if they do, LEO could easily do a 2-3x from here.
As you can see in the chart above, if the price of LEOBTC goes up to the highs it reached when the FBI caught the hackers, that's a 150% increase. Is it reasonable? The current market cap of LEO, in BTC terms, is 120k BTC. The hacked coins were 120k BTC. 80% of that is 96k BTC will go into buying back LEO tokens, and the rest to the Bitfinex team and shareholders.
I expect that Bitfinex will get a big boost from this. As Binance is in a bad state, Bitfinex could capitalize on this opportunity. They have been making tremendous progress on many fronts, and I believe that this could be a significant catalyst. Giving 3B back to LEO holders and Shareholders is massive. The publicity will be huge too.
The main issue against my idea is that LEO is the second biggest exchange token, yet Bitfinex isn't in the top exchanges by real volume. That means that, to a large extent, LEO has the return of the coins priced in because its price would otherwise not be so high.
In my opinion, there is a chance that they will give the coins back to Bitfinex holders, potentially before the launch of the ETF, to cause selling pressure on the Bitcoin price. As BTC faces selling pressure from several 'sides' (Mt.Gox, US gov, Bitfinex, Bankrupt companies), prominent players/whales may use that opportunity to scoop cheap coins before the ETF launch.
LEOUSD Triple bullish test ahead. Maybe the best opportunity.It has been a (very) long time since we last looked at LEOUSD. In fact it has been since February 05 2022 when we accurately projected the Fibonacci Target Zone with its All Time High (ATH) coming just 3 days later:
As the price is rebounding and hit the 1D MA50 (blue trend-line) again so quickly after the dump 2 weeks earlier, it is about time to look at LEO's enormous buy opportunities. First of all, while the price has been on Lower Lows since September 24, the 1W RSI has been on Higher Lows, indicating a strong Bullish Divergence. Secondly, the November 09 Low was made exactly on the Fibonacci 1.0 level, which was the top of the previous Buy Zone (0.0 - 1.0).
There is a Triple Resistance barrier ahead. First it is the Lower Highs trend-line since the September 01 High (dashed line). A break above should most likely target the 1D MA200 (orange trend-line) for the first time since also September 02 and that can lead to the ultimate Bear Cycle test of the Lower Highs trend-line by the February 09 2022 All Time High.
Failure to break that, will keep LEOUSD within the 1.0 - 2.0 Fibonacci levels, i.e. our new Buy Zone, that will inevitably break the February Lower Highs early in 2023. A break above it before though, can kick-start an aggressive medium-term rally, the first into the new Bull Cycle, targeting the 3.0 Fib. In both cases, LEO is at levels where long-term investors should consider buying.
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💡Don't miss the great buy opportunity in LEOUSD @bitfinexTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (5.5).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LEOUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 5.9
TP2= @ 6.1
TP3= @ 6.3
TP4= @ 6.7
TP5= @ 7.4
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in LEOUSD @bitfinexTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (5.5).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LEOUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 5.9
TP2= @ 6.1
TP3= @ 6.3
TP4= @ 6.7
TP5= @ 7.4
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
LEO is doing what LEO does.LEOUSD is having one of its best weeks, so far reaching a +63% rise. Since the March 2020 market bottom, it has been rising parabolically smashing every Fibonacci extension after the other. Yesterday the price came near the Fib 5.0 extension as it did on the May 13 2021 High.
A similar rise (+58%) was done in February 2021. If Fib 5.0 breaks, the target should be the Fib 6.0 extension. If not, a pull-back will be required back to the 1D MA50 (blue trend-line) in order to confirm a new Higher Low. This could be on the prior All Time High and former Resistance.
Undoubtedly, LEO seems one of the best long-term investments in the market.
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Hive up 243% in 63 Days Thanks to SplinterlandsSince we saw the breakout 30 days ago, Hive is up 77%. Timing is everything and we can't thank enough Splinterlands for that. The huge number of players that this game brought to Hive is amazing. This new cashflow is putting pressure on the price, and from what a see in last Arcange and Hivetsat posts, Hive users have been powering up and more and more Hive is Withdrawn from the exchange like Bittrex and Binance. That's a great gamechanger that could bring Hive price to the height we saw Steem in 2008 (8.57$), well maybe not but we can dream.
let's quickly take a look at the charts.
From the start we can see on the volume profile chart that we have a strong support at 0.53$ and a resistance is forming at 0.596$.
On the weekly chart we can see we're still in a ascending channel. The least square moving average (blue line) is about to cross de midline (dotted line) following the one I traced meaning we can expect (if things continue this way) the price to climb to the orange Bband (0.71$), which I'm not expecting before sept. 20th... but who knows with all the new SPS players.
Next targets stay the same:
t1: 0.71
t2: 0.83
buy-in 0.42-0.53
ps potential breakout coming soon. The 13 September is not really a timeframe, I was just comparing the chart to Bitcoin, and I think we might have a better understanding of what is coming next depending on where BTC go. Obviously, if BTC bullish trend continues, Hive we'll see his previous ATH before 2022.
Thank you again for reading me.
Good luck and good Profits.
GGP
UNUS SED LEO (LEO) • Bitfinex coin set to outperform its peersLEO token is finally set to outperform coins like BNB or FTT (other exchange coins) after prolonged delay
Since this token barely moved for quite long time and we are seeing some healthy momentum on the chart. It is likely this will print new highs soon.
Set potential target but I actually believe the best approach here is to follow the trend since as it is very likely we will see some significant price advances.
Trading bellow 2.8 invalidate this bullishness and is back into "neutral" waters.
UNUS SED LEO (LEO) • Probably not late to jump into next move Bitfinex's coin LEO is looking like is building volume and momentum for significant move. This coin have been in a strong and very annoying consolidation for last month and half but barely saw any significant drawdown as compared to other major coins.
I think time is coming for this to continue to next target.
LEOPERP (LEO) – Ready to pop!BUY: 2.098 – 2.125
TARGETS:
1) Trail stop – let it run. This could go very high.
STOP: When a 4h candle closes below 1.949.
Rationale:
-Price is accumulating at resistance and has not been affected by Bitcoin’s recent movements, which tells us this coin is showing a lot of strength.
-The RSI is compressing within a pennant and the range has been getting tighter as it approaches the apex. It has now reached the apex and is ready to break.
-A diagonal support has formed for the price (white line) which corresponds with the 100EMA. The 100EMA has been acting as strong support during the uptrend and the price is currently well above it. This confluence tells us it should be a very strong support level.
When this coin breaks through the resistance level it will run hard!
Your risk, your reward. This is not financial advice.
Happy trading.