UNUS SED LEO (LEO) - July 21Hello?
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The short-term Stop Loss is when it falls from the uptrend line.
If you get support at the 1.0899 point, there is a chance that an additional rise will come out.
We need to see if it can rise above 1.2114 during the volatility period.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
LEOUSD
UNUS SED LEO (LEO) - July 5Hello?
Dear Traders, Nice to meet you.
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By "following" you can always get new information quickly.
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We need to make sure we can get support at point 1.2435.
Also, if you fall, you need to make sure you get support at the 1.2114 point.
If you rise above the 1.3389 point, I think you will complete the letter'V'.
I climbed over 1.2114 points to complete the'V' character, but when I climbed over 1.3389 points, I think the uppercase'V' character was completed.
Depending on how you do sideways from above 1.3389, I think you can create a new wave or you can fall as it is.
If it falls below the 1.0899 point, I think it will fall into the mid- to long-term investment area.
As the investment period can be long, I think that careful trading is necessary.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
UNUS SED LEO (LEO) - June 27 (1W)Hello?
Dear Traders, Nice to meet you.
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By "following" you can always get new information quickly.
Thank you for always supporting.
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It is rising while making a'V'.
The capital letter'V' must rise above 1.3389 to complete.
At present, I think the lowercase'v' is completed.
We need to make sure we can get support at point 1.2114.
You should also check if you can rise above the 1.3389 point.
Below 1.0899, I think it is a mid- to long-term investment area.
Accordingly, I think it is good to trade when it rises above 1.0899.
The point where you can create a new wave is 1.3389, which I think is meaningful.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
LEOUSD : Good buy opportunity (bottom zone)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 could be considered as a first profit target before further upward movements.
Risk management : to anticipate a potential downward movement, a stop loss can be set around 0.936 which is just below the last bottom (i.e. 0.941) on October 9th. Considering the actual entry price (i.e. around 0.961) and a second profit target (resistance around 1.071), this gives traders a good R/R ratio of about 4.83.
If the price actually goes as predicted, traders should keep a trailing stop to keep some profit
N.B : since it is difficult to predict every market movement, it is suggested for traders to only look for trades with a R/R ratio of at least 1:3. Remember, trading should be kept simple in order to survive.
I will keep updating this trade according the future price action.
Fellas, please support this idea with your likes, thanks.
Best regards,
Jordan
LEO-USD Accumulation > Next TargetsLEO 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 on the way to 2 Dollars!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
=> 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.