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.
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