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- The coin is trading at $2.95 around 1.19% up form the previous level
- The coin is on the verge of breakout will the coin able to break the resistance to start the bull run
- The coin is trading at 0.00009378 BTC around 1.66% up and 0.001544 ETH 0.66% down with respect to ethereum and bitcoin
The coin was founded by iFinex in 2019. It’s designed to be used on the Bitfinex cryptocurrency exchange as a way of reducing trading, lending, and other exchange fees. The coin has the market capitalization of $2,905,198,747.57 and the circulating supply of 953,954,130.00 LEO. The coin has very consolidated and very less volume which indicates the upcoming major move in the coin. The last 24hrs vol of the coin is $3,007,664.
Chart Analysis
According to chart analysis we find out that the coin had formed the double bottom pattern which is a bullish reversal pattern. Currently the coin is consolidating near its upper band. If the coin is able to break the resistance zone then we can see a big bull run in the coin that can take the coin to new all time high.
Indicator Analysis
According to indicator analysis we can see that the coin is trading above its all major EMA. 200 EMA acts as a major support zone for the coin.
RSI is trading at 63.65 near to its oversold zone the coin shows no sign of any divergence in the coin
In MACD we can see that the MACD line is above the signal line but the MACD line is turning downward towards the signal line for crossover. Decreasing histograms shows decreasing bullish momentum in the coin
MAJOR SUPPORT AND RESISTANCE ZONE IN THE COIN IS AT
S1= $2.059 AND S2= $ 1.847
R1= $2.97 AND R2= $ 3.32
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
