LEO/USDT Technical Analysis: Double Bottom Pattern.

١ يوليو

Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

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.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE