LEOBULLUSD trade ideas
lONGUNUS SED LEO the native token of Bitfinex made history by raising the highest amount in an IEO to an extent of 1 billion dollars. It lost its support of $1.28 and started dropping below for months. Recently, it established a support at $1.16, started gaining momentum and flipped the resistance of $1.28 to support. It has started showing signs of a good rally. Once LEO flips $1.35 to support, we can see a move towards $1.40, $1.50, $1.71 and $1.90.
Possible Falling Wedge On LEO-PERP Futures 4HRWe seem to be forming a solid falling wedge on the 4HR chart for LEO futures on FTX.
This one is quite volatile , so we want to wait for full confirmation before entering, however we can start a basic trade plan now.
We start by measuring the height of the pattern and multiplying by our chances of reaching our target (0.62 or ~62%),
this gives us our expected move from breakpoint.
Entry: AFTER we fully close above the pattern , and preferably after one full bar has opened AND closed beyond the pattern for full confirmation.
TP: Approximately 0.0617 away from break point.
SL: Previous swing low, currently at 1.1599, but HIGHLY likely to change before pattern breakout.
I will update this one as it plays out.
Pattern information: thepatternsite.com
LEOUSDTOMOUSDT
Entonnoir : W/D/H4 (swing)
AT précédente en intraday parfaitement réalisée.
Configuration intéressante sur LEO où la future sortie de compression daily (jaune) pourrait, si elle est assez puissante, déboucher sur un double signal D/W qui casserait donc également la compression weekly (blanc) à la hausse.
A surveiller.
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Funnel : W/D/H4 (swing)
Interesting setup on LEO where a potential bullish daily compression breakout (yellow) might give us a double breakout D/W that would then also break the weekly compression (white).
Added to the watchlist.
LEO - see what will happend soon.This is my another chart. I want show You LEO and UVU coin which can be profitable for You in next weeks.
LEO is forming perfect W Shape which mean that You should wait a little bit to buy it . First target will be 1$.
BUY : www.hotbit.io
CHECK :https://coinpaprika.com/coin/uvu-ccuniverse/
SITE : ccuniverse.org
I am suggesting to invest in altcoin like : UVU which is new coin but with great perspective. Why UVU ? Because their unique vision based on crypto atm and recharge stations for electric cars . This european project got first successes behind them like listing on big Hotbit Exchange - You can trade there without K-Y-C so registration is easy and fast - brilliant model for less experienced users.
Look into it:
www.hotbit.io
Moreover the price is still cheap it means BIG space to grow. Team predicted that price for 1 UVU should be a round 0.2 USD in March and now its just 0.0028 USD !
Also the cirrculation supply isnt big so it also work for future profit because many coins could be in Yours hand for less payment .
Think serious about investition like this !
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Check the chart :
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
Good chance for 2xHi, guys!
LEOUSD looking really good, for long scenario. RSI is oversold and showing bullish divergence near strong technical and psychological 1$ resistance. Also, we can see good volumes near this resistance.
1st Target - 1.34$ (~28% potential ROI)
2nd Target - 1.8$ - 2$ (70%-90% potential ROI)
Support me with like, if u find my idea useful.
TIME TO TRADE!!!!
Cheers
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.