Londinia Opportunities Analyses - 12/03/2021 (GMT) LEO TOKEN - LEO/USDT - 1H

LEO TOKEN - LEO/USDT
- USDT (-)
- Real time data - Cryptocompare
Type: Cryptocurrencies
Ticker: LEOUSDT
ISIN:

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • Cryptocurrencies
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 3.52 USDT
My targets
3.67 USDT (+3.17%)
3.87 USDT (+8.71%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on LEO TOKEN - LEO/USDT as long as the price remains well above 3.52 USDT. The buyers' bullish objective is set at 3.67 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.87 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5

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Additional analysis

Quotes

The LEO TOKEN - LEO/USDT price is 3.56 USDT. On the day, this instrument gained +3.49% with the lowest point at 3.44 USDT and the highest point at 3.57 USDT. The deviation from the price is +3.49% for the low point and -0.28% for the high point.

3.44
3.57
3.56

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of LEO TOKEN - LEO/USDT indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 3.34 3.45 3.52 3.56 3.58 3.87
Change (%) -6.18% -3.09% -1.12% - +0.56% +8.71%
Change -0.22 -0.11 -0.04 - +0.02 +0.31
Level Minor Major Minor - Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.963.113.283.433.603.753.92
Camarilla3.353.383.413.443.473.503.53
Woodie2.963.123.283.443.603.763.92
Fibonacci3.113.243.313.433.563.633.75


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.512.792.953.233.393.673.83
Camarilla2.983.023.063.103.143.183.22
Woodie2.442.762.883.203.323.643.76
Fibonacci2.792.963.073.233.403.513.67


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.022.362.853.193.684.024.51
Camarilla3.123.203.273.353.433.503.58
Woodie2.112.402.943.233.774.064.60
Fibonacci2.362.672.873.193.503.704.02

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 58.99
MACD (12,26,9): 0.0200
Directional Movement: 9.37
AROON (14): 64.29
DEMA (21): 3.53
Parabolic SAR (0,02-0,02-0,2): 3.44
Elder Ray (13): 0.03
Super Trend (3,10): 3.42
Zig ZAG (10): 3.53
VORTEX (21): 1.1000
Stochastique (14,3,5): 81.57
TEMA (21): 3.53
Williams %R (14): -28.09
Chande Momentum Oscillator (20): 0.00
Repulse (5,40,3): -0.3100
ROCnROLL: 1
TRIX (15,9): 0.1000
Courbe Coppock: 2.25
MA7: 3.35
MA20: 3.22
MA50: 3.20
MA100: 3.07
MAexp7: 3.52
MAexp20: 3.50
MAexp50: 3.46
MAexp100: 3.42
Price / MA7: +6.27%
Price / MA20: +10.56%
Price / MA50: +11.25%
Price / MA100: +15.96%
Price / MAexp7: +1.14%
Price / MAexp20: +1.71%
Price / MAexp50: +2.89%
Price / MAexp100: +4.09%

Quotes : - Real time data - Cryptocompare