UNUS SED LEO - LEO/USD - 1H - Technical analysis published on 04/05/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 5.78 USD
My targets
5.61 USD (-1.46%)
5.02 USD (-11.72%)
My analysis
The bearish trend is currently very strong for LEO TOKEN - LEO/USD. As long as the price remains below the resistance at 5.78 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 5.61 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.02 USD as an objective. Crossing it would then enable sellers to target 4.90 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LEO TOKEN - LEO/USD rating 5.69 USD. The price has increased by +2.89% since the last closing and was traded between 5.53 USD and 5.95 USD over the period. The price is currently at +2.89% from its lowest and -4.37% from its highest.5.53
5.95
5.69
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LEO TOKEN - LEO/USD:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this LEO TOKEN - LEO/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.67 | 4.17 | 4.90 | 5.69 | 5.78 | 5.93 | 6.00 |
| Change (%) | -35.50% | -26.71% | -13.88% | - | +1.58% | +4.22% | +5.45% |
| Change | -2.02 | -1.52 | -0.79 | - | +0.09 | +0.24 | +0.31 |
| Level | Intermediate | Major | Minor | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.89 | 5.21 | 5.37 | 5.69 | 5.85 | 6.17 | 6.33 |
| Camarilla | 5.40 | 5.44 | 5.49 | 5.53 | 5.57 | 5.62 | 5.66 |
| Woodie | 4.81 | 5.17 | 5.29 | 5.65 | 5.77 | 6.13 | 6.25 |
| Fibonacci | 5.21 | 5.39 | 5.51 | 5.69 | 5.87 | 5.99 | 6.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.91 | 5.96 | 6.02 | 6.07 | 6.13 | 6.18 | 6.24 |
| Camarilla | 6.06 | 6.07 | 6.08 | 6.09 | 6.10 | 6.11 | 6.12 |
| Woodie | 5.93 | 5.96 | 6.04 | 6.07 | 6.15 | 6.18 | 6.26 |
| Fibonacci | 5.96 | 6.00 | 6.03 | 6.07 | 6.11 | 6.14 | 6.18 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.46 | 4.05 | 5.02 | 5.61 | 6.58 | 7.17 | 8.14 |
| Camarilla | 5.57 | 5.71 | 5.86 | 6.00 | 6.14 | 6.29 | 6.43 |
| Woodie | 3.66 | 4.15 | 5.22 | 5.71 | 6.78 | 7.27 | 8.34 |
| Fibonacci | 4.05 | 4.64 | 5.01 | 5.61 | 6.20 | 6.57 | 7.17 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.60 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -15.30 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 5.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.53 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 5.93 | |
| Zig ZAG (10): | 5.72 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 44.59 | |
| TEMA (21): | 5.74 | |
| Williams %R (14): | -63.31 | |
| Chande Momentum Oscillator (20): | -0.29 | |
| Repulse (5,40,3): | -2.8600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 5.72 |
| MA7: | 5.90 | |
| MA20: | 6.04 | |
| MA50: | 5.38 | |
| MA100: | 4.72 | |
| MAexp7: | 5.76 | |
| MAexp20: | 5.86 | |
| MAexp50: | 5.92 | |
| MAexp100: | 5.97 | |
| Price / MA7: | -3.56% | |
| Price / MA20: | -5.79% | |
| Price / MA50: | +5.76% | |
| Price / MA100: | +20.55% | |
| Price / MAexp7: | -1.22% | |
| Price / MAexp20: | -2.90% | |
| Price / MAexp50: | -3.89% | |
| Price / MAexp100: | -4.69% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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