LEO TOKEN - LEO/USD - 1H - Technical analysis published on 06/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 6.01 USD
My targets
5.88 USD (-1.18%)
5.78 USD (-2.86%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on LEO TOKEN - LEO/USD as long as the price remains well below 6.01 USD. The sellers' bearish objective is set at 5.88 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.78 USD. In case of crossing, the next objective would be the support located at 5.53 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LEO TOKEN - LEO/USD rating is 5.95 USD. The price is lower by -0.17% since the last closing and was between 5.91 USD and 5.96 USD. This implies that the price is at +0.68% from its lowest and at -0.17% from its highest.5.91
5.96
5.95
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of LEO TOKEN - LEO/USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 5 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.78 | 5.88 | 5.93 | 5.95 | 5.96 | 6.01 | 6.04 |
| Change (%) | -2.86% | -1.18% | -0.34% | - | +0.17% | +1.01% | +1.51% |
| Change | -0.17 | -0.07 | -0.02 | - | +0.01 | +0.06 | +0.09 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.80 | 5.87 | 5.91 | 5.98 | 6.02 | 6.09 | 6.13 |
| Camarilla | 5.93 | 5.94 | 5.95 | 5.96 | 5.97 | 5.98 | 5.99 |
| Woodie | 5.80 | 5.86 | 5.91 | 5.97 | 6.02 | 6.08 | 6.13 |
| Fibonacci | 5.87 | 5.91 | 5.94 | 5.98 | 6.02 | 6.05 | 6.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.53 | 5.64 | 5.81 | 5.92 | 6.09 | 6.20 | 6.37 |
| Camarilla | 5.90 | 5.93 | 5.95 | 5.98 | 6.01 | 6.03 | 6.06 |
| Woodie | 5.56 | 5.66 | 5.84 | 5.94 | 6.12 | 6.22 | 6.40 |
| Fibonacci | 5.64 | 5.75 | 5.81 | 5.92 | 6.03 | 6.09 | 6.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.47 | 5.60 | 5.78 | 5.91 | 6.09 | 6.22 | 6.40 |
| Camarilla | 5.88 | 5.90 | 5.93 | 5.96 | 5.99 | 6.02 | 6.05 |
| Woodie | 5.50 | 5.61 | 5.81 | 5.92 | 6.12 | 6.23 | 6.43 |
| Fibonacci | 5.60 | 5.72 | 5.79 | 5.91 | 6.03 | 6.10 | 6.22 |
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): | 34.02 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -51.27 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 5.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.99 | |
| Elder Ray (13): | -0 | |
| Super Trend (3,10): | 5.97 | |
| Zig ZAG (10): | 5.96 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 82.14 | |
| TEMA (21): | 5.94 | |
| Williams %R (14): | -13.89 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.52 |
| MA7: | 5.97 | |
| MA20: | 5.97 | |
| MA50: | 5.91 | |
| MA100: | 5.83 | |
| MAexp7: | 5.95 | |
| MAexp20: | 5.97 | |
| MAexp50: | 5.98 | |
| MAexp100: | 5.98 | |
| Price / MA7: | -0.34% | |
| Price / MA20: | -0.34% | |
| Price / MA50: | +0.68% | |
| Price / MA100: | +2.06% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.34% | |
| Price / MAexp50: | -0.50% | |
| Price / MAexp100: | -0.50% |
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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