LEO TOKEN - LEO/USD - 1H - Technical analysis published on 09/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 5.48 USD
My targets
4.90 USD (-8.92%)
4.17 USD (-22.49%)
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 5.48 USD. The sellers' bearish objective is set at 4.90 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.17 USD. In case of crossing, the next objective would be the support located at 3.65 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 confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.7
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Additional analysis
Quotes
The LEO TOKEN - LEO/USD price is 5.38 USD. The price registered a decrease of -1.83% on the session with the lowest point at 5.33 USD and the highest point at 5.59 USD. The deviation from the price is +0.94% for the low point and -3.76% for the high point.5.33
5.59
5.38
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
A study of price movements over other periods shows the following variations:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of LEO TOKEN - LEO/USD in 1H shows a overall strongly 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.65 | 4.17 | 4.90 | 5.38 | 5.48 | 5.52 | 5.57 |
| Change (%) | -32.16% | -22.49% | -8.92% | - | +1.86% | +2.60% | +3.53% |
| Change | -1.73 | -1.21 | -0.48 | - | +0.10 | +0.14 | +0.19 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Major |
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 | 5.05 | 5.23 | 5.35 | 5.53 | 5.65 | 5.83 | 5.95 |
| Camarilla | 5.40 | 5.43 | 5.45 | 5.48 | 5.51 | 5.54 | 5.56 |
| Woodie | 5.03 | 5.22 | 5.33 | 5.52 | 5.63 | 5.82 | 5.93 |
| Fibonacci | 5.23 | 5.34 | 5.41 | 5.53 | 5.64 | 5.71 | 5.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.65 | 5.71 | 5.79 | 5.85 | 5.93 | 5.99 | 6.07 |
| Camarilla | 5.84 | 5.85 | 5.87 | 5.88 | 5.89 | 5.91 | 5.92 |
| Woodie | 5.67 | 5.72 | 5.81 | 5.86 | 5.95 | 6.00 | 6.09 |
| Fibonacci | 5.71 | 5.76 | 5.79 | 5.85 | 5.90 | 5.93 | 5.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.43 | 5.53 | 5.71 | 5.81 | 5.99 | 6.09 | 6.27 |
| Camarilla | 5.80 | 5.83 | 5.85 | 5.88 | 5.91 | 5.93 | 5.96 |
| Woodie | 5.46 | 5.55 | 5.74 | 5.83 | 6.02 | 6.11 | 6.30 |
| Fibonacci | 5.53 | 5.64 | 5.71 | 5.81 | 5.92 | 5.99 | 6.09 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.65 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -8.98 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 5.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.63 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 5.56 | |
| Zig ZAG (10): | 5.37 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 7.52 | |
| TEMA (21): | 5.39 | |
| Williams %R (14): | -90.35 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | -0.7500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 4.19 |
| MA7: | 5.67 | |
| MA20: | 5.80 | |
| MA50: | 5.81 | |
| MA100: | 5.82 | |
| MAexp7: | 5.40 | |
| MAexp20: | 5.46 | |
| MAexp50: | 5.53 | |
| MAexp100: | 5.63 | |
| Price / MA7: | -5.11% | |
| Price / MA20: | -7.24% | |
| Price / MA50: | -7.40% | |
| Price / MA100: | -7.56% | |
| Price / MAexp7: | -0.37% | |
| Price / MAexp20: | -1.47% | |
| Price / MAexp50: | -2.71% | |
| Price / MAexp100: | -4.44% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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