Hello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
LEO is forming a double-bottom pattern. If it holds the primary support at $0.000398 and breaks out above the 21 EMA resistance, LEO could rebound by 180% from the current market price (CMP).
However, given the market uncertainty, if LEO fails to hold the primary support level and breaks down below it, a further decline to as low as $0.00021 is likely.
Key Points:
~ Primary Support: $0.000398. ~ Lower Support: $0.00021. ~ Resistance: 21 EMA at $0.00052. ~ RSI: Gaining bullish momentum. ~ Target range: 180%. ~ Invalidation Point: A breakdown and close below $0.000398.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.