Greetings Friends, today I made a technical but a valid financial analysis of the Leo token using the candle chart from Leodex.io trade interface. This anatomy is a guide to any credible investor who wishes to hold the Leo token.
Although there are fundamental issues and other technically concerned parameters that could contribute to the growth or price increase of an asset whether in the short run or possibly the long run like; circulating capital, liquidity rate, trade volume, quantity of burned token,and other market operations etc.
As a trader, I could also use just the candle chart in determining the imminent and future trend of an asset but not with a definite price because of the rate of volatility in crypto token mechanics.
Checking into the leodex.io UI, I made a pretty analysis over this token and believe it would serve most of us who are interested in holding the Leo token.
screenshotted from leodex.io and edited by myself.
The trend was intercepted by another stronger resistance position creating a few fakeouts and then took a bear trend.
Currently the Leo market has hit another stron support position after retesting the previous support position. Consequently, the market has consolidated enough and is set for a strong bull trend.
My advice is that; this is actually the best time to hold or buy the Leo token against entering the market when the price has already gone very high.
The Leo market is not going bearish any time soon so buy and hold or power up the token if you're satisfied with my analysis.
I have been a trader of crypto currency for long and also understands how the system works through psychological inference.
There are other technical tools which could be used in tracking possible trend or position of a token other than the price chart flow alone.
Consequently we have tools like: MA's MACD's, Parabolic SAR, EMA's finanboci amongst others which are also credible indicators that could help traders to either enter or exit the market successfully.
Based on my findings, the Leo token has consolidated enough and is fully set for a long bull run. Be an early bird in this regard to scoop the benefit in this market.
My assertion over the current trend of the Leo market is not a perpetual advice but will be valid after a few weeks from the day of this publication.
I wish to streamline more credible trend analysis using the leodex.io UI in the future to the benefit of everyone following my blog.
Thanks for checking on my financial advice and analysis for today. The screenshot in this publication was taken personally from leodex.io and edited using imarkup. I also made the analysis personally which was as a result of the knowledge gained from trading cryptocurrency over the years both as a spot and a future trader on Binance.
I'm convinced that you learned something from this publication, even if you aren't buying, I'm convinced you've gained pretty knowledge of the different strategic positions of the market using the Leo token market position. Thanks, bye and hope to see you in my next publication.