The opening price of LEO (Unus Sed Leo) was $1.52 on February 21, 2021. As of February 25, 2021, the closing price of LEO was $1.95. Thus, the LEO price has surged by approximately 28% in the past five days. In the last 24 hours, the LEO price has fluctuated between $1.89 and $1.96. However, yesterday, there were significant price corrections in the market. The price had touched a high point of $2.11 and dipped again. https://ift.tt/3ralFHn Technicals for the Day-Ahead and Tomorrow for LEO Currently, LEO is trading at $1.95. There hasn’t been much change from the opening price of $1.946. Overall, the market looks neutral. The A/D indicator was falling since morning. This implies that selling pressures were high. Hence, the price was falling or struggling to go up. However, for the last couple of hours, the A/D line has been rising steadily. Thus, buying volumes or accumulations are slowly picking up. Hence, the price may start rising. The RSI indicator is at 67%. It was at the 30% mark a few minutes back. Thereafter, it has rallied and reached the current level. Thus, buying volumes have increased in the market. They may soon overtake selling volumes. Hence, we can be bullish about the LEO price. The MACD and signal lines are positive too. A bullish crossover by the MACD line over the signal line gives further credence to a price rise. In short, the overall market momentum has turned positive now. However, the ADX line is falling. Thus, the bullish trend is not strong enough to sustain. The LEO price might start falling again. The current price is above the Fibonacci pivot point of $1.93. It is closer to the first Fibonacci pivot resistance level of $1.96. The price is expected to break out of this level soon. To sum up, overall the LEO price trend looks bullish. However, some intermittent price pullbacks as a part of the price adjustment process cannot be ruled out. Thus, the price may test the 23.6% FIB retracement level of $1.94 before rising again. Overall, we can expect this bull-run to continue tomorrow as well.
The post LEO Bullish with Intermittent Price Pullbacks – Technical Analysis appeared first on Cryptoknowmics-Crypto News and Media Platform.
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