LEO price went up after touching the bottom line consolidation zone. LEO price is in consolidation zone for 2 years. I shared this pattern a few years. It is still at picking up level and It was great to pick up LEO price from 0,025 USD where is the bottom of consolidation zone.
Here you can see daily chart of LEO. The bottom line of consolidation zone supported LEO price 4 times before. It is great support for LEO price and It is very hard to break down. Even LEO Price is up 50% from the bottom, it is still discounted. Here you can see the consolidation channel on LEO Price chart. LEO price went up 0,16 USD this year where was the target of breaking up the top line of channel. This is the top line of upper channel.
LEO price is still at the middle level of consolidation channel. So, this is why It is great time to pick up discounted LEO.
Here you can see the indicators on LEO price chart. There were lots of downtrend lines on the indicators. LEO price broke up these resistance and This is why LEO price went up fast. The downtrend line on Fisher Indicator resisted 4 times before, MACD Indicator reversed from the bottom, RSI Indicator broke up downtrend line. These are major reasons that LEO price went up.
So, There is no resistance on LEO price chart until the top line of consolidation zone.
0,10 USD is the first target of LEO price chart. It is great resistance for LEO. We will see if it breaks up or reverse..
We will see..
Posted Using InLeo Alpha