📈 Daily TA: LEO (LEO/HIVE)

Hello, dear members of LeoFinance!

Today I will analyze the price chart of LEO token against HIVE (LEO/HIVE)

So, the daily price chart of LEO is quite interesting: LEO/HIVE is approaching the all-time high (ATH) that was in the range between 1.80-1.95: Theoretically, the ATH is some kind of psychological resistance.That's why it may serve as a resistance level which is worth keeping an eye on.

As a solid support level I consider the parity. It is worth mentioning that even when the hack on wLEO happened the price of LEO declined rapidly, but it rebounded within the same day and was able to stabilize at the parity level. So even that negative event couldn't keep LEO below the parity. That's why I consider it as a very solid support level for LEO.

At the end, I would like to mention that HIVE is trading at the moment at approximately 0.1100$-0.1150$ which is relatively low level. In my view, if the price of HIVE rebounds and start to increase, then LEO/HIVE may stop to rise and even pull back. However, it may turn out that in dollar terms both tokens (LEO and HIVE) will increase.

To be continue...

Dear Leo Financiar, what are you thoughts on LEO/HIVE?

p.s. as of time of writing one LEO costs 1.6501 HIVE, according to leodex.io.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last 14+ years, and as a cryptocurrency analyst for the last 3+ years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency trades, investments and etc.

Learn How To Earn PRE Tokens By Using Presearch Decentralized Search Engine

Join the crypto exchange Binance: https://www.binance.com/en/register?ref=28017531 Join the crypto exchange Bittrex: https://bittrex.com/Account/Register?referralCode=3GB-QAJ-BMW

Posted Using LeoFinance ^Beta

📈 Daily TA: LEO (LEO/HIVE) | 08-11-2020