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Early LeoFinance Price Action and How Easy it is to Move the Market

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forexbrokr.
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Direct from the desk of Dane Williams.



With such light volumes, I'm not going to do any tecnical analysis on the LEO chart, but the latest piece of price action is certainly worth highlighting none the less.

The last time we spoke about the price action in LEO was in our last what is LeoFinance blog, when price was on its tear.

Well take a look at the updated LEO daily chart from LeoDex below and take a look at that reversal.

HIVE/LEO Daily:

You can see that price has since pulled back, with simple profit taking after a vertical rally the obvious explination.

I know that @empoderat has was a major contributer to the pump, happy to buy at any price to accumulate his 40,000+ stake and the following comment in @uyobong's buy the LEO dip blog seems to hint he was equally responsible for the dip.

"In fact... I'm the one who dumped the price of LEO to 0,1 HIVE.

I sold ~3K LEO into the 0,165 LEO/HIVE price.

Then I sold 1 single LEO to dip the price a beautiful 40%. If people want to sell, let them sell at a lower price.

Glad to see that you're taking advantage of the dip ;)"

What this does show, is that so early on in the life of the LEO market, there's still no point in even worrying about price.

All it takes is a single motivated buyer or seller and the amount of volume soaked up can move price in some significant multiples.

In the grand scheme of things, if you're here reading this and interested in accumulating LEO, you're still early enough that you really shouldn't be worrying about what price you're buying at and especially not market moves like this.

Just keep accumulating and you'll be in excellent shape as the LEO market matures alongside HIVE itself.

Best of probabilities to you,

Dane.



FOREX BROKR | Hive Blog Higher time frame market analysis.

Posted Using LeoFinance