The Price of WLEO Remains with the Ascending Channel even with the Recent Crypto Crazyness!

in LeoFinance7 days ago

The price of WLEO has done well in 2021. Yes, so have alot of other cryptos but what I like about WLEO's price action compared to many others is the steadyness.

Moving Up that Hill...

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Slow and Steady in Crypto???

Looking at the above daily chart you can see that price has been in an ascending channel since the beginning of the year.

I mean, you really can't ask for much more than that in terms of a solid uptrend.

A spike here and there...

This is not to say there hasn't been some spikes higher and lower like the other cryptos.

You can see the daily candle, going to the fourth candle back has a big price spike higher before ultimately closing back in the channel.

The cause of that is well known but just in case you missed it, some unknown whale came and swapped 40 ETH for WLEO.

It turned out to be short lived as they flipped back out hours later, but it made for a fun ride for a minute there!

Then you look at yesterday's candle and the spike lower. Well that one was just crypto market induced as just about every coin out that trades experienced the flash crash.

What is important is you see the wick bounced right off the support line of the channel.

Mostly order in the air...

Outside of those two outliers, price has been on an orderly climb higher.

This pace works just fine for me and I'm rooting for it to stay in this channel as long as possible!

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I saw that... did they buy the wrong LEO on accident perhaps?

not surprising
why is leo called leo when there was a billion dollar toke released a year before it existed
why hive is called hive after am established bitcoin mining company existed long before it

why this @lbi-token popped up after a big scam some eth token

just more ways to scam investors by the elite who control hive

Must of been, cus they came into discord asking what Leo was. Guess general chat didn't sell them on it hahaha.

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Might be the other LEO. 😁

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A very short joy of a physicist

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It turned out to be short lived as they flipped back out hours later, but it made for a fun ride for a minute there!

I didn't know they swapped back out. I think they might regret it later if LEO moons in the long term.

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They may supposed to buy the other LEO. But this is a good thing for our own LEO. 😁

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I don't understand charts well, but then again I am not a trader just an investor. I LIKE Leo so I am going to hang around. I learn a great deal from the posts I read. Thank you for your insights.

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