UNUS SED LEO (Bitfinex: LEOUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, LEO began a wave one advance on May 21. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 26, and the red wave two (blue sub-waves a-b-c) correction ended on July 19. If this wave count is correct, LEO should be heading next towards the June 26 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The LEO token is an exchange utility token for current and future iFinex trading platforms and services. Young And Investing reviewed the token back in June this year.
(Sources: UNUS SED LEO and YouTube)
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