LEO is doing what LEO does.

5 Feb 2022

LEOUSD is having one of its best weeks, so far reaching a +63% rise. Since the March 2020 market bottom, it has been rising parabolically smashing every Fibonacci extension after the other. Yesterday the price came near the Fib 5.0 extension as it did on the May 13 2021 High.

A similar rise (+58%) was done in February 2021. If Fib 5.0 breaks, the target should be the Fib 6.0 extension. If not, a pull-back will be required back to the 1D MA50 (blue trend-line) in order to confirm a new Higher Low. This could be on the prior All Time High and former Resistance.

Undoubtedly, LEO seems one of the best long-term investments in the market.



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