LEO–USD daily chart.

LEO–USD daily chart.

Gate Trade LEO Saturday, April 4, 2020 837 0

The bulls have not been able to start a new up move following the breakout above $1.04. This shows a lack of buyers at higher levels. On April 2, Unus Sed Leo (LEO) dipped back below $1.04 but found support at the 20-day EMA at $1.019. This is a minor positive as it shows buying at lower levels. LEO–USD daily chart. Source: Tradingview​​​​​​​ LEO–USD daily chart. Source: Tradingview Currently, the bulls are attempting to maintain the LEO/USD pair above $1.04. If successful, we anticipate the pair to pick up momentum on a break above $1.06. Our bullish view will be invalidated if the price again drops below $1.04 and slides below the 20-day EMA at $1.021. Therefore, we suggest traders retain the stop loss on their long positions at $0.097.