What is going on with this layer 2 token?

Well, let's take a closer look from a #PEPT perspective.

The following chart is my creation based on a collection of daily spot checks.

The blue line is the spot price. Usually I complete one check per day and sometimes a few more as needed.

The red line is the moving average of the last 20 spot checks while the orange line is the moving average of the last 40 checks.

Comparing Moving Averages(MA) is the most simple Technical Analysis(TA) you can do on any token. In fact, you can use it on any tradeable item that involves human interaction. It is an effective way of measuring perceived value. You are invited to subscribe to Project ePayTraffic(PEPT) Hive community to Learn Before you Earn from your online activities.

https://peakd.com/c/hive-102963/created

From our moving average analysis, LEO has offered several opportunity to profit from trading since I joined Hive in March 2023.

Now let us look at a Candlestick chart, a more complicated Technical Indicator.

It sure looks different than our MA chart. In fact, the Candlestick chart is not a good indicator for this type of token activity.

Now we look at the buying and selling forecast.

It looks fairly balanced. No great pressure to sell and not a lot of buying power displayed at this time.

Is LEO a Hold, Buy or Sell?

You will need to make that decision based on your own purpose and strategy for playing this token. I say playing, cause that is what I like to do. Play and have the by-product of my playing contribute to growing some digital assets. This is a risky token so I only use play money. Once my long term confidence increases I will adjust strategies as necessary to support the future value of our Project ePayTraffic(PEPT) traffic exchanging token.

Currently, I am unstaking some tokens, selling some and expect to sell more while preparing to buy back at a lower price.

For you, well why not share some feedback. You can use my information in your decision process for your LEO tokens. Alternatively, I invite you to look in more detail as to what my online business is all about. If you want to join me in making some extra money, you can pickup some PEPT tokens. I will do everything I can to grow the token value of PEPT and you can decide when you want to sell for a profit.

#LUV and positive energy to all.

Posted Using InLeo Alpha