LCX - LCX/USD - 1H - Technical analysis published on 04/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 0.346476 USD
My targets
0.372974 USD (+2.05%)
0.385753 USD (+5.54%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.346476 USD remains possible. It is advisable to trade LCX - LCX/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.346476 USD. The next bullish objective for buyers is set at 0.372974 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.385753 USD. If there is any crossing, the next objective would be the resistance located at 0.401727 USD. PS: if there is a bearish break in the support located at 0.346476 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LCX - LCX/USD price is 0.365499 USD. The price registered a decrease of -1.49% on the session with the lowest point at 0.358564 USD and the highest point at 0.375377 USD. The deviation from the price is +1.93% for the low point and -2.63% for the high point.0.358564
0.375377
0.365499
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of LCX - LCX/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 9 are neutral and 5 are bearish. The Central Indicators scanner found this result concerning these indicators:
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.299330 | 0.327653 | 0.346476 | 0.365499 | 0.372974 | 0.385753 | 0.401727 |
| Change (%) | -18.10% | -10.35% | -5.20% | - | +2.05% | +5.54% | +9.91% |
| Change | -0.066169 | -0.037846 | -0.019023 | - | +0.007475 | +0.020254 | +0.036228 |
| Level | Minor | Major | Minor | - | Minor | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.324735 | 0.335605 | 0.353325 | 0.364195 | 0.381915 | 0.392785 | 0.410505 |
| Camarilla | 0.363182 | 0.365803 | 0.368423 | 0.371044 | 0.373665 | 0.376286 | 0.378906 |
| Woodie | 0.328159 | 0.337318 | 0.356749 | 0.365908 | 0.385339 | 0.394498 | 0.413929 |
| Fibonacci | 0.335605 | 0.346527 | 0.353274 | 0.364195 | 0.375117 | 0.381864 | 0.392785 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.124852 | 0.184244 | 0.276897 | 0.336289 | 0.428942 | 0.488334 | 0.580987 |
| Camarilla | 0.327738 | 0.341675 | 0.355613 | 0.369550 | 0.383488 | 0.397425 | 0.411362 |
| Woodie | 0.141483 | 0.192559 | 0.293528 | 0.344604 | 0.445573 | 0.496649 | 0.597618 |
| Fibonacci | 0.184244 | 0.242325 | 0.278208 | 0.336289 | 0.394370 | 0.430253 | 0.488334 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.079942 | 0.150792 | 0.260164 | 0.331014 | 0.440386 | 0.511236 | 0.620608 |
| Camarilla | 0.319974 | 0.336494 | 0.353015 | 0.369535 | 0.386055 | 0.402576 | 0.419096 |
| Woodie | 0.099202 | 0.160423 | 0.279424 | 0.340645 | 0.459646 | 0.520867 | 0.639868 |
| Fibonacci | 0.150792 | 0.219637 | 0.262170 | 0.331014 | 0.399859 | 0.442392 | 0.511236 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.41 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -0.620764 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.365061 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.358734 | |
| Elder Ray (13): | -0.000724 | |
| Super Trend (3,10): | 0.358383 | |
| Zig ZAG (10): | 0.365058 | |
| VORTEX (21): | 0.9220 | |
| Stochastique (14,3,5): | 32.45 | |
| TEMA (21): | 0.362984 | |
| Williams %R (14): | -65.19 | |
| Chande Momentum Oscillator (20): | -0.009884 | |
| Repulse (5,40,3): | -0.1420 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0009 | |
| Courbe Coppock: | 4.06 |
| MA7: | 0.354736 | |
| MA20: | 0.307925 | |
| MA50: | 0.276200 | |
| MA100: | 0.236837 | |
| MAexp7: | 0.364258 | |
| MAexp20: | 0.365475 | |
| MAexp50: | 0.363329 | |
| MAexp100: | 0.358132 | |
| Price / MA7: | +3.03% | |
| Price / MA20: | +18.70% | |
| Price / MA50: | +32.33% | |
| Price / MA100: | +54.33% | |
| Price / MAexp7: | +0.34% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | +2.06% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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