LOOPRING - LRC/USD - 1H - Technical analysis published on 05/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 0.302100 USD
My targets
0.287328 USD (-1.10%)
0.273585 USD (-5.83%)
My analysis
LOOPRING - LRC/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.302100 USD. The next support located at 0.287328 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.273585 USD. Below this support, sellers could then target 0.217316 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LOOPRING - LRC/USD rating 0.290516 USD. The price registered an increase of +1.36% on the session with the lowest point at 0.286231 USD and the highest point at 0.291056 USD. The deviation from the price is +1.50% for the low point and -0.19% for the high point.0.286231
0.291056
0.290516
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LOOPRING - LRC/USD:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of LOOPRING - LRC/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.187260 | 0.217316 | 0.273585 | 0.290516 | 0.314426 | 0.322309 | 0.325847 |
| Change (%) | -35.54% | -25.20% | -5.83% | - | +8.23% | +10.94% | +12.16% |
| Change | -0.103256 | -0.073200 | -0.016931 | - | +0.023910 | +0.031793 | +0.035331 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Minor |
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 | 0.236878 | 0.259469 | 0.273046 | 0.295637 | 0.309214 | 0.331805 | 0.345382 |
| Camarilla | 0.276678 | 0.279993 | 0.283309 | 0.286624 | 0.289939 | 0.293255 | 0.296570 |
| Woodie | 0.232372 | 0.257216 | 0.268540 | 0.293384 | 0.304708 | 0.329552 | 0.340876 |
| Fibonacci | 0.259469 | 0.273285 | 0.281821 | 0.295637 | 0.309453 | 0.317989 | 0.331805 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.262681 | 0.287328 | 0.302100 | 0.326747 | 0.341519 | 0.366166 | 0.380938 |
| Camarilla | 0.306031 | 0.309644 | 0.313258 | 0.316871 | 0.320484 | 0.324098 | 0.327711 |
| Woodie | 0.257743 | 0.284859 | 0.297162 | 0.324278 | 0.336581 | 0.363697 | 0.376000 |
| Fibonacci | 0.287328 | 0.302386 | 0.311689 | 0.326747 | 0.341805 | 0.351108 | 0.366166 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.136403 | 0.230220 | 0.284532 | 0.378349 | 0.432661 | 0.526478 | 0.580790 |
| Camarilla | 0.298109 | 0.311687 | 0.325266 | 0.338844 | 0.352423 | 0.366001 | 0.379580 |
| Woodie | 0.116651 | 0.220344 | 0.264780 | 0.368473 | 0.412909 | 0.516602 | 0.561038 |
| Fibonacci | 0.230220 | 0.286805 | 0.321764 | 0.378349 | 0.434934 | 0.469893 | 0.526478 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 37.35 | |
| MACD (12,26,9): | -0.0058 | |
| Directional Movement: | -12.684999 | |
| AROON (14): | -21.428571 | |
| DEMA (21): | 0.288495 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.303159 | |
| Elder Ray (13): | -0.003709 | |
| Super Trend (3,10): | 0.311922 | |
| Zig ZAG (10): | 0.285928 | |
| VORTEX (21): | 0.9202 | |
| Stochastique (14,3,5): | 23.88 | |
| TEMA (21): | 0.286494 | |
| Williams %R (14): | -75.23 | |
| Chande Momentum Oscillator (20): | -0.001489 | |
| Repulse (5,40,3): | 4.4436 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2672 | |
| Courbe Coppock: | 4.70 |
| MA7: | 0.324391 | |
| MA20: | 0.338944 | |
| MA50: | 0.353678 | |
| MA100: | 0.361348 | |
| MAexp7: | 0.289226 | |
| MAexp20: | 0.295527 | |
| MAexp50: | 0.305608 | |
| MAexp100: | 0.314497 | |
| Price / MA7: | -10.44% | |
| Price / MA20: | -14.29% | |
| Price / MA50: | -17.86% | |
| Price / MA100: | -19.60% | |
| Price / MAexp7: | +0.45% | |
| Price / MAexp20: | -1.70% | |
| Price / MAexp50: | -4.94% | |
| Price / MAexp100: | -7.63% |
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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