LOOPRING - LRC/USD - 1H - Technical analysis published on 07/11/2023 (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:
Bullish
Underlying:
Bullish
Technical indicators
56%
22%
22%
My opinion
Bullish above 0.223311 USD
My targets
0.230745 USD (+1.67%)
0.238689 USD (+5.17%)
My analysis
A bullish trend on LOOPRING - LRC/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 0.223311 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.230745 USD. Then the price could move towards 0.238689 USD. Then 0.246391 USD by extension. Be careful, a return below 0.223311 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.6
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Additional analysis
Quotes
LOOPRING - LRC/USD rating 0.226947 USD. The price is lower by -0.01% since the last closing and was between 0.225606 USD and 0.264674 USD. This implies that the price is at +0.59% from its lowest and at -14.25% from its highest.0.225606
0.264674
0.226947
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of LOOPRING - LRC/USD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.210678 | 0.218011 | 0.223311 | 0.226947 | 0.230745 | 0.238689 | 0.246391 |
| Change (%) | -7.17% | -3.94% | -1.60% | - | +1.67% | +5.17% | +8.57% |
| Change | -0.016269 | -0.008936 | -0.003636 | - | +0.003798 | +0.011742 | +0.019444 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.194373 | 0.205993 | 0.216481 | 0.228101 | 0.238589 | 0.250209 | 0.260697 |
| Camarilla | 0.220889 | 0.222916 | 0.224942 | 0.226969 | 0.228996 | 0.231022 | 0.233049 |
| Woodie | 0.193807 | 0.205710 | 0.215915 | 0.227818 | 0.238023 | 0.249926 | 0.260131 |
| Fibonacci | 0.205993 | 0.214438 | 0.219656 | 0.228101 | 0.236546 | 0.241764 | 0.250209 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.183990 | 0.203649 | 0.215959 | 0.235618 | 0.247928 | 0.267587 | 0.279897 |
| Camarilla | 0.219478 | 0.222408 | 0.225339 | 0.228269 | 0.231200 | 0.234130 | 0.237061 |
| Woodie | 0.180316 | 0.201812 | 0.212285 | 0.233781 | 0.244254 | 0.265750 | 0.276223 |
| Fibonacci | 0.203649 | 0.215861 | 0.223406 | 0.235618 | 0.247830 | 0.255375 | 0.267587 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.094944 | 0.145743 | 0.188493 | 0.239292 | 0.282042 | 0.332841 | 0.375591 |
| Camarilla | 0.205517 | 0.214092 | 0.222668 | 0.231243 | 0.239818 | 0.248394 | 0.256969 |
| Woodie | 0.090920 | 0.143731 | 0.184469 | 0.237280 | 0.278018 | 0.330829 | 0.371567 |
| Fibonacci | 0.145743 | 0.181479 | 0.203556 | 0.239292 | 0.275028 | 0.297105 | 0.332841 |
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): | 56.81 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 58.201786 | |
| AROON (14): | 64.285714 | |
| DEMA (21): | 0.227787 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.226308 | |
| Elder Ray (13): | 0.000851 | |
| Super Trend (3,10): | 0.225619 | |
| Zig ZAG (10): | 0.227649 | |
| VORTEX (21): | 1.0493 | |
| Stochastique (14,3,5): | 9.31 | |
| TEMA (21): | 0.228506 | |
| Williams %R (14): | -93.90 | |
| Chande Momentum Oscillator (20): | -0.001194 | |
| Repulse (5,40,3): | -7.6205 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0611 | |
| Courbe Coppock: | 1.11 |
| MA7: | 0.227777 | |
| MA20: | 0.231394 | |
| MA50: | 0.243338 | |
| MA100: | 0.289659 | |
| MAexp7: | 0.227522 | |
| MAexp20: | 0.226643 | |
| MAexp50: | 0.226038 | |
| MAexp100: | 0.227245 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | -1.92% | |
| Price / MA50: | -6.74% | |
| Price / MA100: | -21.65% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.40% | |
| Price / MAexp100: | -0.13% |
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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