LOOPRING - LRC/USD

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- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	LRCUSD
ISIN:

LOOPRING - LRC/USD - Daily - Technical analysis published on 07/17/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

22%

44%

My opinion

Bearish under 0.239292 USD

My targets

0.210678 USD (-8.37%)

0.187260 USD (-18.55%)

My analysis

The bearish trend is currently very strong for LOOPRING - LRC/USD. As long as the price remains below the resistance at 0.239292 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.210678 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.187260 USD as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.7

Comment on the analysis

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 LOOPRING - LRC/USD rating is 0.229915 USD. The price is lower by -0.02% since the last closing and was between 0.227927 USD and 0.239846 USD. This implies that the price is at +0.87% from its lowest and at -4.14% from its highest.

0.227927

0.239846

0.229915

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by LOOPRING - LRC/USD:

Technical

Technical analysis of this Daily chart of LOOPRING - LRC/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

On the 18 technical indicators analysed, 6 are bullish, 8 are neutral and 4 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.187260	0.210678	0.229915	0.273388	0.362074	0.427148
Change (%)	-18.55%	-8.37%	-	+18.91%	+57.48%	+85.79%
Change	-0.042655	-0.019237	-	+0.043473	+0.132159	+0.197233
Level	Minor	Major	-	Minor	Minor	Intermediate

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	0.216146	0.222554	0.226262	0.232670	0.236378	0.242786	0.246494
Camarilla	0.227188	0.228115	0.229043	0.229970	0.230897	0.231825	0.232752
Woodie	0.214796	0.221879	0.224912	0.231995	0.235028	0.242111	0.245144
Fibonacci	0.222554	0.226418	0.228806	0.232670	0.236534	0.238922	0.242786

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.169179	0.193591	0.215850	0.240262	0.262521	0.286933	0.309192
Camarilla	0.225275	0.229553	0.233831	0.238109	0.242387	0.246665	0.250944
Woodie	0.168103	0.193053	0.214774	0.239724	0.261445	0.286395	0.308116
Fibonacci	0.193591	0.211419	0.222434	0.240262	0.258090	0.269105	0.286933

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	48.26
MACD (12,26,9):	-0.0011
Directional Movement:	14.066412
AROON (14):	7.142857
DEMA (21):	0.230111
Parabolic SAR (0,02-0,02-0,2):	0.217823
Elder Ray (13):	0.001510
Super Trend (3,10):	0.252890
Zig ZAG (10):	0.231413
VORTEX (21):	1.0049
Stochastique (14,3,5):	32.25
TEMA (21):	0.235411
Williams %R (14):	-71.96
Chande Momentum Oscillator (20):	-0.001921
Repulse (5,40,3):	-4.3741
ROCnROLL:	2
TRIX (15,9):	-0.0937
Courbe Coppock:	1.15

MA7:	0.233414
MA20:	0.231881
MA50:	0.236882
MA100:	0.282379
MAexp7:	0.232734
MAexp20:	0.232537
MAexp50:	0.244254
MAexp100:	0.266588
Price / MA7:	-1.50%
Price / MA20:	-0.85%
Price / MA50:	-2.94%
Price / MA100:	-18.58%
Price / MAexp7:	-1.21%
Price / MAexp20:	-1.13%
Price / MAexp50:	-5.87%
Price / MAexp100:	-13.76%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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