LOOPRING - LRC/USD - 1H - Technical analysis published on 09/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 0.192506 USD
My targets
0.208205 USD (+4.67%)
0.228961 USD (+15.11%)
My analysis
The bullish trend is currently very strong on LOOPRING - LRC/USD. As long as the price remains above the support at 0.192506 USD, you could try to benefit from the boom. The first bullish objective is located at 0.208205 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.228961 USD as an objective. Crossing it would then enable buyers to target 0.245049 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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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 0.198910 USD. The price has increased by +10.66% since the last closing with the lowest point at 0.179451 USD and the highest point at 0.204078 USD. The deviation from the price is +10.84% for the low point and -2.53% for the high point.0.179451
0.204078
0.198910
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of LOOPRING - LRC/USD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.184332 | 0.188038 | 0.192506 | 0.198910 | 0.245049 | 0.305186 | 0.362074 |
| Change (%) | -7.33% | -5.47% | -3.22% | - | +23.20% | +53.43% | +82.03% |
| Change | -0.014578 | -0.010872 | -0.006404 | - | +0.046139 | +0.106276 | +0.163164 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | 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 | 0.169188 | 0.172796 | 0.176273 | 0.179881 | 0.183358 | 0.186966 | 0.190443 |
| Camarilla | 0.177803 | 0.178452 | 0.179102 | 0.179751 | 0.180401 | 0.181050 | 0.181699 |
| Woodie | 0.169124 | 0.172763 | 0.176209 | 0.179848 | 0.183294 | 0.186933 | 0.190379 |
| Fibonacci | 0.172796 | 0.175502 | 0.177174 | 0.179881 | 0.182587 | 0.184259 | 0.186966 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.151589 | 0.162611 | 0.170461 | 0.181483 | 0.189333 | 0.200355 | 0.208205 |
| Camarilla | 0.173120 | 0.174850 | 0.176580 | 0.178310 | 0.180040 | 0.181770 | 0.183500 |
| Woodie | 0.150002 | 0.161818 | 0.168874 | 0.180690 | 0.187746 | 0.199562 | 0.206618 |
| Fibonacci | 0.162611 | 0.169820 | 0.174274 | 0.181483 | 0.188692 | 0.193146 | 0.200355 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.065191 | 0.115245 | 0.147076 | 0.197130 | 0.228961 | 0.279015 | 0.310846 |
| Camarilla | 0.156388 | 0.163894 | 0.171400 | 0.178906 | 0.186412 | 0.193918 | 0.201424 |
| Woodie | 0.056079 | 0.110689 | 0.137964 | 0.192574 | 0.219849 | 0.274459 | 0.301734 |
| Fibonacci | 0.115245 | 0.146525 | 0.165850 | 0.197130 | 0.228410 | 0.247735 | 0.279015 |
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): | 80.57 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 34.268383 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.181334 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.179063 | |
| Elder Ray (13): | 0.004847 | |
| Super Trend (3,10): | 0.177508 | |
| Zig ZAG (10): | 0.185846 | |
| VORTEX (21): | 1.0895 | |
| Stochastique (14,3,5): | 74.52 | |
| TEMA (21): | 0.182489 | |
| Williams %R (14): | -21.60 | |
| Chande Momentum Oscillator (20): | 0.008719 | |
| Repulse (5,40,3): | -1.0489 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0460 | |
| Courbe Coppock: | 4.40 |
| MA7: | 0.182154 | |
| MA20: | 0.184037 | |
| MA50: | 0.206310 | |
| MA100: | 0.222227 | |
| MAexp7: | 0.181921 | |
| MAexp20: | 0.179898 | |
| MAexp50: | 0.179045 | |
| MAexp100: | 0.179619 | |
| Price / MA7: | +9.20% | |
| Price / MA20: | +8.08% | |
| Price / MA50: | -3.59% | |
| Price / MA100: | -10.49% | |
| Price / MAexp7: | +9.34% | |
| Price / MAexp20: | +10.57% | |
| Price / MAexp50: | +11.09% | |
| Price / MAexp100: | +10.74% |
Quotes :
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Real time data
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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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