LOOPRING - LRC/USD - Daily - Technical analysis published on 05/16/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 0.260716 USD
My targets
0.225315 USD (-11.23%)
0.178914 USD (-29.51%)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.260716 USD remains possible. It is advisable to trade LOOPRING - LRC/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.260716 USD. The next bearish objective for sellers is set at 0.225315 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.178914 USD. PS: if there is a bullish break in the resistance located at 0.260716 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.3
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This analysis was given by MikeJones. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LOOPRING - LRC/USD rating is 0.253812 USD. The price is lower by -0.82% since the last closing with the lowest point at 0.253085 USD and the highest point at 0.259981 USD. The deviation from the price is +0.29% for the low point and -2.37% for the high point.0.253085
0.259981
0.253812
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
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 Daily chart of LOOPRING - LRC/USD indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
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
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.178914 | 0.225315 | 0.253812 | 0.260716 | 0.337623 | 0.442301 |
| Change (%) | -29.51% | -11.23% | - | +2.72% | +33.02% | +74.26% |
| Change | -0.074898 | -0.028497 | - | +0.006904 | +0.083811 | +0.188489 |
| Level | Major | Major | - | Major | Intermediate | 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 | 0.214084 | 0.224820 | 0.240365 | 0.251101 | 0.266646 | 0.277382 | 0.292927 |
| Camarilla | 0.248684 | 0.251093 | 0.253502 | 0.255911 | 0.258320 | 0.260729 | 0.263138 |
| Woodie | 0.216490 | 0.226022 | 0.242771 | 0.252303 | 0.269052 | 0.278584 | 0.295333 |
| Fibonacci | 0.224820 | 0.234859 | 0.241061 | 0.251101 | 0.261140 | 0.267342 | 0.277382 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.203339 | 0.222339 | 0.232504 | 0.251504 | 0.261669 | 0.280669 | 0.290834 |
| Camarilla | 0.234650 | 0.237323 | 0.239997 | 0.242670 | 0.245344 | 0.248017 | 0.250690 |
| Woodie | 0.198923 | 0.220130 | 0.228088 | 0.249295 | 0.257253 | 0.278460 | 0.286418 |
| Fibonacci | 0.222339 | 0.233480 | 0.240363 | 0.251504 | 0.262645 | 0.269528 | 0.280669 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.006914 | 0.102073 | 0.168937 | 0.277924 | 0.344788 | 0.453775 | 0.520639 |
| Camarilla | 0.187442 | 0.203562 | 0.219681 | 0.235801 | 0.251921 | 0.268040 | 0.284160 |
| Woodie | -0.027976 | 0.091542 | 0.147876 | 0.267393 | 0.323727 | 0.443244 | 0.499578 |
| Fibonacci | 0.102073 | 0.169248 | 0.210749 | 0.277924 | 0.345099 | 0.386600 | 0.453775 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.27 | |
| MACD (12,26,9): | -0.0090 | |
| Directional Movement: | 2.163759 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.239759 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.231277 | |
| Elder Ray (13): | 0.006984 | |
| Super Trend (3,10): | 0.291457 | |
| Zig ZAG (10): | 0.254622 | |
| VORTEX (21): | 0.9944 | |
| Stochastique (14,3,5): | 45.48 | |
| TEMA (21): | 0.246392 | |
| Williams %R (14): | -50.63 | |
| Chande Momentum Oscillator (20): | -0.003259 | |
| Repulse (5,40,3): | -2.2984 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.6523 | |
| Courbe Coppock: | 1.47 |
| MA7: | 0.246048 | |
| MA20: | 0.250110 | |
| MA50: | 0.285307 | |
| MA100: | 0.307427 | |
| MAexp7: | 0.249372 | |
| MAexp20: | 0.254272 | |
| MAexp50: | 0.277255 | |
| MAexp100: | 0.286591 | |
| Price / MA7: | +3.16% | |
| Price / MA20: | +1.48% | |
| Price / MA50: | -11.04% | |
| Price / MA100: | -17.44% | |
| Price / MAexp7: | +1.78% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -8.46% | |
| Price / MAexp100: | -11.44% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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