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LOOPRING - LRC/USD
LOOPRING - LRC/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: LRCUSD
ISIN:

LOOPRING - LRC/USD - 1H - Technical analysis published on 06/02/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
72%
6%
22%
My opinion
Bearish under 0.276106 USD
My targets
0.266045 USD (-1.54%)
0.263974 USD (-2.31%)
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 0.276106 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 0.276106 USD. The next bearish objective for sellers is set at 0.266045 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.263974 USD. In case of crossing, the next objective would be the support located at 0.241319 USD. PS: if there is a bullish break in the resistance located at 0.276106 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.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.7

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.

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15 min. Daily Weekly

Additional analysis

Quotes

The LOOPRING - LRC/USD rating is 0.270212 USD. The price is lower by -0.03% since the last closing and was between 0.269599 USD and 0.273190 USD. This implies that the price is at +0.23% from its lowest and at -1.09% from its highest.

0.269599
0.273190
0.270212

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of LOOPRING - LRC/USD in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of triangle

Type : Bullish

Timeframe : 1 hour



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish doji star

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.263974 0.266045 0.268715 0.270212 0.276106 0.283328 0.287642
Change (%) -2.31% -1.54% -0.55% - +2.18% +4.85% +6.45%
Change -0.006238 -0.004167 -0.001497 - +0.005894 +0.013116 +0.017430
Level Minor Intermediate Intermediate - Minor Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2594780.2625970.2664490.2695680.2734200.2765390.280391
Camarilla0.2683840.2690230.2696620.2703010.2709400.2715790.272218
Woodie0.2598450.2627800.2668160.2697510.2737870.2767220.280758
Fibonacci0.2625970.2652600.2669050.2695680.2722310.2738760.276539


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2347060.2500170.2601590.2754700.2856120.3009230.311065
Camarilla0.2633010.2656350.2679680.2703010.2726340.2749670.277301
Woodie0.2321220.2487250.2575750.2741780.2830280.2996310.308481
Fibonacci0.2500170.2597400.2657470.2754700.2851930.2912000.300923


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1411720.1804420.2263130.2655830.3114540.3507240.396595
Camarilla0.2487710.2565760.2643800.2721850.2799900.2877940.295599
Woodie0.1444740.1820920.2296150.2672330.3147560.3523740.399897
Fibonacci0.1804420.2129660.2330590.2655830.2981070.3182000.350724

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): 58.64
MACD (12,26,9): 0.0005
Directional Movement: 9.608939
AROON (14): 71.428571
DEMA (21): 0.271007
Parabolic SAR (0,02-0,02-0,2): 0.268581
Elder Ray (13): 0.001463
Super Trend (3,10): 0.272602
Zig ZAG (10): 0.272399
VORTEX (21): 1.1632
Stochastique (14,3,5): 67.38
TEMA (21): 0.272010
Williams %R (14): -19.34
Chande Momentum Oscillator (20): 0.002397
Repulse (5,40,3): 0.1913
ROCnROLL: 1
TRIX (15,9): 0.0099
Courbe Coppock: 1.91
MA7: 0.276879
MA20: 0.270646
MA50: 0.261269
MA100: 0.311727
MAexp7: 0.271417
MAexp20: 0.270609
MAexp50: 0.271205
MAexp100: 0.273221
Price / MA7: -2.41%
Price / MA20: -0.16%
Price / MA50: +3.42%
Price / MA100: -13.32%
Price / MAexp7: -0.44%
Price / MAexp20: -0.15%
Price / MAexp50: -0.37%
Price / MAexp100: -1.10%

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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Londinia AI

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