LOOPRING - LRC/USD - 1H - Technical analysis published on 08/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.127665 USD
My targets
0.134171 USD (+1.90%)
0.140752 USD (+6.90%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on LOOPRING - LRC/USD as long as the price remains well above 0.127665 USD. The buyers' bullish objective is set at 0.134171 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.140752 USD. If there is any crossing, the next objective would be the resistance located at 0.167522 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LOOPRING - LRC/USD rating 0.131673 USD. On the day, this instrument lost -0.21% and was between 0.128720 USD and 0.133466 USD. This implies that the price is at +2.29% from its lowest and at -1.34% from its highest.0.128720
0.133466
0.131673
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
Here is a more detailed summary of the historical variations registered by LOOPRING - LRC/USD:
Technical
Technical analysis of this 1H chart of LOOPRING - LRC/USD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.117223 | 0.121109 | 0.127665 | 0.131673 | 0.134171 | 0.140752 | 0.167522 |
| Change (%) | -10.97% | -8.02% | -3.04% | - | +1.90% | +6.90% | +27.23% |
| Change | -0.014450 | -0.010564 | -0.004008 | - | +0.002498 | +0.009079 | +0.035849 |
| Level | Minor | Minor | Major | - | Intermediate | 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 | 0.123355 | 0.125638 | 0.128791 | 0.131074 | 0.134227 | 0.136510 | 0.139663 |
| Camarilla | 0.130449 | 0.130947 | 0.131446 | 0.131944 | 0.132442 | 0.132941 | 0.133439 |
| Woodie | 0.123790 | 0.125856 | 0.129226 | 0.131292 | 0.134662 | 0.136728 | 0.140098 |
| Fibonacci | 0.125638 | 0.127715 | 0.128997 | 0.131074 | 0.133151 | 0.134433 | 0.136510 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.078627 | 0.100976 | 0.114289 | 0.136638 | 0.149951 | 0.172300 | 0.185613 |
| Camarilla | 0.117796 | 0.121065 | 0.124334 | 0.127603 | 0.130872 | 0.134141 | 0.137410 |
| Woodie | 0.074110 | 0.098717 | 0.109772 | 0.134379 | 0.145434 | 0.170041 | 0.181096 |
| Fibonacci | 0.100976 | 0.114599 | 0.123015 | 0.136638 | 0.150261 | 0.158677 | 0.172300 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.061021 | 0.094383 | 0.119244 | 0.152606 | 0.177467 | 0.210829 | 0.235690 |
| Camarilla | 0.128094 | 0.133431 | 0.138768 | 0.144105 | 0.149442 | 0.154779 | 0.160116 |
| Woodie | 0.056771 | 0.092258 | 0.114994 | 0.150481 | 0.173217 | 0.208704 | 0.231440 |
| Fibonacci | 0.094383 | 0.116624 | 0.130365 | 0.152606 | 0.174847 | 0.188588 | 0.210829 |
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): | 53.96 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 2.885556 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.131152 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.129436 | |
| Elder Ray (13): | 0.000217 | |
| Super Trend (3,10): | 0.128420 | |
| Zig ZAG (10): | 0.131107 | |
| VORTEX (21): | 0.9905 | |
| Stochastique (14,3,5): | 75.47 | |
| TEMA (21): | 0.130914 | |
| Williams %R (14): | -30.23 | |
| Chande Momentum Oscillator (20): | 0.000500 | |
| Repulse (5,40,3): | 0.0378 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0148 | |
| Courbe Coppock: | 0.78 |
| MA7: | 0.125354 | |
| MA20: | 0.140380 | |
| MA50: | 0.153004 | |
| MA100: | 0.198522 | |
| MAexp7: | 0.131060 | |
| MAexp20: | 0.130847 | |
| MAexp50: | 0.129938 | |
| MAexp100: | 0.128455 | |
| Price / MA7: | +5.04% | |
| Price / MA20: | -6.20% | |
| Price / MA50: | -13.94% | |
| Price / MA100: | -33.67% | |
| Price / MAexp7: | +0.47% | |
| Price / MAexp20: | +0.63% | |
| Price / MAexp50: | +1.34% | |
| Price / MAexp100: | +2.51% |
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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