LYMPO - LYM/USDT - 1H - Technical analysis published on 11/29/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.002820 USDT
My targets
0.003091 USDT (+1.38%)
0.003553 USDT (+16.53%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on LYMPO - LYM/USDT as long as the price remains well above 0.002820 USDT. The buyers” bullish objective is set at 0.003091 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.003553 USDT. If there is any crossing, the next objective would be the resistance located at 0.004085 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
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10
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LYMPO - LYM/USDT rating is 0.003049 USDT. On the day, this instrument gained +3.64% and was traded between 0.002839 USDT and 0.003057 USDT over the period. The price is currently at +7.40% from its lowest and -0.26% from its highest.0.002839
0.003057
0.003049
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
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this LYMPO - LYM/USDT chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.002599 | 0.002820 | 0.003049 | 0.003091 | 0.003553 | 0.004085 |
| Change (%) | -14.76% | -7.51% | - | +1.38% | +16.53% | +33.98% |
| Change | -0.000450 | -0.000229 | - | +0.000042 | +0.000504 | +0.001036 |
| Level | Intermediate | Minor | - | Intermediate | Intermediate | 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 | 0.002641 | 0.002731 | 0.002837 | 0.002927 | 0.003033 | 0.003123 | 0.003229 |
| Camarilla | 0.002888 | 0.002906 | 0.002924 | 0.002942 | 0.002960 | 0.002978 | 0.002996 |
| Woodie | 0.002648 | 0.002735 | 0.002844 | 0.002931 | 0.003040 | 0.003127 | 0.003236 |
| Fibonacci | 0.002731 | 0.002806 | 0.002853 | 0.002927 | 0.003002 | 0.003049 | 0.003123 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000805 | 0.001913 | 0.002592 | 0.003700 | 0.004379 | 0.005487 | 0.006166 |
| Camarilla | 0.002779 | 0.002942 | 0.003106 | 0.003270 | 0.003434 | 0.003598 | 0.003761 |
| Woodie | 0.000590 | 0.001806 | 0.002377 | 0.003593 | 0.004164 | 0.005380 | 0.005951 |
| Fibonacci | 0.001913 | 0.002596 | 0.003018 | 0.003700 | 0.004383 | 0.004805 | 0.005487 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.002904 | 0.003637 | 0.004500 | 0.005233 | 0.006096 | 0.006829 | 0.007692 |
| Camarilla | 0.004924 | 0.005070 | 0.005217 | 0.005363 | 0.005509 | 0.005656 | 0.005802 |
| Woodie | 0.002969 | 0.003670 | 0.004565 | 0.005266 | 0.006161 | 0.006862 | 0.007757 |
| Fibonacci | 0.003637 | 0.004247 | 0.004623 | 0.005233 | 0.005843 | 0.006219 | 0.006829 |
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): | 56.49 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 2.476571 | |
| AROON (14): | 64.285715 | |
| DEMA (21): | 0.002990 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.002887 | |
| Elder Ray (13): | 0.000069 | |
| Super Trend (3,10): | 0.002770 | |
| Zig ZAG (10): | 0.003049 | |
| VORTEX (21): | 0.9189 | |
| Stochastique (14,3,5): | 80.62 | |
| TEMA (21): | 0.002987 | |
| Williams %R (14): | -12.84 | |
| Chande Momentum Oscillator (20): | 0.000089 | |
| Repulse (5,40,3): | 7.1160 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0502 | |
| Courbe Coppock: | 5.70 |
| MA7: | 0.002963 | |
| MA20: | 0.003909 | |
| MA50: | 0.004627 | |
| MA100: | 0.005185 | |
| MAexp7: | 0.002992 | |
| MAexp20: | 0.002957 | |
| MAexp50: | 0.002930 | |
| MAexp100: | 0.002963 | |
| Price / MA7: | +2.90% | |
| Price / MA20: | -22.00% | |
| Price / MA50: | -34.10% | |
| Price / MA100: | -41.20% | |
| Price / MAexp7: | +1.91% | |
| Price / MAexp20: | +3.11% | |
| Price / MAexp50: | +4.06% | |
| Price / MAexp100: | +2.90% |
This member declared not having a position on this financial instrument or a related financial instrument.
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