LOOPRING - LRC/USDT - 1H - Technical analysis published on 12/16/2024 (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
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 0.266527 USDT
My targets
0.253423 USDT (-3.01%)
0.241446 USDT (-7.60%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on LOOPRING - LRC/USDT as long as the price remains well below 0.266527 USDT. The next bearish objective for sellers is set at 0.253423 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.241446 USDT. If there is any crossing, the next objective would be the support located at 0.215789 USDT. 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 over sold items that could be a sign of a short-term correction.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by zakarya25. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LOOPRING - LRC/USDT rating 0.261294 USDT. The price registered a decrease of -2.75% on the session and was traded between 0.259767 USDT and 0.273430 USDT over the period. The price is currently at +0.59% from its lowest and -4.44% from its highest.0.259767
0.273430
0.261294
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of LOOPRING - LRC/USDT in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 5 are neutral and 8 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Piercing line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.215789 | 0.241446 | 0.253423 | 0.261294 | 0.266527 | 0.277035 | 0.303753 |
| Change (%) | -17.42% | -7.60% | -3.01% | - | +2.00% | +6.02% | +16.25% |
| Change | -0.045505 | -0.019848 | -0.007871 | - | +0.005233 | +0.015741 | +0.042459 |
| Level | Intermediate | Minor | Minor | - | Major | 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 | 0.238648 | 0.244764 | 0.256723 | 0.262839 | 0.274798 | 0.280914 | 0.292873 |
| Camarilla | 0.263711 | 0.265368 | 0.267025 | 0.268682 | 0.270339 | 0.271996 | 0.273653 |
| Woodie | 0.241570 | 0.246225 | 0.259645 | 0.264300 | 0.277720 | 0.282375 | 0.295795 |
| Fibonacci | 0.244764 | 0.251669 | 0.255934 | 0.262839 | 0.269744 | 0.274009 | 0.280914 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.109034 | 0.162412 | 0.210286 | 0.263664 | 0.311538 | 0.364916 | 0.412790 |
| Camarilla | 0.230317 | 0.239598 | 0.248880 | 0.258161 | 0.267442 | 0.276724 | 0.286005 |
| Woodie | 0.106283 | 0.161036 | 0.207535 | 0.262288 | 0.308787 | 0.363540 | 0.410039 |
| Fibonacci | 0.162412 | 0.201090 | 0.224985 | 0.263664 | 0.302342 | 0.326237 | 0.364916 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.003540 | 0.051812 | 0.148700 | 0.204052 | 0.300940 | 0.356292 | 0.453180 |
| Camarilla | 0.203721 | 0.217676 | 0.231632 | 0.245587 | 0.259542 | 0.273498 | 0.287453 |
| Woodie | 0.017227 | 0.062196 | 0.169467 | 0.214436 | 0.321707 | 0.366676 | 0.473947 |
| Fibonacci | 0.051812 | 0.109968 | 0.145897 | 0.204052 | 0.262208 | 0.298137 | 0.356292 |
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): | 48.79 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | -10.107511 | |
| AROON (14): | 21.428571 | |
| DEMA (21): | 0.263914 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.259594 | |
| Elder Ray (13): | -0.002468 | |
| Super Trend (3,10): | 0.259173 | |
| Zig ZAG (10): | 0.262060 | |
| VORTEX (21): | 1.0389 | |
| Stochastique (14,3,5): | 42.60 | |
| TEMA (21): | 0.264475 | |
| Williams %R (14): | -54.47 | |
| Chande Momentum Oscillator (20): | -0.002235 | |
| Repulse (5,40,3): | -0.8024 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0582 | |
| Courbe Coppock: | 0.30 |
| MA7: | 0.265609 | |
| MA20: | 0.271087 | |
| MA50: | 0.200633 | |
| MA100: | 0.162605 | |
| MAexp7: | 0.263076 | |
| MAexp20: | 0.263323 | |
| MAexp50: | 0.263578 | |
| MAexp100: | 0.266017 | |
| Price / MA7: | -1.62% | |
| Price / MA20: | -3.61% | |
| Price / MA50: | +30.23% | |
| Price / MA100: | +60.69% | |
| Price / MAexp7: | -0.68% | |
| Price / MAexp20: | -0.77% | |
| Price / MAexp50: | -0.87% | |
| Price / MAexp100: | -1.78% |
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.
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