LCX - LCX/USD - 1H - Technical analysis published on 08/31/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.132002 USD
My targets
0.136513 USD (+2.04%)
0.141081 USD (+5.45%)
My analysis
The basic bullish trend is very strong on LCX - LCX/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.132002 USD. Crossing the first resistance at 0.136513 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.141081 USD as an objective. Crossing it would then enable buyers to target 0.147300 USD. Caution, a return to below 0.132002 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
The LCX - LCX/USD price is 0.133786 USD. On the day, this instrument gained +2.19% and was traded between 0.129272 USD and 0.134374 USD over the period. The price is currently at +3.49% from its lowest and -0.44% from its highest.0.129272
0.134374
0.133786
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
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 LCX - LCX/USD in 1H shows a strongly overall bullish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.122980 | 0.128180 | 0.132002 | 0.133786 | 0.136513 | 0.141081 | 0.147300 |
| Change (%) | -8.08% | -4.19% | -1.33% | - | +2.04% | +5.45% | +10.10% |
| Change | -0.010806 | -0.005606 | -0.001784 | - | +0.002727 | +0.007295 | +0.013514 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | Major |
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 | 0.098784 | 0.113434 | 0.122179 | 0.136829 | 0.145574 | 0.160224 | 0.168969 |
| Camarilla | 0.124489 | 0.126634 | 0.128779 | 0.130923 | 0.133068 | 0.135212 | 0.137357 |
| Woodie | 0.095831 | 0.111958 | 0.119226 | 0.135353 | 0.142621 | 0.158748 | 0.166016 |
| Fibonacci | 0.113434 | 0.122371 | 0.127892 | 0.136829 | 0.145766 | 0.151287 | 0.160224 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.107891 | 0.114346 | 0.124462 | 0.130917 | 0.141033 | 0.147488 | 0.157604 |
| Camarilla | 0.130022 | 0.131541 | 0.133060 | 0.134579 | 0.136098 | 0.137617 | 0.139136 |
| Woodie | 0.109723 | 0.115261 | 0.126294 | 0.131832 | 0.142865 | 0.148403 | 0.159436 |
| Fibonacci | 0.114346 | 0.120676 | 0.124587 | 0.130917 | 0.137247 | 0.141158 | 0.147488 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.071250 | 0.108588 | 0.131644 | 0.168982 | 0.192038 | 0.229376 | 0.252432 |
| Camarilla | 0.138092 | 0.143628 | 0.149164 | 0.154700 | 0.160236 | 0.165772 | 0.171308 |
| Woodie | 0.064109 | 0.105018 | 0.124503 | 0.165412 | 0.184897 | 0.225806 | 0.245291 |
| Fibonacci | 0.108588 | 0.131659 | 0.145912 | 0.168982 | 0.192053 | 0.206306 | 0.229376 |
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): | 52.25 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 12.554840 | |
| AROON (14): | 7.142857 | |
| DEMA (21): | 0.132259 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.128516 | |
| Elder Ray (13): | 0.000992 | |
| Super Trend (3,10): | 0.126163 | |
| Zig ZAG (10): | 0.133276 | |
| VORTEX (21): | 1.0130 | |
| Stochastique (14,3,5): | 70.90 | |
| TEMA (21): | 0.131590 | |
| Williams %R (14): | -27.91 | |
| Chande Momentum Oscillator (20): | 0.000289 | |
| Repulse (5,40,3): | 0.8758 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0636 | |
| Courbe Coppock: | 0.11 |
| MA7: | 0.130550 | |
| MA20: | 0.129060 | |
| MA50: | 0.146896 | |
| MA100: | 0.181901 | |
| MAexp7: | 0.132302 | |
| MAexp20: | 0.132516 | |
| MAexp50: | 0.132122 | |
| MAexp100: | 0.130964 | |
| Price / MA7: | +2.48% | |
| Price / MA20: | +3.66% | |
| Price / MA50: | -8.92% | |
| Price / MA100: | -26.45% | |
| Price / MAexp7: | +1.12% | |
| Price / MAexp20: | +0.96% | |
| Price / MAexp50: | +1.26% | |
| Price / MAexp100: | +2.15% |
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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