LIVEPEER - LPT/USD - 1H - Technical analysis published on 08/13/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 7.30 USD
My targets
9.24 USD (+9.77%)
10.34 USD (+22.80%)
My analysis
LIVEPEER - LPT/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.30 USD. The next resistance located at 9.24 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 10.34 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
8.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LIVEPEER - LPT/USD rating 8.42 USD. The price has increased by +6.31% since the last closing and was between 7.13 USD and 8.50 USD. This implies that the price is at +18.09% from its lowest and at -0.94% from its highest.7.13
8.50
8.42
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on LIVEPEER - LPT/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of LIVEPEER - LPT/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
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 these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 6.10 | 6.41 | 7.30 | 8.42 | 10.34 |
| Change (%) | -27.55% | -23.87% | -13.30% | - | +22.80% |
| Change | -2.32 | -2.01 | -1.12 | - | +1.92 |
| Level | Minor | Major | Intermediate | - | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.52 | 5.20 | 6.56 | 7.24 | 8.60 | 9.28 | 10.64 |
| Camarilla | 7.36 | 7.55 | 7.73 | 7.92 | 8.11 | 8.29 | 8.48 |
| Woodie | 4.86 | 5.37 | 6.90 | 7.41 | 8.94 | 9.45 | 10.98 |
| Fibonacci | 5.20 | 5.98 | 6.46 | 7.24 | 8.02 | 8.50 | 9.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.30 | 2.63 | 5.27 | 6.60 | 9.24 | 10.57 | 13.21 |
| Camarilla | 6.83 | 7.19 | 7.56 | 7.92 | 8.28 | 8.65 | 9.01 |
| Woodie | 1.97 | 2.96 | 5.94 | 6.93 | 9.91 | 10.90 | 13.88 |
| Fibonacci | 2.63 | 4.14 | 5.08 | 6.60 | 8.11 | 9.05 | 10.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.45 | 3.18 | 3.59 | 4.32 | 4.73 | 5.46 | 5.87 |
| Camarilla | 3.70 | 3.80 | 3.91 | 4.01 | 4.12 | 4.22 | 4.32 |
| Woodie | 2.30 | 3.10 | 3.44 | 4.24 | 4.58 | 5.38 | 5.72 |
| Fibonacci | 3.18 | 3.61 | 3.88 | 4.32 | 4.75 | 5.02 | 5.46 |
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): | 69.98 | |
| MACD (12,26,9): | 0.4000 | |
| Directional Movement: | 22.15 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 7.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.25 | |
| Elder Ray (13): | 0.56 | |
| Super Trend (3,10): | 7.07 | |
| Zig ZAG (10): | 7.95 | |
| VORTEX (21): | 1.2700 | |
| Stochastique (14,3,5): | 71.65 | |
| TEMA (21): | 7.92 | |
| Williams %R (14): | -21.38 | |
| Chande Momentum Oscillator (20): | 0.66 | |
| Repulse (5,40,3): | 4.8500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.8300 | |
| Courbe Coppock: | 20.91 |
| MA7: | 6.04 | |
| MA20: | 4.75 | |
| MA50: | 4.54 | |
| MA100: | 4.59 | |
| MAexp7: | 7.70 | |
| MAexp20: | 7.32 | |
| MAexp50: | 6.67 | |
| MAexp100: | 6.06 | |
| Price / MA7: | +39.40% | |
| Price / MA20: | +77.26% | |
| Price / MA50: | +85.46% | |
| Price / MA100: | +83.44% | |
| Price / MAexp7: | +9.35% | |
| Price / MAexp20: | +15.03% | |
| Price / MAexp50: | +26.24% | |
| Price / MAexp100: | +38.94% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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