LOOPRING - LRC/USD - Daily - Technical analysis published on 08/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.154688 USD
My targets
0.207315 USD (+9.56%)
0.247946 USD (+31.03%)
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 0.154688 USD. The buyers” bullish objective is set at 0.207315 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.247946 USD. If there is any crossing, the next objective would be the resistance located at 1.100000 USD. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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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 LOOPRING - LRC/USD rating is 0.189224 USD. The price is lower by -1.18% since the last closing and was traded between 0.184700 USD and 0.193035 USD over the period. The price is currently at +2.45% from its lowest and -1.97% from its highest.0.184700
0.193035
0.189224
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LOOPRING - LRC/USD:
Technical
A technical analysis in Daily of this LOOPRING - LRC/USD chart shows a strongly bullish trend. 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.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.048687 | 0.093715 | 0.134816 | 0.189224 | 0.189857 | 1.100000 | 2.960000 |
| Change (%) | -74.27% | -50.47% | -28.75% | - | +0.33% | +481.32% | +1,464.28% |
| Change | -0.140537 | -0.095509 | -0.054408 | - | +0.000633 | +0.910776 | +2.770776 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Intermediate |
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 | 0.147307 | 0.162966 | 0.177224 | 0.192883 | 0.207141 | 0.222800 | 0.237058 |
| Camarilla | 0.183256 | 0.185998 | 0.188741 | 0.191483 | 0.194225 | 0.196968 | 0.199710 |
| Woodie | 0.146608 | 0.162616 | 0.176525 | 0.192533 | 0.206442 | 0.222450 | 0.236359 |
| Fibonacci | 0.162966 | 0.174394 | 0.181454 | 0.192883 | 0.204311 | 0.211371 | 0.222800 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.086322 | 0.122439 | 0.159526 | 0.195643 | 0.232730 | 0.268847 | 0.305934 |
| Camarilla | 0.176483 | 0.183193 | 0.189904 | 0.196614 | 0.203324 | 0.210035 | 0.216745 |
| Woodie | 0.086808 | 0.122682 | 0.160012 | 0.195886 | 0.233216 | 0.269090 | 0.306420 |
| Fibonacci | 0.122439 | 0.150403 | 0.167679 | 0.195643 | 0.223607 | 0.240883 | 0.268847 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.031828 | 0.020799 | 0.061430 | 0.114057 | 0.154688 | 0.207315 | 0.247946 |
| Camarilla | 0.076416 | 0.084965 | 0.093513 | 0.102062 | 0.110611 | 0.119159 | 0.127708 |
| Woodie | -0.037825 | 0.017800 | 0.055433 | 0.111058 | 0.148691 | 0.204316 | 0.241949 |
| Fibonacci | 0.020799 | 0.056423 | 0.078432 | 0.114057 | 0.149681 | 0.171690 | 0.207315 |
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): | 60.87 | |
| MACD (12,26,9): | 0.0178 | |
| Directional Movement: | 22.912943 | |
| AROON (14): | 64.285712 | |
| DEMA (21): | 0.189248 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.160962 | |
| Elder Ray (13): | 0.012951 | |
| Super Trend (3,10): | 0.123884 | |
| Zig ZAG (10): | 0.189726 | |
| VORTEX (21): | 1.1223 | |
| Stochastique (14,3,5): | 63.42 | |
| TEMA (21): | 0.195933 | |
| Williams %R (14): | -39.67 | |
| Chande Momentum Oscillator (20): | 0.044346 | |
| Repulse (5,40,3): | 0.5612 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.7776 | |
| Courbe Coppock: | 68.17 |
| MA7: | 0.183932 | |
| MA20: | 0.163657 | |
| MA50: | 0.134636 | |
| MA100: | 0.103266 | |
| MAexp7: | 0.185333 | |
| MAexp20: | 0.166458 | |
| MAexp50: | 0.139148 | |
| MAexp100: | 0.111858 | |
| Price / MA7: | +2.88% | |
| Price / MA20: | +15.62% | |
| Price / MA50: | +40.54% | |
| Price / MA100: | +83.24% | |
| Price / MAexp7: | +2.10% | |
| Price / MAexp20: | +13.68% | |
| Price / MAexp50: | +35.99% | |
| Price / MAexp100: | +69.16% |
Quotes :
2020-08-24 14:23:24
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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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