LOOPRING - LRC/USD - Daily - Technical analysis published on 12/11/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
22%
17%
61%
My opinion
Bearish under 0.263165 USD
My targets
0.226767 USD (-8.41%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.263165 USD remains possible. It is advisable to trade LOOPRING - LRC/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.263165 USD. The next bearish objective for sellers is set at 0.226767 USD. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 0.263165 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LOOPRING - LRC/USD rating is 0.247587 USD. The price is lower by -0.10% since the last closing with the lowest point at 0.245419 USD and the highest point at 0.249544 USD. The deviation from the price is +0.88% for the low point and -0.78% for the high point.0.245419
0.249544
0.247587
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of LOOPRING - LRC/USD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
On the 18 technical indicators analysed, 4 are bullish, 11 are neutral and 3 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami cross
Type : Bearish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.226767 | 0.247587 | 0.263165 | 0.312366 | 0.355811 |
| Change (%) | -8.41% | - | +6.29% | +26.16% | +43.71% |
| Change | -0.020820 | - | +0.015578 | +0.064779 | +0.108224 |
| Level | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 0.225619 | 0.233254 | 0.240547 | 0.248182 | 0.255475 | 0.263110 | 0.270403 |
| Camarilla | 0.243736 | 0.245104 | 0.246473 | 0.247841 | 0.249209 | 0.250578 | 0.251946 |
| Woodie | 0.225449 | 0.233169 | 0.240377 | 0.248097 | 0.255305 | 0.263025 | 0.270233 |
| Fibonacci | 0.233254 | 0.238956 | 0.242479 | 0.248182 | 0.253884 | 0.257407 | 0.263110 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.176601 | 0.203934 | 0.225888 | 0.253221 | 0.275175 | 0.302508 | 0.324462 |
| Camarilla | 0.234287 | 0.238805 | 0.243323 | 0.247841 | 0.252359 | 0.256877 | 0.261395 |
| Woodie | 0.173911 | 0.202589 | 0.223198 | 0.251876 | 0.272485 | 0.301163 | 0.321772 |
| Fibonacci | 0.203934 | 0.222762 | 0.234394 | 0.253221 | 0.272049 | 0.283681 | 0.302508 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.052875 | 0.077222 | 0.166032 | 0.296129 | 0.384939 | 0.515036 | 0.603846 |
| Camarilla | 0.194643 | 0.214709 | 0.234776 | 0.254842 | 0.274909 | 0.294975 | 0.315041 |
| Woodie | -0.073519 | 0.066900 | 0.145389 | 0.285807 | 0.364296 | 0.504714 | 0.583203 |
| Fibonacci | 0.077222 | 0.160845 | 0.212507 | 0.296129 | 0.379752 | 0.431414 | 0.515036 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.70 | |
| MACD (12,26,9): | -0.0026 | |
| Directional Movement: | 2.223471 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.245183 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.269522 | |
| Elder Ray (13): | -0.000757 | |
| Super Trend (3,10): | 0.303556 | |
| Zig ZAG (10): | 0.248750 | |
| VORTEX (21): | 1.0358 | |
| Stochastique (14,3,5): | 35.18 | |
| TEMA (21): | 0.248054 | |
| Williams %R (14): | -63.96 | |
| Chande Momentum Oscillator (20): | 0.005725 | |
| Repulse (5,40,3): | -1.4528 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1775 | |
| Courbe Coppock: | 6.59 |
| MA7: | 0.247707 | |
| MA20: | 0.246894 | |
| MA50: | 0.259774 | |
| MA100: | 0.280808 | |
| MAexp7: | 0.247936 | |
| MAexp20: | 0.249435 | |
| MAexp50: | 0.260003 | |
| MAexp100: | 0.294571 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | +0.28% | |
| Price / MA50: | -4.69% | |
| Price / MA100: | -11.83% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.74% | |
| Price / MAexp50: | -4.78% | |
| Price / MAexp100: | -15.95% |
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.
About author
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