LOOPRING - LRC/USD - 1H - Technical analysis published on 03/01/2023 (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:
Bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 0.373142 USD
My targets
0.359261 USD (-1.72%)
0.347698 USD (-4.88%)
My analysis
There is a bearish trend on LOOPRING - LRC/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 0.373142 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 0.359261 USD. Then the price could move towards 0.347698 USD. Then 0.332249 USD by extension. Be careful, a return to above the resistance 0.373142 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LOOPRING - LRC/USD rating 0.365550 USD. The price registered a decrease of -0.03% on the session and was between 0.345100 USD and 0.376558 USD. This implies that the price is at +5.93% from its lowest and at -2.92% from its highest.0.345100
0.376558
0.365550
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of LOOPRING - LRC/USD in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.332249 | 0.347698 | 0.359261 | 0.365550 | 0.373142 | 0.393155 | 0.415229 |
| Change (%) | -9.11% | -4.88% | -1.72% | - | +2.08% | +7.55% | +13.59% |
| Change | -0.033301 | -0.017852 | -0.006289 | - | +0.007592 | +0.027605 | +0.049679 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | 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 | 0.322178 | 0.334001 | 0.349832 | 0.361655 | 0.377486 | 0.389309 | 0.405140 |
| Camarilla | 0.358058 | 0.360593 | 0.363128 | 0.365663 | 0.368198 | 0.370733 | 0.373268 |
| Woodie | 0.324182 | 0.335003 | 0.351836 | 0.362657 | 0.379490 | 0.390311 | 0.407144 |
| Fibonacci | 0.334001 | 0.344565 | 0.351091 | 0.361655 | 0.372219 | 0.378745 | 0.389309 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.228633 | 0.288165 | 0.340606 | 0.400138 | 0.452579 | 0.512111 | 0.564552 |
| Camarilla | 0.362253 | 0.372518 | 0.382782 | 0.393046 | 0.403310 | 0.413574 | 0.423839 |
| Woodie | 0.225087 | 0.286392 | 0.337060 | 0.398365 | 0.449033 | 0.510338 | 0.561006 |
| Fibonacci | 0.288165 | 0.330939 | 0.357365 | 0.400138 | 0.442912 | 0.469338 | 0.512111 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.120248 | 0.220691 | 0.293177 | 0.393620 | 0.466106 | 0.566549 | 0.639035 |
| Camarilla | 0.318108 | 0.333959 | 0.349811 | 0.365663 | 0.381515 | 0.397367 | 0.413219 |
| Woodie | 0.106270 | 0.213702 | 0.279199 | 0.386631 | 0.452128 | 0.559560 | 0.625057 |
| Fibonacci | 0.220691 | 0.286750 | 0.327561 | 0.393620 | 0.459679 | 0.500490 | 0.566549 |
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): | 48.17 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 4.512663 | |
| AROON (14): | 64.285714 | |
| DEMA (21): | 0.367990 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.361031 | |
| Elder Ray (13): | 0.000102 | |
| Super Trend (3,10): | 0.377232 | |
| Zig ZAG (10): | 0.367425 | |
| VORTEX (21): | 0.9410 | |
| Stochastique (14,3,5): | 69.41 | |
| TEMA (21): | 0.368984 | |
| Williams %R (14): | -27.21 | |
| Chande Momentum Oscillator (20): | 0.002549 | |
| Repulse (5,40,3): | -3.5750 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0062 | |
| Courbe Coppock: | 1.63 |
| MA7: | 0.379358 | |
| MA20: | 0.408386 | |
| MA50: | 0.351931 | |
| MA100: | 0.288508 | |
| MAexp7: | 0.366776 | |
| MAexp20: | 0.367454 | |
| MAexp50: | 0.368153 | |
| MAexp100: | 0.374274 | |
| Price / MA7: | -3.64% | |
| Price / MA20: | -10.49% | |
| Price / MA50: | +3.87% | |
| Price / MA100: | +26.70% | |
| Price / MAexp7: | -0.33% | |
| Price / MAexp20: | -0.52% | |
| Price / MAexp50: | -0.71% | |
| Price / MAexp100: | -2.33% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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