LOOPRING - LRC/USD - 1H - Technical analysis published on 03/14/2023 (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
33%
6%
61%
My opinion
Bullish above 0.346203 USD
My targets
0.374887 USD (+3.86%)
0.403799 USD (+11.87%)
My analysis
The bullish trend is currently very strong on LOOPRING - LRC/USD. As long as the price remains above the support at 0.346203 USD, you could try to benefit from the boom. The first bullish objective is located at 0.374887 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.403799 USD as an objective. Crossing it would then enable buyers to target 0.415229 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
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 LOOPRING - LRC/USD rating is 0.360944 USD. On the day, this instrument gained +5.47% and was traded between 0.320785 USD and 0.377662 USD over the period. The price is currently at +12.52% from its lowest and -4.43% from its highest.0.320785
0.377662
0.360944
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 this 1H chart of LOOPRING - LRC/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 11 are neutral and 1 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.312366 | 0.332249 | 0.359261 | 0.360944 | 0.374887 | 0.415229 | 0.449924 |
| Change (%) | -13.46% | -7.95% | -0.47% | - | +3.86% | +15.04% | +24.65% |
| Change | -0.048578 | -0.028695 | -0.001683 | - | +0.013943 | +0.054285 | +0.088980 |
| Level | Intermediate | Major | Major | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.234825 | 0.269394 | 0.305807 | 0.340376 | 0.376789 | 0.411358 | 0.447771 |
| Camarilla | 0.322699 | 0.329206 | 0.335712 | 0.342219 | 0.348726 | 0.355232 | 0.361739 |
| Woodie | 0.235746 | 0.269855 | 0.306728 | 0.340837 | 0.377710 | 0.411819 | 0.448692 |
| Fibonacci | 0.269394 | 0.296510 | 0.313261 | 0.340376 | 0.367492 | 0.384243 | 0.411358 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.128891 | 0.186487 | 0.237547 | 0.295143 | 0.346203 | 0.403799 | 0.454859 |
| Camarilla | 0.258728 | 0.268688 | 0.278648 | 0.288608 | 0.298568 | 0.308528 | 0.318488 |
| Woodie | 0.125624 | 0.184853 | 0.234280 | 0.293509 | 0.342936 | 0.402165 | 0.451592 |
| Fibonacci | 0.186487 | 0.227993 | 0.253636 | 0.295143 | 0.336649 | 0.362292 | 0.403799 |
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): | 52.91 | |
| MACD (12,26,9): | 0.0041 | |
| Directional Movement: | 6.721062 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.337265 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.320785 | |
| Elder Ray (13): | 0.013736 | |
| Super Trend (3,10): | 0.227893 | |
| Zig ZAG (10): | 0.342345 | |
| VORTEX (21): | 0.9902 | |
| Stochastique (14,3,5): | 43.92 | |
| TEMA (21): | 0.334991 | |
| Williams %R (14): | -28.39 | |
| Chande Momentum Oscillator (20): | 0.028225 | |
| Repulse (5,40,3): | -27.2649 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2240 | |
| Courbe Coppock: | 0.80 |
| MA7: | 0.308487 | |
| MA20: | 0.341247 | |
| MA50: | 0.366058 | |
| MA100: | 0.298243 | |
| MAexp7: | 0.337671 | |
| MAexp20: | 0.331912 | |
| MAexp50: | 0.320219 | |
| MAexp100: | 0.310416 | |
| Price / MA7: | +17.00% | |
| Price / MA20: | +5.77% | |
| Price / MA50: | -1.40% | |
| Price / MA100: | +21.02% | |
| Price / MAexp7: | +6.89% | |
| Price / MAexp20: | +8.75% | |
| Price / MAexp50: | +12.72% | |
| Price / MAexp100: | +16.28% |
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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