LOOPRING - LRC/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	LRCUSD
ISIN:

LOOPRING - LRC/USD - Daily - Technical analysis published on 05/05/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

22%

39%

My opinion

Bearish under 0.362074 USD

My targets

0.284532 USD (-15.75%)

0.273585 USD (-19.00%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on LOOPRING - LRC/USD as long as the price remains well below 0.362074 USD. The sellers' bearish objective is set at 0.284532 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.273585 USD. In case of crossing, the next objective would be the support located at 0.217316 USD.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

4.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

LOOPRING - LRC/USD rating 0.337743 USD. The price is lower by -0.03% since the last closing and was between 0.325259 USD and 0.344978 USD. This implies that the price is at +3.84% from its lowest and at -2.10% from its highest.

0.325259

0.344978

0.337743

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this LOOPRING - LRC/USD chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily

On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.217316	0.273585	0.332430	0.337743	0.362074	0.411808	0.448531
Change (%)	-35.66%	-19.00%	-1.57%	-	+7.20%	+21.93%	+32.80%
Change	-0.120427	-0.064158	-0.005313	-	+0.024331	+0.074065	+0.110788
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Intermediate	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	0.310324	0.318190	0.328018	0.335884	0.345712	0.353578	0.363406
Camarilla	0.332980	0.334602	0.336224	0.337846	0.339468	0.341090	0.342712
Woodie	0.311305	0.318681	0.328999	0.336375	0.346693	0.354069	0.364387
Fibonacci	0.318190	0.324949	0.329125	0.335884	0.342643	0.346819	0.353578

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.281778	0.302907	0.323540	0.344669	0.365302	0.386431	0.407064
Camarilla	0.332688	0.336516	0.340344	0.344172	0.348000	0.351828	0.355657
Woodie	0.281529	0.302783	0.323291	0.344545	0.365053	0.386307	0.406815
Fibonacci	0.302907	0.318860	0.328716	0.344669	0.360622	0.370478	0.386431

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.136403	0.230220	0.284532	0.378349	0.432661	0.526478	0.580790
Camarilla	0.298109	0.311687	0.325266	0.338844	0.352423	0.366001	0.379580
Woodie	0.116651	0.220344	0.264780	0.368473	0.412909	0.516602	0.561038
Fibonacci	0.230220	0.286805	0.321764	0.378349	0.434934	0.469893	0.526478

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):	41.50
MACD (12,26,9):	-0.0078
Directional Movement:	1.977482
AROON (14):	-50.000000
DEMA (21):	0.336647
Parabolic SAR (0,02-0,02-0,2):	0.361618
Elder Ray (13):	-0.005952
Super Trend (3,10):	0.399913
Zig ZAG (10):	0.327342
VORTEX (21):	0.9479
Stochastique (14,3,5):	41.92
TEMA (21):	0.331435
Williams %R (14):	-57.07
Chande Momentum Oscillator (20):	-0.007801
Repulse (5,40,3):	3.8796
ROCnROLL:	2
TRIX (15,9):	-0.2238
Courbe Coppock:	15.87

MA7:	0.336640
MA20:	0.352404
MA50:	0.356260
MA100:	0.361524
MAexp7:	0.338490
MAexp20:	0.346215
MAexp50:	0.351276
MAexp100:	0.343100
Price / MA7:	+0.33%
Price / MA20:	-4.16%
Price / MA50:	-5.20%
Price / MA100:	-6.58%
Price / MAexp7:	-0.22%
Price / MAexp20:	-2.45%
Price / MAexp50:	-3.85%
Price / MAexp100:	-1.56%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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