LOOPRING - LRC/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
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Type:	Cryptocurrencies
Ticker:	LRCUSD
ISIN:

LOOPRING - LRC/USD - Daily - Technical analysis published on 05/22/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

28%

33%

My opinion

Bearish under 0.325262 USD

My targets

0.284532 USD (-2.17%)

0.242063 USD (-16.77%)

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 0.325262 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 0.242063 USD. In case of crossing, the next objective would be the support located at 0.217456 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

Force

5.7

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

The LOOPRING - LRC/USD price is 0.290842 USD. On the day, this instrument lost -0.02% and was between 0.285749 USD and 0.292199 USD. This implies that the price is at +1.78% from its lowest and at -0.46% from its highest.

0.285749

0.292199

0.290842

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of LOOPRING - LRC/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.217456	0.242063	0.286675	0.290842	0.362074	0.411808	0.448531
Change (%)	-25.23%	-16.77%	-1.43%	-	+24.49%	+41.59%	+54.22%
Change	-0.073386	-0.048779	-0.004167	-	+0.071232	+0.120966	+0.157689
Level	Minor	Minor	Major	-	Minor	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.273900	0.280539	0.285717	0.292356	0.297534	0.304173	0.309351
Camarilla	0.287645	0.288729	0.289812	0.290895	0.291978	0.293062	0.294145
Woodie	0.273170	0.280174	0.284987	0.291991	0.296804	0.303808	0.308621
Fibonacci	0.280539	0.285053	0.287842	0.292356	0.296870	0.299659	0.304173

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.253792	0.267068	0.282889	0.296165	0.311986	0.325262	0.341083
Camarilla	0.290709	0.293377	0.296044	0.298711	0.301378	0.304046	0.306713
Woodie	0.255066	0.267704	0.284163	0.296801	0.313260	0.325898	0.342357
Fibonacci	0.267068	0.278183	0.285050	0.296165	0.307280	0.314147	0.325262

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	37.64
MACD (12,26,9):	-0.0128
Directional Movement:	-4.647003
AROON (14):	-28.571429
DEMA (21):	0.285484
Parabolic SAR (0,02-0,02-0,2):	0.285242
Elder Ray (13):	-0.007836
Super Trend (3,10):	0.336532
Zig ZAG (10):	0.289223
VORTEX (21):	0.8969
Stochastique (14,3,5):	43.00
TEMA (21):	0.283123
Williams %R (14):	-62.88
Chande Momentum Oscillator (20):	-0.001325
Repulse (5,40,3):	-0.3057
ROCnROLL:	2
TRIX (15,9):	-0.6637
Courbe Coppock:	11.79

MA7:	0.294881
MA20:	0.301441
MA50:	0.335805
MA100:	0.349892
MAexp7:	0.293067
MAexp20:	0.303336
MAexp50:	0.323309
MAexp100:	0.329001
Price / MA7:	-1.37%
Price / MA20:	-3.52%
Price / MA50:	-13.39%
Price / MA100:	-16.88%
Price / MAexp7:	-0.76%
Price / MAexp20:	-4.12%
Price / MAexp50:	-10.04%
Price / MAexp100:	-11.60%

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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