LOOPRING - LRC/USD - Daily - Technical analysis published on 08/13/2023 (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
44%
6%
50%
My opinion
Bearish under 0.249546 USD
My targets
0.193451 USD (-12.75%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on LOOPRING - LRC/USD. As long as you are under the resistance located at 0.249546 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.193451 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. If the resistance 0.249546 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
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
The LOOPRING - LRC/USD rating is 0.221728 USD. On the day, this instrument lost -0.06% and was between 0.217735 USD and 0.222628 USD. This implies that the price is at +1.83% from its lowest and at -0.40% from its highest.0.217735
0.222628
0.221728
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
Here is a more detailed summary of the historical variations registered by LOOPRING - LRC/USD:
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. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.193451 | 0.221728 | 0.273388 | 0.362074 | 0.411808 |
| Change (%) | -12.75% | - | +23.30% | +63.30% | +85.73% |
| Change | -0.028277 | - | +0.051660 | +0.140346 | +0.190080 |
| Level | Major | - | Minor | 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 | 0.214200 | 0.216476 | 0.219173 | 0.221449 | 0.224146 | 0.226422 | 0.229119 |
| Camarilla | 0.220501 | 0.220957 | 0.221413 | 0.221869 | 0.222325 | 0.222781 | 0.223237 |
| Woodie | 0.214410 | 0.216581 | 0.219383 | 0.221554 | 0.224356 | 0.226527 | 0.229329 |
| Fibonacci | 0.216476 | 0.218376 | 0.219550 | 0.221449 | 0.223349 | 0.224523 | 0.226422 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.172879 | 0.192804 | 0.207336 | 0.227261 | 0.241793 | 0.261718 | 0.276250 |
| Camarilla | 0.212393 | 0.215552 | 0.218710 | 0.221869 | 0.225028 | 0.228186 | 0.231345 |
| Woodie | 0.170184 | 0.191456 | 0.204641 | 0.225913 | 0.239098 | 0.260370 | 0.273555 |
| Fibonacci | 0.192804 | 0.205966 | 0.214098 | 0.227261 | 0.240423 | 0.248555 | 0.261718 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.146040 | 0.179481 | 0.197793 | 0.231234 | 0.249546 | 0.282987 | 0.301299 |
| Camarilla | 0.201874 | 0.206618 | 0.211362 | 0.216106 | 0.220850 | 0.225594 | 0.230338 |
| Woodie | 0.138477 | 0.175699 | 0.190230 | 0.227452 | 0.241983 | 0.279205 | 0.293736 |
| Fibonacci | 0.179481 | 0.199250 | 0.211464 | 0.231234 | 0.251003 | 0.263217 | 0.282987 |
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): | 48.44 | |
| MACD (12,26,9): | -0.0016 | |
| Directional Movement: | 12.681303 | |
| AROON (14): | 21.428571 | |
| DEMA (21): | 0.218052 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.216231 | |
| Elder Ray (13): | 0.000037 | |
| Super Trend (3,10): | 0.245355 | |
| Zig ZAG (10): | 0.220576 | |
| VORTEX (21): | 0.9819 | |
| Stochastique (14,3,5): | 36.41 | |
| TEMA (21): | 0.219860 | |
| Williams %R (14): | -66.71 | |
| Chande Momentum Oscillator (20): | 0.005347 | |
| Repulse (5,40,3): | -0.6762 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1749 | |
| Courbe Coppock: | 0.36 |
| MA7: | 0.221554 | |
| MA20: | 0.219263 | |
| MA50: | 0.226204 | |
| MA100: | 0.245667 | |
| MAexp7: | 0.220620 | |
| MAexp20: | 0.220753 | |
| MAexp50: | 0.228483 | |
| MAexp100: | 0.246876 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | +1.12% | |
| Price / MA50: | -1.98% | |
| Price / MA100: | -9.74% | |
| Price / MAexp7: | +0.50% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | -2.96% | |
| Price / MAexp100: | -10.19% |
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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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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