LOOPRING - LRC/USD
LOOPRING - LRC/USD
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Type: Cryptocurrencies
Ticker: LRCUSD
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LOOPRING - LRC/USD - 1H - Technical analysis published on 09/16/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 0.180161 USD
My targets
0.186679 USD (+2.92%)
0.197267 USD (+8.76%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.180161 USD remains possible. It is advisable to trade LOOPRING - LRC/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.180161 USD. The next bullish objective for buyers is set at 0.186679 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.197267 USD. If there is any crossing, the next objective would be the resistance located at 0.200138 USD. PS: if there is a bearish break in the support located at 0.180161 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bullish 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

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:
15 min. Daily Weekly

Additional analysis

Quotes

The LOOPRING - LRC/USD price is 0.181382 USD. On the day, this instrument lost -0.07% with the lowest point at 0.180845 USD and the highest point at 0.185478 USD. The deviation from the price is +0.30% for the low point and -2.21% for the high point.

0.180845
0.185478
0.181382

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by LOOPRING - LRC/USD:
The Central Records scanner for higher/lower results shows an item:

Central Records

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of LOOPRING - LRC/USD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 7 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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:

Central Candlesticks

Bullish harami cross

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.171754 0.175766 0.180161 0.181382 0.186679 0.197267 0.200138
Change (%) -5.31% -3.10% -0.67% - +2.92% +8.76% +10.34%
Change -0.009628 -0.005616 -0.001221 - +0.005297 +0.015885 +0.018756
Level Intermediate Minor Intermediate - Intermediate Minor Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1702750.1729890.1772460.1799600.1842170.1869310.191188
Camarilla0.1795870.1802260.1808650.1815040.1821430.1827820.183421
Woodie0.1710480.1733750.1780190.1803460.1849900.1873170.191961
Fibonacci0.1729890.1756520.1772970.1799600.1826230.1842680.186931


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1471460.1617740.1748210.1894490.2024960.2171240.230171
Camarilla0.1802560.1827930.1853300.1878670.1904040.1929410.195478
Woodie0.1463550.1613790.1740300.1890540.2017050.2167290.229380
Fibonacci0.1617740.1723460.1788780.1894490.2000210.2065530.217124


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0651910.1152450.1470760.1971300.2289610.2790150.310846
Camarilla0.1563880.1638940.1714000.1789060.1864120.1939180.201424
Woodie0.0560790.1106890.1379640.1925740.2198490.2744590.301734
Fibonacci0.1152450.1465250.1658500.1971300.2284100.2477350.279015

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): 53.60
MACD (12,26,9): 0.0007
Directional Movement: 7.399749
AROON (14): -57.142857
DEMA (21): 0.182683
Parabolic SAR (0,02-0,02-0,2): 0.184633
Elder Ray (13): -0.000358
Super Trend (3,10): 0.178870
Zig ZAG (10): 0.181664
VORTEX (21): 1.1018
Stochastique (14,3,5): 18.38
TEMA (21): 0.182529
Williams %R (14): -81.74
Chande Momentum Oscillator (20): -0.002796
Repulse (5,40,3): 0.0739
ROCnROLL: -1
TRIX (15,9): 0.0847
Courbe Coppock: 0.28
MA7: 0.178667
MA20: 0.182101
MA50: 0.195801
MA100: 0.211324
MAexp7: 0.181906
MAexp20: 0.181574
MAexp50: 0.180007
MAexp100: 0.179307
Price / MA7: +1.52%
Price / MA20: -0.39%
Price / MA50: -7.36%
Price / MA100: -14.17%
Price / MAexp7: -0.29%
Price / MAexp20: -0.11%
Price / MAexp50: +0.76%
Price / MAexp100: +1.16%

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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