LOOPRING - LRC/USD - 1H - Technical analysis published on 09/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 0.174018 USD
My targets
0.171549 USD (-0.66%)
My analysis
LOOPRING - LRC/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.174018 USD. The next support located at 0.171549 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7
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Additional analysis
Quotes
The LOOPRING - LRC/USD rating is 0.172694 USD. On the day, this instrument lost -0.01% and was between 0.171669 USD and 0.173108 USD. This implies that the price is at +0.60% from its lowest and at -0.24% from its highest.0.171669
0.173108
0.172694
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of LOOPRING - LRC/USD in 1H shows a overall strongly bearish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.171549 | 0.172665 | 0.172694 | 0.174018 | 0.176303 | 0.178462 |
| Change (%) | -0.66% | -0.02% | - | +0.77% | +2.09% | +3.34% |
| Change | -0.001145 | -0.000029 | - | +0.001324 | +0.003609 | +0.005768 |
| Level | Minor | Intermediate | - | Major | 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 | 0.162254 | 0.167329 | 0.170016 | 0.175091 | 0.177778 | 0.182853 | 0.185540 |
| Camarilla | 0.170570 | 0.171281 | 0.171993 | 0.172704 | 0.173416 | 0.174127 | 0.174839 |
| Woodie | 0.161061 | 0.166732 | 0.168823 | 0.174494 | 0.176585 | 0.182256 | 0.184347 |
| Fibonacci | 0.167329 | 0.170294 | 0.172126 | 0.175091 | 0.178056 | 0.179888 | 0.182853 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.144445 | 0.157997 | 0.170163 | 0.183715 | 0.195881 | 0.209433 | 0.221599 |
| Camarilla | 0.175257 | 0.177614 | 0.179972 | 0.182329 | 0.184687 | 0.187044 | 0.189402 |
| Woodie | 0.143752 | 0.157651 | 0.169470 | 0.183369 | 0.195188 | 0.209087 | 0.220906 |
| Fibonacci | 0.157997 | 0.167821 | 0.173891 | 0.183715 | 0.193539 | 0.199609 | 0.209433 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.065191 | 0.115245 | 0.147076 | 0.197130 | 0.228961 | 0.279015 | 0.310846 |
| Camarilla | 0.156388 | 0.163894 | 0.171400 | 0.178906 | 0.186412 | 0.193918 | 0.201424 |
| Woodie | 0.056079 | 0.110689 | 0.137964 | 0.192574 | 0.219849 | 0.274459 | 0.301734 |
| Fibonacci | 0.115245 | 0.146525 | 0.165850 | 0.197130 | 0.228410 | 0.247735 | 0.279015 |
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): | 38.54 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -15.995535 | |
| AROON (14): | -64.285714 | |
| DEMA (21): | 0.173225 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.174550 | |
| Elder Ray (13): | -0.001367 | |
| Super Trend (3,10): | 0.176409 | |
| Zig ZAG (10): | 0.172233 | |
| VORTEX (21): | 0.7388 | |
| Stochastique (14,3,5): | 9.65 | |
| TEMA (21): | 0.172577 | |
| Williams %R (14): | -93.92 | |
| Chande Momentum Oscillator (20): | -0.001569 | |
| Repulse (5,40,3): | -0.5983 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0727 | |
| Courbe Coppock: | 3.29 |
| MA7: | 0.176283 | |
| MA20: | 0.180453 | |
| MA50: | 0.191596 | |
| MA100: | 0.208780 | |
| MAexp7: | 0.173100 | |
| MAexp20: | 0.174837 | |
| MAexp50: | 0.176005 | |
| MAexp100: | 0.176672 | |
| Price / MA7: | -2.04% | |
| Price / MA20: | -4.30% | |
| Price / MA50: | -9.87% | |
| Price / MA100: | -17.28% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -1.23% | |
| Price / MAexp50: | -1.88% | |
| Price / MAexp100: | -2.25% |
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.
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