LOOPRING - LRC/USD - 1H - Technical analysis published on 11/11/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 0.225440 USD
My targets
0.238679 USD (+2.00%)
0.246453 USD (+5.33%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on LOOPRING - LRC/USD as long as the price remains well above 0.225440 USD. The buyers' bullish objective is set at 0.238679 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.246453 USD. If there is any crossing, the next objective would be the resistance located at 0.286675 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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Additional analysis
Quotes
LOOPRING - LRC/USD rating 0.233990 USD. On the day, this instrument lost -0.30% and was traded between 0.225200 USD and 0.236419 USD over the period. The price is currently at +3.90% from its lowest and -1.03% from its highest.0.225200
0.236419
0.233990
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
Here is a more detailed summary of the historical variations registered by LOOPRING - LRC/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on LOOPRING - LRC/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of LOOPRING - LRC/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.210377 | 0.216399 | 0.225440 | 0.233990 | 0.234660 | 0.238679 | 0.246453 |
| Change (%) | -10.09% | -7.52% | -3.65% | - | +0.29% | +2.00% | +5.33% |
| Change | -0.023613 | -0.017591 | -0.008550 | - | +0.000670 | +0.004689 | +0.012463 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Major |
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 | 0.207142 | 0.214293 | 0.224497 | 0.231648 | 0.241852 | 0.249003 | 0.259207 |
| Camarilla | 0.229927 | 0.231518 | 0.233109 | 0.234700 | 0.236291 | 0.237882 | 0.239473 |
| Woodie | 0.208668 | 0.215056 | 0.226023 | 0.232411 | 0.243378 | 0.249766 | 0.260733 |
| Fibonacci | 0.214293 | 0.220923 | 0.225019 | 0.231648 | 0.238278 | 0.242374 | 0.249003 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.149266 | 0.169892 | 0.192149 | 0.212775 | 0.235032 | 0.255658 | 0.277915 |
| Camarilla | 0.202614 | 0.206545 | 0.210476 | 0.214407 | 0.218338 | 0.222269 | 0.226200 |
| Woodie | 0.150083 | 0.170300 | 0.192966 | 0.213183 | 0.235849 | 0.256066 | 0.278732 |
| Fibonacci | 0.169892 | 0.186273 | 0.196393 | 0.212775 | 0.229156 | 0.239276 | 0.255658 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.095245 | 0.119703 | 0.158084 | 0.182542 | 0.220923 | 0.245381 | 0.283762 |
| Camarilla | 0.179184 | 0.184945 | 0.190705 | 0.196465 | 0.202225 | 0.207986 | 0.213746 |
| Woodie | 0.102207 | 0.123184 | 0.165046 | 0.186023 | 0.227885 | 0.248862 | 0.290724 |
| Fibonacci | 0.119703 | 0.143708 | 0.158538 | 0.182542 | 0.206547 | 0.221377 | 0.245381 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 55.23 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 1.681884 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.231987 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.235009 | |
| Elder Ray (13): | 0.002293 | |
| Super Trend (3,10): | 0.225844 | |
| Zig ZAG (10): | 0.233584 | |
| VORTEX (21): | 1.1175 | |
| Stochastique (14,3,5): | 68.85 | |
| TEMA (21): | 0.231486 | |
| Williams %R (14): | -25.27 | |
| Chande Momentum Oscillator (20): | -0.000794 | |
| Repulse (5,40,3): | 1.0160 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0132 | |
| Courbe Coppock: | 1.55 |
| MA7: | 0.227385 | |
| MA20: | 0.208345 | |
| MA50: | 0.186914 | |
| MA100: | 0.188879 | |
| MAexp7: | 0.231725 | |
| MAexp20: | 0.231343 | |
| MAexp50: | 0.230430 | |
| MAexp100: | 0.228166 | |
| Price / MA7: | +2.90% | |
| Price / MA20: | +12.31% | |
| Price / MA50: | +25.19% | |
| Price / MA100: | +23.88% | |
| Price / MAexp7: | +0.98% | |
| Price / MAexp20: | +1.14% | |
| Price / MAexp50: | +1.54% | |
| Price / MAexp100: | +2.55% |
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.
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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