LOOPRING - LRC/USD - 1H - Technical analysis published on 02/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 0.244419 USD
My targets
0.255674 USD (+1.72%)
0.257886 USD (+2.60%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on LOOPRING - LRC/USD as long as the price remains well above 0.244419 USD. The buyers' bullish objective is set at 0.255674 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.257886 USD. If there is any crossing, the next objective would be the resistance located at 0.263113 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.4
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Additional analysis
Quotes
The LOOPRING - LRC/USD rating is 0.251339 USD. The price registered a decrease of -0.15% on the session and was traded between 0.249214 USD and 0.255071 USD over the period. The price is currently at +0.85% from its lowest and -1.46% from its highest.0.249214
0.255071
0.251339
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this LOOPRING - LRC/USD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.233849 | 0.241811 | 0.244419 | 0.251339 | 0.251351 | 0.255674 | 0.257886 |
| Change (%) | -6.96% | -3.79% | -2.75% | - | +0.00% | +1.72% | +2.60% |
| Change | -0.017490 | -0.009528 | -0.006920 | - | +0.000012 | +0.004335 | +0.006547 |
| Level | Major | Major | Intermediate | - | Minor | 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 | 0.231273 | 0.237828 | 0.244776 | 0.251331 | 0.258279 | 0.264834 | 0.271782 |
| Camarilla | 0.248011 | 0.249249 | 0.250486 | 0.251724 | 0.252962 | 0.254200 | 0.255437 |
| Woodie | 0.231470 | 0.237926 | 0.244973 | 0.251429 | 0.258476 | 0.264932 | 0.271979 |
| Fibonacci | 0.237828 | 0.242986 | 0.246173 | 0.251331 | 0.256489 | 0.259676 | 0.264834 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.204465 | 0.212943 | 0.226680 | 0.235158 | 0.248895 | 0.257373 | 0.271110 |
| Camarilla | 0.234307 | 0.236343 | 0.238380 | 0.240416 | 0.242452 | 0.244489 | 0.246525 |
| Woodie | 0.207094 | 0.214258 | 0.229309 | 0.236473 | 0.251524 | 0.258688 | 0.273739 |
| Fibonacci | 0.212943 | 0.221430 | 0.226672 | 0.235158 | 0.243645 | 0.248887 | 0.257373 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.084266 | 0.149618 | 0.189860 | 0.255212 | 0.295454 | 0.360806 | 0.401048 |
| Camarilla | 0.201064 | 0.210743 | 0.220423 | 0.230102 | 0.239782 | 0.249461 | 0.259140 |
| Woodie | 0.071711 | 0.143341 | 0.177305 | 0.248935 | 0.282899 | 0.354529 | 0.388493 |
| Fibonacci | 0.149618 | 0.189955 | 0.214875 | 0.255212 | 0.295549 | 0.320469 | 0.360806 |
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): | 52.64 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -2.668767 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.251052 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.244545 | |
| Elder Ray (13): | 0.001120 | |
| Super Trend (3,10): | 0.246785 | |
| Zig ZAG (10): | 0.252177 | |
| VORTEX (21): | 1.0049 | |
| Stochastique (14,3,5): | 77.69 | |
| TEMA (21): | 0.250674 | |
| Williams %R (14): | -12.32 | |
| Chande Momentum Oscillator (20): | 0.002935 | |
| Repulse (5,40,3): | 0.5508 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0237 | |
| Courbe Coppock: | 0.14 |
| MA7: | 0.246885 | |
| MA20: | 0.237909 | |
| MA50: | 0.249065 | |
| MA100: | 0.248768 | |
| MAexp7: | 0.251241 | |
| MAexp20: | 0.251228 | |
| MAexp50: | 0.250842 | |
| MAexp100: | 0.248527 | |
| Price / MA7: | +1.80% | |
| Price / MA20: | +5.65% | |
| Price / MA50: | +0.91% | |
| Price / MA100: | +1.03% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +1.13% |
Quotes :
-
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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