LOOPRING - LRC/USD - 1H - Technical analysis published on 03/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
56%
33%
My opinion
Bullish above 0.320271 USD
My targets
0.338200 USD (+4.86%)
0.375447 USD (+16.41%)
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 0.320271 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 0.320271 USD. The next bullish objective for buyers is set at 0.338200 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.375447 USD. If there is any crossing, the next objective would be the resistance located at 0.442301 USD. PS: if there is a bearish break in the support located at 0.320271 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.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.1
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Additional analysis
Quotes
The LOOPRING - LRC/USD rating is 0.322518 USD. The price is lower by -0.21% since the last closing and was traded between 0.292850 USD and 0.340589 USD over the period. The price is currently at +10.13% from its lowest and -5.31% from its highest.0.292850
0.340589
0.322518
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this LOOPRING - LRC/USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Long black line
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.273129 | 0.282784 | 0.304592 | 0.322518 | 0.338200 | 0.442301 | 1.283290 |
| Change (%) | -15.31% | -12.32% | -5.56% | - | +4.86% | +37.14% | +297.90% |
| Change | -0.049389 | -0.039734 | -0.017926 | - | +0.015682 | +0.119783 | +0.960772 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.280624 | 0.291187 | 0.307190 | 0.317753 | 0.333756 | 0.344319 | 0.360322 |
| Camarilla | 0.315886 | 0.318322 | 0.320757 | 0.323192 | 0.325627 | 0.328062 | 0.330498 |
| Woodie | 0.283343 | 0.292547 | 0.309909 | 0.319113 | 0.336475 | 0.345679 | 0.363041 |
| Fibonacci | 0.291187 | 0.301336 | 0.307605 | 0.317753 | 0.327902 | 0.334171 | 0.344319 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.202804 | 0.228931 | 0.276062 | 0.302189 | 0.349320 | 0.375447 | 0.422578 |
| Camarilla | 0.303046 | 0.309761 | 0.316477 | 0.323192 | 0.329907 | 0.336623 | 0.343338 |
| Woodie | 0.213305 | 0.234182 | 0.286563 | 0.307440 | 0.359821 | 0.380698 | 0.433079 |
| Fibonacci | 0.228931 | 0.256916 | 0.274205 | 0.302189 | 0.330174 | 0.347463 | 0.375447 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.154845 | 0.188134 | 0.237558 | 0.270847 | 0.320271 | 0.353560 | 0.402984 |
| Camarilla | 0.264237 | 0.271819 | 0.279401 | 0.286983 | 0.294565 | 0.302147 | 0.309729 |
| Woodie | 0.162914 | 0.192168 | 0.245627 | 0.274881 | 0.328340 | 0.357594 | 0.411053 |
| Fibonacci | 0.188134 | 0.219730 | 0.239250 | 0.270847 | 0.302443 | 0.321963 | 0.353560 |
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): | 46.16 | |
| MACD (12,26,9): | 0.0032 | |
| Directional Movement: | -16.754188 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.326744 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.336879 | |
| Elder Ray (13): | -0.006084 | |
| Super Trend (3,10): | 0.334026 | |
| Zig ZAG (10): | 0.318123 | |
| VORTEX (21): | 1.0228 | |
| Stochastique (14,3,5): | 41.02 | |
| TEMA (21): | 0.325064 | |
| Williams %R (14): | -50.21 | |
| Chande Momentum Oscillator (20): | -0.003991 | |
| Repulse (5,40,3): | -1.3159 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2285 | |
| Courbe Coppock: | 2.83 |
| MA7: | 0.297739 | |
| MA20: | 0.271644 | |
| MA50: | 0.250959 | |
| MA100: | 0.257201 | |
| MAexp7: | 0.322354 | |
| MAexp20: | 0.321445 | |
| MAexp50: | 0.313612 | |
| MAexp100: | 0.304256 | |
| Price / MA7: | +8.32% | |
| Price / MA20: | +18.73% | |
| Price / MA50: | +28.51% | |
| Price / MA100: | +25.40% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.33% | |
| Price / MAexp50: | +2.84% | |
| Price / MAexp100: | +6.00% |
Quotes :
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Real time data
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