LOOPRING - LRC/USD
LOOPRING - LRC/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
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Type: Cryptocurrencies
Ticker: LRCUSD
ISIN:

LOOPRING - LRC/USD - 1H - Technical analysis published on 03/14/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 0.473649 USD
My targets
0.524552 USD (+8.49%)
1.283290 USD (+165.42%)
My analysis
LOOPRING - LRC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.473649 USD. The next resistance located at 0.524552 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.283290 USD. After this resistance, buyers could then target 3.426440 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
8.8

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

LOOPRING - LRC/USD rating 0.483492 USD. On the day, this instrument gained +13.18% and was traded between 0.422017 USD and 0.491105 USD over the period. The price is currently at +14.57% from its lowest and -1.55% from its highest.

0.422017
0.491105
0.483492

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

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 the following items:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of LOOPRING - LRC/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour


Three white soldiers

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 0.414778 0.442301 0.473649 0.483492 1.283290 3.426440
Change (%) -14.21% -8.52% -2.04% - +165.42% +608.69%
Change -0.068714 -0.041191 -0.009843 - +0.799798 +2.942948
Level Intermediate Intermediate Intermediate - Minor Major



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
Standard0.3789720.3969370.4120580.4300230.4451440.4631090.478230
Camarilla0.4180810.4211140.4241470.4271800.4302130.4332460.436279
Woodie0.3775510.3962260.4106370.4293120.4437230.4623980.476809
Fibonacci0.3969370.4095760.4173840.4300230.4426620.4504700.463109


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1883000.2295360.3003840.3416200.4124680.4537040.524552
Camarilla0.3404100.3506840.3609590.3712330.3815070.3917820.402056
Woodie0.2031070.2369390.3151910.3490230.4272750.4611070.539359
Fibonacci0.2295360.2723520.2988040.3416200.3844360.4108880.453704


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1548450.1881340.2375580.2708470.3202710.3535600.402984
Camarilla0.2642370.2718190.2794010.2869830.2945650.3021470.309729
Woodie0.1629140.1921680.2456270.2748810.3283400.3575940.411053
Fibonacci0.1881340.2197300.2392500.2708470.3024430.3219630.353560

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 75.13
MACD (12,26,9): 0.0098
Directional Movement: 33.261312
AROON (14): 92.857143
DEMA (21): 0.450315
Parabolic SAR (0,02-0,02-0,2): 0.418699
Elder Ray (13): 0.038230
Super Trend (3,10): 0.443892
Zig ZAG (10): 0.483301
VORTEX (21): 1.1811
Stochastique (14,3,5): 96.49
TEMA (21): 0.457376
Williams %R (14): -2.89
Chande Momentum Oscillator (20): 0.069104
Repulse (5,40,3): 12.0787
ROCnROLL: 1
TRIX (15,9): 0.1093
Courbe Coppock: 9.98
MA7: 0.413935
MA20: 0.346211
MA50: 0.283680
MA100: 0.275433
MAexp7: 0.457972
MAexp20: 0.439001
MAexp50: 0.428593
MAexp100: 0.414801
Price / MA7: +16.80%
Price / MA20: +39.65%
Price / MA50: +70.44%
Price / MA100: +75.54%
Price / MAexp7: +5.57%
Price / MAexp20: +10.13%
Price / MAexp50: +12.81%
Price / MAexp100: +16.56%

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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