LOOPRING - LRC/USD - Daily - Technical analysis published on 02/25/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 0.034800 USD
My targets
0.043872 USD (+8.48%)
0.052443 USD (+29.68%)
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 0.034800 USD. The buyers” bullish objective is set at 0.043872 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.052443 USD. If there is any crossing, the next objective would be the resistance located at 0.109493 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
4.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LOOPRING - LRC/USD rating is 0.040441 USD. The price has increased by -9.37% since the last closing and was between 0.040037 USD and 0.044772 USD. This implies that the price is at +1.01% from its lowest and at -9.67% from its highest.0.040037
0.044772
0.040441
Here is a more detailed summary of the historical variations registered by LOOPRING - LRC/USD:
Technical
A technical analysis in Daily of this LOOPRING - LRC/USD chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.020307 | 0.026826 | 0.034294 | 0.040441 | 0.043872 | 0.109493 | 1.100000 |
| Change (%) | -49.79% | -33.67% | -15.20% | - | +8.48% | +170.75% | +2,620.01% |
| Change | -0.020134 | -0.013615 | -0.006147 | - | +0.003431 | +0.069052 | +1.059559 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Minor |
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 | 0.034498 | 0.038279 | 0.041450 | 0.045231 | 0.048402 | 0.052183 | 0.055354 |
| Camarilla | 0.042710 | 0.043348 | 0.043985 | 0.044622 | 0.045259 | 0.045897 | 0.046534 |
| Woodie | 0.034194 | 0.038127 | 0.041146 | 0.045079 | 0.048098 | 0.052031 | 0.055050 |
| Fibonacci | 0.038279 | 0.040934 | 0.042575 | 0.045231 | 0.047886 | 0.049527 | 0.052183 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.018697 | 0.026360 | 0.035570 | 0.043233 | 0.052443 | 0.060106 | 0.069316 |
| Camarilla | 0.040139 | 0.041686 | 0.043232 | 0.044779 | 0.046326 | 0.047872 | 0.049419 |
| Woodie | 0.019470 | 0.026747 | 0.036343 | 0.043620 | 0.053216 | 0.060493 | 0.070089 |
| Fibonacci | 0.026360 | 0.032806 | 0.036788 | 0.043233 | 0.049679 | 0.053661 | 0.060106 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014945 | 0.018066 | 0.023312 | 0.026433 | 0.031679 | 0.034800 | 0.040046 |
| Camarilla | 0.026256 | 0.027023 | 0.027790 | 0.028557 | 0.029324 | 0.030091 | 0.030858 |
| Woodie | 0.016007 | 0.018597 | 0.024374 | 0.026964 | 0.032741 | 0.035331 | 0.041108 |
| Fibonacci | 0.018066 | 0.021263 | 0.023237 | 0.026433 | 0.029630 | 0.031604 | 0.034800 |
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): | 54.23 | |
| MACD (12,26,9): | 0.0035 | |
| Directional Movement: | 17.023132 | |
| AROON (14): | -14.285715 | |
| DEMA (21): | 0.044781 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.051991 | |
| Elder Ray (13): | 0.000658 | |
| Super Trend (3,10): | 0.050305 | |
| Zig ZAG (10): | 0.040468 | |
| VORTEX (21): | 1.0901 | |
| Stochastique (14,3,5): | 42.34 | |
| TEMA (21): | 0.045329 | |
| Williams %R (14): | -73.96 | |
| Chande Momentum Oscillator (20): | -0.001748 | |
| Repulse (5,40,3): | -16.6586 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.6700 | |
| Courbe Coppock: | 24.66 |
| MA7: | 0.043105 | |
| MA20: | 0.040799 | |
| MA50: | 0.031701 | |
| MA100: | 0.027550 | |
| MAexp7: | 0.043126 | |
| MAexp20: | 0.040012 | |
| MAexp50: | 0.034313 | |
| MAexp100: | 0.031572 | |
| Price / MA7: | -6.18% | |
| Price / MA20: | -0.88% | |
| Price / MA50: | +27.57% | |
| Price / MA100: | +46.79% | |
| Price / MAexp7: | -6.23% | |
| Price / MAexp20: | +1.07% | |
| Price / MAexp50: | +17.86% | |
| Price / MAexp100: | +28.09% |
This member declared not having a position on this financial instrument or a related financial instrument.
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