LOOPRING - LRC/USDT - 1H - Technical analysis published on 01/26/2022 (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
50%
17%
33%
My opinion
Bullish above 0.980000 USDT
My targets
1.100000 USDT (+5.57%)
1.150000 USDT (+10.36%)
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/USDT as long as the price remains well above 0.980000 USDT. The buyers' bullish objective is set at 1.100000 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.150000 USDT. If there is any crossing, the next objective would be the resistance located at 1.240000 USDT. 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, 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
7.1
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Additional analysis
Quotes
The LOOPRING - LRC/USDT price is 1.042000 USDT. The price registered an increase of +1.17% on the session and was traded between 0.982000 USDT and 1.071000 USDT over the period. The price is currently at +6.11% from its lowest and -2.71% from its highest.0.982000
1.071000
1.042000
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:
Technical
Technical analysis of LOOPRING - LRC/USDT in 1H shows a strongly overall bullish trend. 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 does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.830000 | 0.890000 | 0.980000 | 1.042000 | 1.100000 | 1.150000 | 1.240000 |
| Change (%) | -20.35% | -14.59% | -5.95% | - | +5.57% | +10.36% | +19.00% |
| Change | -0.212000 | -0.152000 | -0.062000 | - | +0.058000 | +0.108000 | +0.198000 |
| Level | Major | Major | Minor | - | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.661500 | 0.750400 | 0.890200 | 0.979100 | 1.118900 | 1.207800 | 1.347600 |
| Camarilla | 0.967108 | 0.988072 | 1.009036 | 1.030000 | 1.050964 | 1.071928 | 1.092893 |
| Woodie | 0.686950 | 0.763125 | 0.915650 | 0.991825 | 1.144350 | 1.220525 | 1.373050 |
| Fibonacci | 0.750400 | 0.837763 | 0.891737 | 0.979100 | 1.066463 | 1.120437 | 1.207800 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.317600 | 0.166200 | 0.452400 | 0.936200 | 1.222400 | 1.706200 | 1.992400 |
| Camarilla | 0.526850 | 0.597433 | 0.668017 | 0.738600 | 0.809183 | 0.879767 | 0.950350 |
| Woodie | -0.416400 | 0.116800 | 0.353600 | 0.886800 | 1.123600 | 1.656800 | 1.893600 |
| Fibonacci | 0.166200 | 0.460340 | 0.642060 | 0.936200 | 1.230340 | 1.412060 | 1.706200 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.580000 | 1.230000 | 1.660000 | 2.310000 | 2.740000 | 3.390000 | 3.820000 |
| Camarilla | 1.793000 | 1.892000 | 1.991000 | 2.090000 | 2.189000 | 2.288000 | 2.387000 |
| Woodie | 0.470000 | 1.175000 | 1.550000 | 2.255000 | 2.630000 | 3.335000 | 3.710000 |
| Fibonacci | 1.230000 | 1.642560 | 1.897440 | 2.310000 | 2.722560 | 2.977440 | 3.390000 |
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): | 60.02 | |
| MACD (12,26,9): | 0.0313 | |
| Directional Movement: | 11.757027 | |
| AROON (14): | 7.142858 | |
| DEMA (21): | 1.055807 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.069900 | |
| Elder Ray (13): | 0.013811 | |
| Super Trend (3,10): | 0.946722 | |
| Zig ZAG (10): | 1.039000 | |
| VORTEX (21): | 1.1694 | |
| Stochastique (14,3,5): | 60.30 | |
| TEMA (21): | 1.051904 | |
| Williams %R (14): | -33.71 | |
| Chande Momentum Oscillator (20): | 0.011000 | |
| Repulse (5,40,3): | 0.8976 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5860 | |
| Courbe Coppock: | 4.48 |
| MA7: | 0.923043 | |
| MA20: | 1.256715 | |
| MA50: | 1.804686 | |
| MA100: | 1.867343 | |
| MAexp7: | 1.033986 | |
| MAexp20: | 1.009725 | |
| MAexp50: | 0.948359 | |
| MAexp100: | 0.925188 | |
| Price / MA7: | +12.89% | |
| Price / MA20: | -17.09% | |
| Price / MA50: | -42.26% | |
| Price / MA100: | -44.20% | |
| Price / MAexp7: | +0.78% | |
| Price / MAexp20: | +3.20% | |
| Price / MAexp50: | +9.87% | |
| Price / MAexp100: | +12.63% |
Quotes :
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Real time data
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