LOOPRING - LRC/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	LRCUSDT
ISIN:

LOOPRING - LRC/USDT - Weekly - Technical analysis published on 08/07/2022 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

33%

My opinion

Bearish under 0.541133 USDT

My targets

0.351400 USDT (-27.40%)

0.284300 USDT (-41.26%)

My analysis

In the short term, we can see an acceleration in the bearish trend on LOOPRING - LRC/USDT, which is a positive signal for sellers. As long as the price remains above 0.541133 USDT, a sale could be considered. The first bearish objective is located at 0.351400 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.284300 USDT as an objective. Crossing it would then enable sellers to target 0.178620 USDT. If the price were to return above 0.541133 USDT, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

4.3

Comment on the analysis

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 blade110. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The LOOPRING - LRC/USDT price is 0.484000 USDT. The price registered an increase of +14.34% over 5 days with the lowest point at 0.390100 USDT and the highest point at 0.440700 USDT. The deviation from the price is +24.07% for the low point and +9.83% for the high point.

0.390100

0.440700

0.484000

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

Here is a more detailed summary of the historical variations registered by LOOPRING - LRC/USDT:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of LOOPRING - LRC/USDT indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Weekly

In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Weekly

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.178620	0.484000	0.541133	0.830000	1.284000
Change (%)	-63.10%	-	+11.80%	+71.49%	+165.29%
Change	-0.305380	-	+0.057133	+0.346000	+0.800000
Level	Intermediate	-	Minor	Intermediate	Intermediate

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	0.414700	0.423200	0.428100	0.436600	0.441500	0.450000	0.454900
Camarilla	0.429315	0.430543	0.431772	0.433000	0.434228	0.435457	0.436685
Woodie	0.412900	0.422300	0.426300	0.435700	0.439700	0.449100	0.453100
Fibonacci	0.423200	0.428319	0.431481	0.436600	0.441719	0.444881	0.450000

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.338833	0.364467	0.398733	0.424367	0.458633	0.484267	0.518533
Camarilla	0.416528	0.422018	0.427509	0.433000	0.438491	0.443982	0.449473
Woodie	0.343150	0.366625	0.403050	0.426525	0.462950	0.486425	0.522850
Fibonacci	0.364467	0.387349	0.401485	0.424367	0.447249	0.461385	0.484267

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.221400	0.284300	0.351400	0.414300	0.481400	0.544300	0.611400
Camarilla	0.382750	0.394667	0.406583	0.418500	0.430417	0.442333	0.454250
Woodie	0.223500	0.285350	0.353500	0.415350	0.483500	0.545350	0.613500
Fibonacci	0.284300	0.333960	0.364640	0.414300	0.463960	0.494640	0.544300

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):	43.26
MACD (12,26,9):	-0.1548
Directional Movement:	-1.293454
AROON (14):	-42.857143
DEMA (21):	0.359062
Parabolic SAR (0,02-0,02-0,2):	0.573712
Elder Ray (13):	-0.031463
Super Trend (3,10):	0.902866
Zig ZAG (10):	0.483000
VORTEX (21):	0.9318
Stochastique (14,3,5):	28.58
TEMA (21):	0.277668
Williams %R (14):	-53.71
Chande Momentum Oscillator (20):	-0.028800
Repulse (5,40,3):	17.4858
ROCnROLL:	-1
TRIX (15,9):	-3.0084
Courbe Coppock:	81.04

MA7:	0.428614
MA20:	0.417425
MA50:	0.403086
MA100:	0.466050
MAexp7:	0.438431
MAexp20:	0.568063
MAexp50:	0.721977
MAexp100:	0.658166
Price / MA7:	+12.92%
Price / MA20:	+15.95%
Price / MA50:	+20.07%
Price / MA100:	+3.85%
Price / MAexp7:	+10.39%
Price / MAexp20:	-14.80%
Price / MAexp50:	-32.96%
Price / MAexp100:	-26.46%

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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