LOOPRING - LRC/USDT - 1H - Technical analysis published on 04/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.420667 USDT
My targets
0.459140 USDT (+3.85%)
0.537600 USDT (+21.60%)
My analysis
The bullish trend is currently very strong on LOOPRING - LRC/USDT. As long as the price remains above the support at 0.420667 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.459140 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.537600 USDT as an objective. Crossing it would then enable buyers to target 0.830000 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
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This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LOOPRING - LRC/USDT rating 0.442100 USDT. The price registered an increase of +21.59% on the session with the lowest point at 0.362400 USDT and the highest point at 0.446600 USDT. The deviation from the price is +21.99% for the low point and -1.01% for the high point.0.362400
0.446600
0.442100
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:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of LOOPRING - LRC/USDT indicates that the overall trend is strongly bullish. 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
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.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.365000 | 0.368020 | 0.415200 | 0.442100 | 0.459140 | 0.830000 | 1.284000 |
| Change (%) | -17.44% | -16.76% | -6.08% | - | +3.85% | +87.74% | +190.43% |
| Change | -0.077100 | -0.074080 | -0.026900 | - | +0.017040 | +0.387900 | +0.841900 |
| Level | Intermediate | Major | Minor | - | 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 | 0.338233 | 0.343867 | 0.353733 | 0.359367 | 0.369233 | 0.374867 | 0.384733 |
| Camarilla | 0.359338 | 0.360758 | 0.362179 | 0.363600 | 0.365021 | 0.366442 | 0.367863 |
| Woodie | 0.340350 | 0.344925 | 0.355850 | 0.360425 | 0.371350 | 0.375925 | 0.386850 |
| Fibonacci | 0.343867 | 0.349788 | 0.353446 | 0.359367 | 0.365288 | 0.368946 | 0.374867 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.286867 | 0.314333 | 0.331467 | 0.358933 | 0.376067 | 0.403533 | 0.420667 |
| Camarilla | 0.336335 | 0.340423 | 0.344512 | 0.348600 | 0.352688 | 0.356777 | 0.360865 |
| Woodie | 0.281700 | 0.311750 | 0.326300 | 0.356350 | 0.370900 | 0.400950 | 0.415500 |
| Fibonacci | 0.314333 | 0.331371 | 0.341896 | 0.358933 | 0.375971 | 0.386496 | 0.403533 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.156300 | 0.206300 | 0.283400 | 0.333400 | 0.410500 | 0.460500 | 0.537600 |
| Camarilla | 0.325548 | 0.337198 | 0.348849 | 0.360500 | 0.372151 | 0.383802 | 0.395453 |
| Woodie | 0.169850 | 0.213075 | 0.296950 | 0.340175 | 0.424050 | 0.467275 | 0.551150 |
| Fibonacci | 0.206300 | 0.254852 | 0.284848 | 0.333400 | 0.381952 | 0.411948 | 0.460500 |
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): | 67.27 | |
| MACD (12,26,9): | 0.0071 | |
| Directional Movement: | 31.783848 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.382151 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.376093 | |
| Elder Ray (13): | 0.006387 | |
| Super Trend (3,10): | 0.370458 | |
| Zig ZAG (10): | 0.387100 | |
| VORTEX (21): | 1.1959 | |
| Stochastique (14,3,5): | 62.67 | |
| TEMA (21): | 0.386907 | |
| Williams %R (14): | -13.65 | |
| Chande Momentum Oscillator (20): | 0.029200 | |
| Repulse (5,40,3): | 3.7304 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2526 | |
| Courbe Coppock: | 12.25 |
| MA7: | 0.361543 | |
| MA20: | 0.358280 | |
| MA50: | 0.351354 | |
| MA100: | 0.327667 | |
| MAexp7: | 0.384378 | |
| MAexp20: | 0.372784 | |
| MAexp50: | 0.364116 | |
| MAexp100: | 0.359444 | |
| Price / MA7: | +22.28% | |
| Price / MA20: | +23.40% | |
| Price / MA50: | +25.83% | |
| Price / MA100: | +34.92% | |
| Price / MAexp7: | +15.02% | |
| Price / MAexp20: | +18.59% | |
| Price / MAexp50: | +21.42% | |
| Price / MAexp100: | +23.00% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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