LOOPRING - LRC/USDT - 1H - Technical analysis published on 10/19/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 0.029540 USDT
My targets
0.028680 USDT (-1.78%)
My analysis
LOOPRING - LRC/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.029540 USDT. The next support located at 0.028680 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.4
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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/USDT price is 0.029200 USDT. On the day, this instrument lost -1.35% with the lowest point at 0.029100 USDT and the highest point at 0.029800 USDT. The deviation from the price is +0.34% for the low point and -2.01% for the high point.0.029100
0.029800
0.029200
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of LOOPRING - LRC/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 6 are bullish, 4 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.029200 | 0.029540 | 0.030395 | 0.031110 |
| Change (%) | - | +1.16% | +4.09% | +6.54% |
| Change | - | +0.000340 | +0.001195 | +0.001910 |
| Level | - | 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 | 0.027167 | 0.028133 | 0.028867 | 0.029833 | 0.030567 | 0.031533 | 0.032267 |
| Camarilla | 0.029133 | 0.029288 | 0.029444 | 0.029600 | 0.029756 | 0.029912 | 0.030068 |
| Woodie | 0.027050 | 0.028075 | 0.028750 | 0.029775 | 0.030450 | 0.031475 | 0.032150 |
| Fibonacci | 0.028133 | 0.028783 | 0.029184 | 0.029833 | 0.030483 | 0.030884 | 0.031533 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.028680 | 0.030240 | 0.031270 | 0.032830 | 0.033860 | 0.035420 | 0.036450 |
| Camarilla | 0.031588 | 0.031825 | 0.032063 | 0.032300 | 0.032537 | 0.032775 | 0.033012 |
| Woodie | 0.028415 | 0.030108 | 0.031005 | 0.032698 | 0.033595 | 0.035288 | 0.036185 |
| Fibonacci | 0.030240 | 0.031229 | 0.031841 | 0.032830 | 0.033819 | 0.034431 | 0.035420 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.031117 | 0.032213 | 0.031807 | 0.032903 | 0.032497 | 0.033593 | 0.033187 |
| Camarilla | 0.031210 | 0.031274 | 0.031337 | 0.031400 | 0.031463 | 0.031527 | 0.031590 |
| Woodie | 0.030365 | 0.031838 | 0.031055 | 0.032528 | 0.031745 | 0.033218 | 0.032435 |
| Fibonacci | 0.032213 | 0.032477 | 0.032640 | 0.032903 | 0.033167 | 0.033330 | 0.033593 |
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): | 40.29 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -9.894880 | |
| AROON (14): | -35.714283 | |
| DEMA (21): | 0.029300 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.029772 | |
| Elder Ray (13): | -0.000161 | |
| Super Trend (3,10): | 0.029912 | |
| Zig ZAG (10): | 0.029300 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 28.10 | |
| TEMA (21): | 0.029340 | |
| Williams %R (14): | -71.43 | |
| Chande Momentum Oscillator (20): | -0.000200 | |
| Repulse (5,40,3): | 0.2255 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0587 | |
| Courbe Coppock: | 0.73 |
| MA7: | 0.034530 | |
| MA20: | 0.033411 | |
| MA50: | 0.034076 | |
| MA100: | 0.036325 | |
| MAexp7: | 0.029363 | |
| MAexp20: | 0.029465 | |
| MAexp50: | 0.029774 | |
| MAexp100: | 0.030299 | |
| Price / MA7: | -15.44% | |
| Price / MA20: | -12.60% | |
| Price / MA50: | -14.31% | |
| Price / MA100: | -19.61% | |
| Price / MAexp7: | -0.56% | |
| Price / MAexp20: | -0.90% | |
| Price / MAexp50: | -1.93% | |
| Price / MAexp100: | -3.63% |
This member declared not having a position on this financial instrument or a related financial instrument.
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