LCX - LCX/USD - 1H - Technical analysis published on 06/07/2023 (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:
Bullish
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 0.053636 USD
My targets
0.051200 USD (-1.67%)
0.050010 USD (-3.96%)
My analysis
The basic trend is bearish on LCX - LCX/USD and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 0.053636 USD. Buyers would then use the next resistance located at 0.055500 USD as an objective. Crossing it would then enable buyers to target 0.057355 USD. If there is a return to below the support located at 0.051200 USD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 0.050010 USD and 0.030567 USD by extension.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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Additional analysis
Quotes
LCX - LCX/USD rating 0.052070 USD. On the day, this instrument gained +1.50% and was between 0.051310 USD and 0.052070 USD. This implies that the price is at +1.48% from its lowest and at 0% from its highest.0.051310
0.052070
0.052070
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LCX - LCX/USD:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this LCX - LCX/USD chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.030567 | 0.050010 | 0.051200 | 0.052070 | 0.053636 | 0.055500 | 0.057355 |
| Change (%) | -41.30% | -3.96% | -1.67% | - | +3.01% | +6.59% | +10.15% |
| Change | -0.021503 | -0.002060 | -0.000870 | - | +0.001566 | +0.003430 | +0.005285 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | 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 | 0.043273 | 0.045427 | 0.048363 | 0.050517 | 0.053453 | 0.055607 | 0.058543 |
| Camarilla | 0.049900 | 0.050367 | 0.050833 | 0.051300 | 0.051767 | 0.052233 | 0.052700 |
| Woodie | 0.043665 | 0.045623 | 0.048755 | 0.050713 | 0.053845 | 0.055803 | 0.058935 |
| Fibonacci | 0.045427 | 0.047371 | 0.048572 | 0.050517 | 0.052461 | 0.053662 | 0.055607 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.040793 | 0.045347 | 0.050373 | 0.054927 | 0.059953 | 0.064507 | 0.069533 |
| Camarilla | 0.052766 | 0.053644 | 0.054522 | 0.055400 | 0.056278 | 0.057156 | 0.058035 |
| Woodie | 0.041030 | 0.045465 | 0.050610 | 0.055045 | 0.060190 | 0.064625 | 0.069770 |
| Fibonacci | 0.045347 | 0.049006 | 0.051267 | 0.054927 | 0.058586 | 0.060847 | 0.064507 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.027810 | 0.037900 | 0.047560 | 0.057650 | 0.067310 | 0.077400 | 0.087060 |
| Camarilla | 0.051789 | 0.053599 | 0.055410 | 0.057220 | 0.059030 | 0.060841 | 0.062651 |
| Woodie | 0.027595 | 0.037793 | 0.047345 | 0.057543 | 0.067095 | 0.077293 | 0.086845 |
| Fibonacci | 0.037900 | 0.045445 | 0.050106 | 0.057650 | 0.065195 | 0.069856 | 0.077400 |
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): | 53.20 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -2.178905 | |
| AROON (14): | 71.428571 | |
| DEMA (21): | 0.050753 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.049092 | |
| Elder Ray (13): | 0.000464 | |
| Super Trend (3,10): | 0.052021 | |
| Zig ZAG (10): | 0.051600 | |
| VORTEX (21): | 1.0067 | |
| Stochastique (14,3,5): | 93.03 | |
| TEMA (21): | 0.051268 | |
| Williams %R (14): | -9.05 | |
| Chande Momentum Oscillator (20): | 0.001300 | |
| Repulse (5,40,3): | 1.9456 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1237 | |
| Courbe Coppock: | 3.72 |
| MA7: | 0.054823 | |
| MA20: | 0.052702 | |
| MA50: | 0.055688 | |
| MA100: | 0.070685 | |
| MAexp7: | 0.051383 | |
| MAexp20: | 0.051107 | |
| MAexp50: | 0.052004 | |
| MAexp100: | 0.053055 | |
| Price / MA7: | -5.02% | |
| Price / MA20: | -1.20% | |
| Price / MA50: | -6.50% | |
| Price / MA100: | -26.34% | |
| Price / MAexp7: | +1.34% | |
| Price / MAexp20: | +1.88% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | -1.86% |
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.
About author
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