LCX - LCX/USD - 1H - Technical analysis published on 07/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 0.056933 USD
My targets
0.053390 USD (-2.68%)
0.051900 USD (-5.40%)
My analysis
The strong short-term decline of LCX - LCX/USD reinforces the current slightly bearish trend. As long as the price remains below 0.056933 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 0.053390 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.051900 USD as an objective. Crossing it would then enable sellers to target 0.049478 USD. A return to above 0.056933 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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
1.6
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Additional analysis
Quotes
LCX - LCX/USD rating 0.054860 USD. The price is lower by -0.31% since the last closing and was traded between 0.054400 USD and 0.055700 USD over the period. The price is currently at +0.85% from its lowest and -1.51% from its highest.0.054400
0.055700
0.054860
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of LCX - LCX/USD in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.049478 | 0.051900 | 0.053390 | 0.054860 | 0.055180 | 0.056933 | 0.059350 |
| Change (%) | -9.81% | -5.40% | -2.68% | - | +0.58% | +3.78% | +8.18% |
| Change | -0.005382 | -0.002960 | -0.001470 | - | +0.000320 | +0.002073 | +0.004490 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | 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 | 0.052187 | 0.053343 | 0.054187 | 0.055343 | 0.056187 | 0.057343 | 0.058187 |
| Camarilla | 0.054480 | 0.054663 | 0.054847 | 0.055030 | 0.055213 | 0.055397 | 0.055580 |
| Woodie | 0.052030 | 0.053265 | 0.054030 | 0.055265 | 0.056030 | 0.057265 | 0.058030 |
| Fibonacci | 0.053343 | 0.054107 | 0.054579 | 0.055343 | 0.056107 | 0.056579 | 0.057343 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.034597 | 0.042823 | 0.048927 | 0.057153 | 0.063257 | 0.071483 | 0.077587 |
| Camarilla | 0.051089 | 0.052403 | 0.053716 | 0.055030 | 0.056344 | 0.057657 | 0.058971 |
| Woodie | 0.033535 | 0.042293 | 0.047865 | 0.056623 | 0.062195 | 0.070953 | 0.076525 |
| Fibonacci | 0.042823 | 0.048297 | 0.051679 | 0.057153 | 0.062627 | 0.066009 | 0.071483 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.011897 | 0.028013 | 0.049557 | 0.065673 | 0.087217 | 0.103333 | 0.124877 |
| Camarilla | 0.060744 | 0.064196 | 0.067648 | 0.071100 | 0.074552 | 0.078004 | 0.081457 |
| Woodie | 0.014610 | 0.029370 | 0.052270 | 0.067030 | 0.089930 | 0.104690 | 0.127590 |
| Fibonacci | 0.028013 | 0.042400 | 0.051287 | 0.065673 | 0.080060 | 0.088947 | 0.103333 |
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): | 48.44 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 2.054621 | |
| AROON (14): | -28.571428 | |
| DEMA (21): | 0.055271 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.055700 | |
| Elder Ray (13): | -0.000001 | |
| Super Trend (3,10): | 0.053807 | |
| Zig ZAG (10): | 0.055210 | |
| VORTEX (21): | 0.9378 | |
| Stochastique (14,3,5): | 58.46 | |
| TEMA (21): | 0.055107 | |
| Williams %R (14): | -45.38 | |
| Chande Momentum Oscillator (20): | 0.000360 | |
| Repulse (5,40,3): | -0.1614 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0143 | |
| Courbe Coppock: | 0.60 |
| MA7: | 0.054964 | |
| MA20: | 0.060457 | |
| MA50: | 0.058569 | |
| MA100: | 0.057621 | |
| MAexp7: | 0.055168 | |
| MAexp20: | 0.055227 | |
| MAexp50: | 0.055047 | |
| MAexp100: | 0.055267 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | -9.26% | |
| Price / MA50: | -6.33% | |
| Price / MA100: | -4.79% | |
| Price / MAexp7: | -0.56% | |
| Price / MAexp20: | -0.66% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.74% |
Quotes :
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Real time data
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