LCX - LCX/USD - 1H - Technical analysis published on 08/21/2023 (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:
Strongly bullish
Underlying:
Neutral
Technical indicators
33%
11%
56%
My opinion
Bullish above 0.041400 USD
My targets
0.044010 USD (+3.12%)
0.045031 USD (+5.51%)
My analysis
The current short-term bullish acceleration on LCX - LCX/USD should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 0.041400 USD. Short-term buyers will use the resistance located at 0.044010 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 0.045031 USD. Crossing this resistance would then open the door for buyers to target 0.046928 USD. Caution, if there is a return to under 0.041400 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
1.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LCX - LCX/USD price is 0.042680 USD. On the day, this instrument lost -0.05% and was traded between 0.042200 USD and 0.043300 USD over the period. The price is currently at +1.14% from its lowest and -1.43% from its highest.0.042200
0.043300
0.042680
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of LCX - LCX/USD in 1H shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 10 are neutral and 2 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.041400 | 0.042680 | 0.045031 | 0.046928 | 0.049617 |
| Change (%) | -3.00% | - | +5.51% | +9.95% | +16.25% |
| Change | -0.001280 | - | +0.002351 | +0.004248 | +0.006937 |
| Level | Intermediate | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.040367 | 0.041033 | 0.041867 | 0.042533 | 0.043367 | 0.044033 | 0.044867 |
| Camarilla | 0.042288 | 0.042425 | 0.042563 | 0.042700 | 0.042838 | 0.042975 | 0.043113 |
| Woodie | 0.040450 | 0.041075 | 0.041950 | 0.042575 | 0.043450 | 0.044075 | 0.044950 |
| Fibonacci | 0.041033 | 0.041606 | 0.041960 | 0.042533 | 0.043106 | 0.043460 | 0.044033 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.032050 | 0.036540 | 0.039520 | 0.044010 | 0.046990 | 0.051480 | 0.054460 |
| Camarilla | 0.040446 | 0.041131 | 0.041815 | 0.042500 | 0.043185 | 0.043870 | 0.044554 |
| Woodie | 0.031295 | 0.036163 | 0.038765 | 0.043633 | 0.046235 | 0.051103 | 0.053705 |
| Fibonacci | 0.036540 | 0.039394 | 0.041157 | 0.044010 | 0.046864 | 0.048627 | 0.051480 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.019133 | 0.034167 | 0.042133 | 0.057167 | 0.065133 | 0.080167 | 0.088133 |
| Camarilla | 0.043775 | 0.045883 | 0.047992 | 0.050100 | 0.052208 | 0.054317 | 0.056425 |
| Woodie | 0.015600 | 0.032400 | 0.038600 | 0.055400 | 0.061600 | 0.078400 | 0.084600 |
| Fibonacci | 0.034167 | 0.042953 | 0.048381 | 0.057167 | 0.065953 | 0.071381 | 0.080167 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.83 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -6.206226 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.042704 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.042330 | |
| Elder Ray (13): | -0.000073 | |
| Super Trend (3,10): | 0.043502 | |
| Zig ZAG (10): | 0.042730 | |
| VORTEX (21): | 0.9625 | |
| Stochastique (14,3,5): | 57.15 | |
| TEMA (21): | 0.042753 | |
| Williams %R (14): | -35.82 | |
| Chande Momentum Oscillator (20): | -0.000110 | |
| Repulse (5,40,3): | 0.5373 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0103 | |
| Courbe Coppock: | 1.48 |
| MA7: | 0.043226 | |
| MA20: | 0.045488 | |
| MA50: | 0.053247 | |
| MA100: | 0.054168 | |
| MAexp7: | 0.042654 | |
| MAexp20: | 0.042657 | |
| MAexp50: | 0.042677 | |
| MAexp100: | 0.043166 | |
| Price / MA7: | -1.26% | |
| Price / MA20: | -6.17% | |
| Price / MA50: | -19.85% | |
| Price / MA100: | -21.21% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | -1.13% |
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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