LCX - LCX/USD - 1H - Technical analysis published on 11/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 0.040938 USD
My targets
0.038906 USD (-4.29%)
0.036800 USD (-9.47%)
My analysis
LCX - LCX/USD 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 0.040938 USD. The next support located at 0.038906 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.036800 USD. 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
6.8
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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 0.040650 USD. The price is lower by -0.44% since the last closing with the lowest point at 0.039842 USD and the highest point at 0.041600 USD. The deviation from the price is +2.03% for the low point and -2.28% for the high point.0.039842
0.041600
0.040650
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this LCX - LCX/USD chart shows a sharp bearish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.036800 | 0.040650 | 0.040938 | 0.042030 | 0.043699 |
| Change (%) | -9.47% | - | +0.71% | +3.39% | +7.50% |
| Change | -0.003850 | - | +0.000288 | +0.001380 | +0.003049 |
| Level | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.036999 | 0.038913 | 0.039871 | 0.041785 | 0.042743 | 0.044657 | 0.045615 |
| Camarilla | 0.040038 | 0.040302 | 0.040565 | 0.040828 | 0.041091 | 0.041355 | 0.041618 |
| Woodie | 0.036520 | 0.038674 | 0.039392 | 0.041546 | 0.042264 | 0.044418 | 0.045136 |
| Fibonacci | 0.038913 | 0.040010 | 0.040688 | 0.041785 | 0.042882 | 0.043560 | 0.044657 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.030297 | 0.035511 | 0.038906 | 0.044120 | 0.047515 | 0.052729 | 0.056124 |
| Camarilla | 0.039933 | 0.040722 | 0.041511 | 0.042300 | 0.043089 | 0.043878 | 0.044668 |
| Woodie | 0.029387 | 0.035056 | 0.037996 | 0.043665 | 0.046605 | 0.052274 | 0.055214 |
| Fibonacci | 0.035511 | 0.038800 | 0.040832 | 0.044120 | 0.047409 | 0.049441 | 0.052729 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.020936 | 0.029075 | 0.034490 | 0.042629 | 0.048044 | 0.056183 | 0.061598 |
| Camarilla | 0.036177 | 0.037419 | 0.038662 | 0.039904 | 0.041147 | 0.042389 | 0.043631 |
| Woodie | 0.019573 | 0.028394 | 0.033127 | 0.041948 | 0.046681 | 0.055502 | 0.060235 |
| Fibonacci | 0.029075 | 0.034253 | 0.037452 | 0.042629 | 0.047807 | 0.051006 | 0.056183 |
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): | 40.25 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -17.289722 | |
| AROON (14): | -21.428571 | |
| DEMA (21): | 0.040642 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.040100 | |
| Elder Ray (13): | -0.000450 | |
| Super Trend (3,10): | 0.042495 | |
| Zig ZAG (10): | 0.040599 | |
| VORTEX (21): | 0.9014 | |
| Stochastique (14,3,5): | 34.35 | |
| TEMA (21): | 0.040387 | |
| Williams %R (14): | -73.08 | |
| Chande Momentum Oscillator (20): | -0.000902 | |
| Repulse (5,40,3): | -0.4440 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1439 | |
| Courbe Coppock: | 3.51 |
| MA7: | 0.042979 | |
| MA20: | 0.044146 | |
| MA50: | 0.041931 | |
| MA100: | 0.041753 | |
| MAexp7: | 0.040766 | |
| MAexp20: | 0.041175 | |
| MAexp50: | 0.041739 | |
| MAexp100: | 0.042343 | |
| Price / MA7: | -5.42% | |
| Price / MA20: | -7.92% | |
| Price / MA50: | -3.06% | |
| Price / MA100: | -2.64% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | -1.28% | |
| Price / MAexp50: | -2.61% | |
| Price / MAexp100: | -4.00% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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