LCX - LCX/USD - 1H - Technical analysis published on 11/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
50%
39%
My opinion
Bullish above 0.105747 USD
My targets
0.110671 USD (+2.92%)
0.114072 USD (+6.08%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.105747 USD remains possible. It is advisable to trade LCX - LCX/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.105747 USD. The next bullish objective for buyers is set at 0.110671 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.114072 USD. If there is any crossing, the next objective would be the resistance located at 0.119136 USD. PS: if there is a bearish break in the support located at 0.105747 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.5
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Additional analysis
Quotes
The LCX - LCX/USD price is 0.107531 USD. The price registered a decrease of -0.03% on the session and was between 0.106687 USD and 0.108747 USD. This implies that the price is at +0.79% from its lowest and at -1.12% from its highest.0.106687
0.108747
0.107531
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of LCX - LCX/USD indicates that the overall trend is bullish. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.096137 | 0.100443 | 0.105747 | 0.107531 | 0.108171 | 0.110671 | 0.114072 |
| Change (%) | -10.60% | -6.59% | -1.66% | - | +0.60% | +2.92% | +6.08% |
| Change | -0.011394 | -0.007088 | -0.001784 | - | +0.000640 | +0.003140 | +0.006541 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | Major |
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 | 0.085260 | 0.092889 | 0.100226 | 0.107855 | 0.115192 | 0.122821 | 0.130158 |
| Camarilla | 0.103448 | 0.104820 | 0.106192 | 0.107564 | 0.108936 | 0.110308 | 0.111680 |
| Woodie | 0.085115 | 0.092816 | 0.100081 | 0.107782 | 0.115047 | 0.122748 | 0.130013 |
| Fibonacci | 0.092889 | 0.098606 | 0.102138 | 0.107855 | 0.113572 | 0.117104 | 0.122821 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.055475 | 0.071629 | 0.090081 | 0.106235 | 0.124687 | 0.140841 | 0.159293 |
| Camarilla | 0.099016 | 0.102189 | 0.105361 | 0.108533 | 0.111705 | 0.114877 | 0.118050 |
| Woodie | 0.056624 | 0.072204 | 0.091230 | 0.106810 | 0.125836 | 0.141416 | 0.160442 |
| Fibonacci | 0.071629 | 0.084849 | 0.093016 | 0.106235 | 0.119455 | 0.127622 | 0.140841 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.060042 | 0.009640 | 0.050815 | 0.120497 | 0.161672 | 0.231354 | 0.272529 |
| Camarilla | 0.061503 | 0.071665 | 0.081827 | 0.091989 | 0.102151 | 0.112313 | 0.122475 |
| Woodie | -0.074297 | 0.002513 | 0.036561 | 0.113370 | 0.147418 | 0.224227 | 0.258275 |
| Fibonacci | 0.009640 | 0.051988 | 0.078150 | 0.120497 | 0.162845 | 0.189007 | 0.231354 |
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): | 49.99 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 3.268026 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.108765 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.113836 | |
| Elder Ray (13): | -0.000699 | |
| Super Trend (3,10): | 0.106131 | |
| Zig ZAG (10): | 0.106977 | |
| VORTEX (21): | 1.1317 | |
| Stochastique (14,3,5): | 20.16 | |
| TEMA (21): | 0.107957 | |
| Williams %R (14): | -79.14 | |
| Chande Momentum Oscillator (20): | -0.001228 | |
| Repulse (5,40,3): | -0.1654 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1283 | |
| Courbe Coppock: | 3.20 |
| MA7: | 0.102243 | |
| MA20: | 0.100533 | |
| MA50: | 0.119548 | |
| MA100: | 0.126612 | |
| MAexp7: | 0.107718 | |
| MAexp20: | 0.107997 | |
| MAexp50: | 0.106124 | |
| MAexp100: | 0.104024 | |
| Price / MA7: | +5.17% | |
| Price / MA20: | +6.96% | |
| Price / MA50: | -10.05% | |
| Price / MA100: | -15.07% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | +1.33% | |
| Price / MAexp100: | +3.37% |
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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