LOOM NETWORK - LOOM/USDT - Daily - Technical analysis published on 09/21/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 0.052640 USDT
My targets
0.062200 USDT (+12.99%)
0.076840 USDT (+39.58%)
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 0.052640 USDT remains possible. It is advisable to trade LOOM NETWORK - LOOM/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.052640 USDT. The next bullish objective for buyers is set at 0.062200 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.076840 USDT. If there is any crossing, the next objective would be the resistance located at 0.087960 USDT. PS: if there is a bearish break in the support located at 0.052640 USDT 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 indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.3
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Additional analysis
Quotes
The LOOM NETWORK - LOOM/USDT price is 0.055050 USDT. The price has increased by +0.59% since the last closing with the lowest point at 0.053090 USDT and the highest point at 0.065800 USDT. The deviation from the price is +3.69% for the low point and -16.34% for the high point.0.053090
0.065800
0.055050
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LOOM NETWORK - LOOM/USDT:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of LOOM NETWORK - LOOM/USDT indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.034430 | 0.043774 | 0.055050 | 0.055983 | 0.087960 | 0.097480 |
| Change (%) | -37.46% | -20.48% | - | +1.69% | +59.78% | +77.08% |
| Change | -0.020620 | -0.011276 | - | +0.000933 | +0.032910 | +0.042430 |
| Level | Minor | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.049467 | 0.051843 | 0.053287 | 0.055663 | 0.057107 | 0.059483 | 0.060927 |
| Camarilla | 0.053680 | 0.054030 | 0.054380 | 0.054730 | 0.055080 | 0.055430 | 0.055781 |
| Woodie | 0.049000 | 0.051610 | 0.052820 | 0.055430 | 0.056640 | 0.059250 | 0.060460 |
| Fibonacci | 0.051843 | 0.053303 | 0.054204 | 0.055663 | 0.057123 | 0.058024 | 0.059483 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.090800 | -0.021260 | 0.020520 | 0.090060 | 0.131840 | 0.201380 | 0.243160 |
| Camarilla | 0.031687 | 0.041891 | 0.052096 | 0.062300 | 0.072504 | 0.082709 | 0.092913 |
| Woodie | -0.104680 | -0.028200 | 0.006640 | 0.083120 | 0.117960 | 0.194440 | 0.229280 |
| Fibonacci | -0.021260 | 0.021264 | 0.047536 | 0.090060 | 0.132584 | 0.158856 | 0.201380 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.013800 | 0.028440 | 0.038000 | 0.052640 | 0.062200 | 0.076840 | 0.086400 |
| Camarilla | 0.040905 | 0.043123 | 0.045342 | 0.047560 | 0.049778 | 0.051997 | 0.054215 |
| Woodie | 0.011260 | 0.027170 | 0.035460 | 0.051370 | 0.059660 | 0.075570 | 0.083860 |
| Fibonacci | 0.028440 | 0.037684 | 0.043396 | 0.052640 | 0.061884 | 0.067596 | 0.076840 |
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): | 47.48 | |
| MACD (12,26,9): | 0.0023 | |
| Directional Movement: | 29.210550 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.063930 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.138407 | |
| Elder Ray (13): | -0.001836 | |
| Super Trend (3,10): | 0.108488 | |
| Zig ZAG (10): | 0.054860 | |
| VORTEX (21): | 1.0166 | |
| Stochastique (14,3,5): | 11.23 | |
| TEMA (21): | 0.063738 | |
| Williams %R (14): | -90.59 | |
| Chande Momentum Oscillator (20): | 0.004740 | |
| Repulse (5,40,3): | -27.2630 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 1.1812 | |
| Courbe Coppock: | 64.67 |
| MA7: | 0.061807 | |
| MA20: | 0.059883 | |
| MA50: | 0.053856 | |
| MA100: | 0.049520 | |
| MAexp7: | 0.059984 | |
| MAexp20: | 0.060245 | |
| MAexp50: | 0.055826 | |
| MAexp100: | 0.054620 | |
| Price / MA7: | -10.93% | |
| Price / MA20: | -8.07% | |
| Price / MA50: | +2.22% | |
| Price / MA100: | +11.17% | |
| Price / MAexp7: | -8.23% | |
| Price / MAexp20: | -8.62% | |
| Price / MAexp50: | -1.39% | |
| Price / MAexp100: | +0.79% |
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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