CHAINLINK - LINK/USD - 1H - Technical analysis published on 12/17/2023 (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:
Neutral
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 14.88 USD
My targets
13.75 USD (-3.85%)
12.30 USD (-14.01%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHAINLINK - LINK/USD. As long as you are under the resistance located at 14.88 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 13.75 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 12.30 USD as an objective. Crossing it would then enable sellers to target 10.96 USD. If the resistance 14.88 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.9
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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 CHAINLINK - LINK/USD rating is 14.30 USD. The price is lower by -0.07% since the last closing with the lowest point at 14.00 USD and the highest point at 14.40 USD. The deviation from the price is +2.14% for the low point and -0.69% for the high point.14.00
14.40
14.30
Here is a more detailed summary of the historical variations registered by CHAINLINK - LINK/USD:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this CHAINLINK - LINK/USD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, 13 technical indicators on 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 : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.96 | 13.75 | 14.28 | 14.30 | 15.16 | 15.58 | 16.46 |
| Change (%) | -23.36% | -3.85% | -0.14% | - | +6.01% | +8.95% | +15.10% |
| Change | -3.34 | -0.55 | -0.02 | - | +0.86 | +1.28 | +2.16 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.32 | 13.70 | 14.01 | 14.39 | 14.70 | 15.08 | 15.39 |
| Camarilla | 14.12 | 14.18 | 14.25 | 14.31 | 14.37 | 14.44 | 14.50 |
| Woodie | 13.28 | 13.68 | 13.97 | 14.37 | 14.66 | 15.06 | 15.35 |
| Fibonacci | 13.70 | 13.97 | 14.13 | 14.39 | 14.66 | 14.82 | 15.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.72 | 12.30 | 13.30 | 14.88 | 15.88 | 17.46 | 18.46 |
| Camarilla | 13.60 | 13.84 | 14.07 | 14.31 | 14.55 | 14.78 | 15.02 |
| Woodie | 10.44 | 12.16 | 13.02 | 14.74 | 15.60 | 17.32 | 18.18 |
| Fibonacci | 12.30 | 13.28 | 13.89 | 14.88 | 15.86 | 16.47 | 17.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.99 | 7.76 | 11.08 | 13.85 | 17.17 | 19.94 | 23.26 |
| Camarilla | 12.74 | 13.29 | 13.85 | 14.41 | 14.97 | 15.53 | 16.09 |
| Woodie | 5.28 | 7.90 | 11.37 | 13.99 | 17.46 | 20.08 | 23.55 |
| Fibonacci | 7.76 | 10.08 | 11.52 | 13.85 | 16.17 | 17.61 | 19.94 |
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): | 49.25 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -3.80 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 14.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.07 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 14.48 | |
| Zig ZAG (10): | 14.25 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 72.22 | |
| TEMA (21): | 14.22 | |
| Williams %R (14): | -30.56 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | 0.1900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 0.86 |
| MA7: | 14.61 | |
| MA20: | 15.22 | |
| MA50: | 14.28 | |
| MA100: | 10.97 | |
| MAexp7: | 14.24 | |
| MAexp20: | 14.24 | |
| MAexp50: | 14.38 | |
| MAexp100: | 14.57 | |
| Price / MA7: | -2.12% | |
| Price / MA20: | -6.04% | |
| Price / MA50: | +0.14% | |
| Price / MA100: | +30.36% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | -0.56% | |
| Price / MAexp100: | -1.85% |
Quotes :
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Real time data
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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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