CHAINLINK - LINK/USDT - Daily - Technical analysis published on 08/27/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
11%
39%
50%
My opinion
Bullish above 13.82 USDT
My targets
16.28 USDT (+12.82%)
19.21 USDT (+33.13%)
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 13.82 USDT remains possible. It is advisable to trade CHAINLINK - LINK/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 13.82 USDT. The next bullish objective for buyers is set at 16.28 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 19.21 USDT. PS: if there is a bearish break in the support located at 13.82 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.
Technical indicators are opposing the general bullish 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
3
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This analysis was given by tq100. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHAINLINK - LINK/USDT rating 14.43 USDT. The price is lower by -5.07% since the last closing and was traded between 14.00 USDT and 15.49 USDT over the period. The price is currently at +3.07% from its lowest and -6.84% from its highest.14.00
15.49
14.43
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 CHAINLINK - LINK/USDT:
Technical
Technical analysis of this Daily chart of CHAINLINK - LINK/USDT indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 4.71 | 7.11 | 13.82 | 14.43 | 19.21 |
| Change (%) | -67.36% | -50.73% | -4.23% | - | +33.13% |
| Change | -9.72 | -7.32 | -0.61 | - | +4.78 |
| Level | Major | Intermediate | Major | - | Intermediate |
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 | 12.76 | 13.42 | 14.31 | 14.97 | 15.86 | 16.52 | 17.41 |
| Camarilla | 14.77 | 14.92 | 15.06 | 15.20 | 15.34 | 15.48 | 15.63 |
| Woodie | 12.88 | 13.48 | 14.43 | 15.03 | 15.98 | 16.58 | 17.53 |
| Fibonacci | 13.42 | 14.01 | 14.38 | 14.97 | 15.56 | 15.93 | 16.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.45 | 9.21 | 12.52 | 16.28 | 19.59 | 23.35 | 26.66 |
| Camarilla | 13.89 | 14.53 | 15.18 | 15.83 | 16.48 | 17.13 | 17.77 |
| Woodie | 5.23 | 9.10 | 12.30 | 16.17 | 19.37 | 23.24 | 26.44 |
| Fibonacci | 9.21 | 11.91 | 13.58 | 16.28 | 18.98 | 20.65 | 23.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.93 | 2.73 | 5.26 | 7.06 | 9.60 | 11.40 | 13.93 |
| Camarilla | 6.61 | 7.00 | 7.40 | 7.80 | 8.20 | 8.59 | 8.99 |
| Woodie | 1.30 | 2.91 | 5.63 | 7.25 | 9.97 | 11.58 | 14.30 |
| Fibonacci | 2.73 | 4.38 | 5.41 | 7.06 | 8.72 | 9.74 | 11.40 |
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): | 53.26 | |
| MACD (12,26,9): | 1.1700 | |
| Directional Movement: | -1.61 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 16.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.50 | |
| Elder Ray (13): | -0.27 | |
| Super Trend (3,10): | 20.15 | |
| Zig ZAG (10): | 14.45 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 24.69 | |
| TEMA (21): | 15.90 | |
| Williams %R (14): | -77.79 | |
| Chande Momentum Oscillator (20): | -4.67 | |
| Repulse (5,40,3): | -4.6500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 2.1800 | |
| Courbe Coppock: | 4.26 |
| MA7: | 14.82 | |
| MA20: | 15.53 | |
| MA50: | 10.92 | |
| MA100: | 7.63 | |
| MAexp7: | 14.99 | |
| MAexp20: | 14.48 | |
| MAexp50: | 11.69 | |
| MAexp100: | 9.01 | |
| Price / MA7: | -2.63% | |
| Price / MA20: | -7.08% | |
| Price / MA50: | +32.14% | |
| Price / MA100: | +89.12% | |
| Price / MAexp7: | -3.74% | |
| Price / MAexp20: | -0.35% | |
| Price / MAexp50: | +23.44% | |
| Price / MAexp100: | +60.16% |
Quotes :
2020-08-27 19:44:46
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Real time data
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