CHAINLINK - LINK/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	LINKUSDT
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CHAINLINK - LINK/USDT - 1H - Technical analysis published on 05/03/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 13.48 USDT

My targets

14.37 USDT (+3.01%)

14.92 USDT (+6.95%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHAINLINK - LINK/USDT as long as the price remains well above 13.48 USDT. The buyers' bullish objective is set at 14.37 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 14.92 USDT. If there is any crossing, the next objective would be the resistance located at 16.89 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by adhemar. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CHAINLINK - LINK/USDT rating is 13.95 USDT. The price registered an increase of +2.65% on the session with the lowest point at 13.46 USDT and the highest point at 13.99 USDT. The deviation from the price is +3.64% for the low point and -0.29% for the high point.

13.46

13.99

13.95

Here is a more detailed summary of the historical variations registered by CHAINLINK - LINK/USDT:

Technical

Technical analysis of this 1H chart of CHAINLINK - LINK/USDT indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.15	13.48	13.87	13.95	14.37	14.92	16.89
Change (%)	-5.73%	-3.37%	-0.57%	-	+3.01%	+6.95%	+21.08%
Change	-0.80	-0.47	-0.08	-	+0.42	+0.97	+2.94
Level	Major	Major	Minor	-	Intermediate	Intermediate	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	12.25	12.59	13.09	13.43	13.93	14.27	14.77
Camarilla	13.36	13.44	13.51	13.59	13.67	13.74	13.82
Woodie	12.33	12.63	13.17	13.47	14.01	14.31	14.85
Fibonacci	12.59	12.91	13.11	13.43	13.75	13.95	14.27

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.24	12.56	13.41	14.73	15.58	16.90	17.75
Camarilla	13.67	13.87	14.07	14.27	14.47	14.67	14.87
Woodie	11.02	12.44	13.19	14.61	15.36	16.78	17.53
Fibonacci	12.56	13.39	13.90	14.73	15.56	16.07	16.90

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.94	7.44	10.28	14.78	17.62	22.12	24.96
Camarilla	11.11	11.78	12.46	13.13	13.80	14.48	15.15
Woodie	2.12	7.03	9.46	14.37	16.80	21.71	24.14
Fibonacci	7.44	10.24	11.97	14.78	17.58	19.31	22.12

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):	64.75
MACD (12,26,9):	0.1200
Directional Movement:	13.90
AROON (14):	42.86
DEMA (21):	13.87
Parabolic SAR (0,02-0,02-0,2):	13.60
Elder Ray (13):	0.13
Super Trend (3,10):	13.50
Zig ZAG (10):	13.94
VORTEX (21):	1.1200
Stochastique (14,3,5):	87.51
TEMA (21):	13.90
Williams %R (14):	-11.14
Chande Momentum Oscillator (20):	0.32
Repulse (5,40,3):	0.5800
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	3.26

MA7:	13.74
MA20:	14.13
MA50:	16.48
MA100:	17.64
MAexp7:	13.86
MAexp20:	13.73
MAexp50:	13.57
MAexp100:	13.59
Price / MA7:	+1.53%
Price / MA20:	-1.27%
Price / MA50:	-15.35%
Price / MA100:	-20.92%
Price / MAexp7:	+0.65%
Price / MAexp20:	+1.60%
Price / MAexp50:	+2.80%
Price / MAexp100:	+2.65%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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