CHAINLINK - LINK/USDT - 1H - Technical analysis published on 05/31/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Neutral between 16.93 USDT and 18.48 USDT
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 16.93 USDT. The first resistance is located at 18.48 USDT. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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
CHAINLINK - LINK/USDT rating 18.01 USDT. The price registered an increase of +0.39% on the session with the lowest point at 17.71 USDT and the highest point at 18.07 USDT. The deviation from the price is +1.69% for the low point and -0.33% for the high point.17.71
18.07
18.01
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this CHAINLINK - LINK/USDT chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.18 | 16.93 | 17.97 | 18.01 | 18.48 | 18.97 | 20.46 |
| Change (%) | -10.16% | -6.00% | -0.22% | - | +2.61% | +5.33% | +13.60% |
| Change | -1.83 | -1.08 | -0.04 | - | +0.47 | +0.96 | +2.45 |
| Level | Minor | Major | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.01 | 16.90 | 17.42 | 18.31 | 18.83 | 19.72 | 20.24 |
| Camarilla | 17.55 | 17.68 | 17.81 | 17.94 | 18.07 | 18.20 | 18.33 |
| Woodie | 15.83 | 16.81 | 17.24 | 18.22 | 18.65 | 19.63 | 20.06 |
| Fibonacci | 16.90 | 17.44 | 17.77 | 18.31 | 18.85 | 19.18 | 19.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.04 | 14.78 | 16.11 | 16.85 | 18.18 | 18.92 | 20.25 |
| Camarilla | 16.87 | 17.06 | 17.25 | 17.44 | 17.63 | 17.82 | 18.01 |
| Woodie | 14.34 | 14.93 | 16.41 | 17.00 | 18.48 | 19.07 | 20.55 |
| Fibonacci | 14.78 | 15.57 | 16.06 | 16.85 | 17.64 | 18.13 | 18.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.81 | 8.37 | 10.75 | 14.31 | 16.69 | 20.25 | 22.63 |
| Camarilla | 11.50 | 12.04 | 12.59 | 13.13 | 13.68 | 14.22 | 14.76 |
| Woodie | 4.22 | 8.08 | 10.16 | 14.02 | 16.10 | 19.96 | 22.04 |
| Fibonacci | 8.37 | 10.64 | 12.04 | 14.31 | 16.58 | 17.98 | 20.25 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.72 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -1.33 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 17.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.72 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 18.32 | |
| Zig ZAG (10): | 18.03 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 78.56 | |
| TEMA (21): | 17.86 | |
| Williams %R (14): | -1.23 | |
| Chande Momentum Oscillator (20): | 0.16 | |
| Repulse (5,40,3): | 1.2300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 0.80 |
| MA7: | 18.03 | |
| MA20: | 16.44 | |
| MA50: | 15.04 | |
| MA100: | 17.02 | |
| MAexp7: | 17.95 | |
| MAexp20: | 18.00 | |
| MAexp50: | 18.15 | |
| MAexp100: | 18.09 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | +9.55% | |
| Price / MA50: | +19.75% | |
| Price / MA100: | +5.82% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | -0.77% | |
| Price / MAexp100: | -0.44% |
Quotes :
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Real time data
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