CHAINLINK - LINK/USDT - 1H - Technical analysis published on 06/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 17.97 USDT
My targets
18.97 USDT (+2.37%)
20.46 USDT (+10.42%)
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 17.97 USDT. The buyers' bullish objective is set at 18.97 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 20.46 USDT. If there is any crossing, the next objective would be the resistance located at 21.65 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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Additional analysis
Quotes
The CHAINLINK - LINK/USDT rating is 18.53 USDT. On the day, this instrument gained +0.65% and was between 18.27 USDT and 18.65 USDT. This implies that the price is at +1.42% from its lowest and at -0.64% from its highest.18.27
18.65
18.53
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHAINLINK - LINK/USDT in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 16.93 | 17.47 | 17.97 | 18.53 | 18.97 | 20.46 | 21.65 |
| Change (%) | -8.63% | -5.72% | -3.02% | - | +2.37% | +10.42% | +16.84% |
| Change | -1.60 | -1.06 | -0.56 | - | +0.44 | +1.93 | +3.12 |
| Level | Major | Intermediate | Major | - | Major | Minor | Major |
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 | 16.39 | 16.92 | 17.67 | 18.20 | 18.95 | 19.48 | 20.23 |
| Camarilla | 18.06 | 18.18 | 18.29 | 18.41 | 18.53 | 18.65 | 18.76 |
| Woodie | 16.49 | 16.98 | 17.77 | 18.26 | 19.05 | 19.54 | 20.33 |
| Fibonacci | 16.92 | 17.41 | 17.71 | 18.20 | 18.69 | 18.99 | 19.48 |
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 | 7.38 | 9.90 | 14.16 | 16.68 | 20.94 | 23.46 | 27.72 |
| Camarilla | 16.55 | 17.17 | 17.79 | 18.41 | 19.03 | 19.65 | 20.28 |
| Woodie | 8.24 | 10.34 | 15.02 | 17.12 | 21.80 | 23.90 | 28.58 |
| Fibonacci | 9.90 | 12.49 | 14.09 | 16.68 | 19.27 | 20.87 | 23.46 |
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): | 60.21 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 18.40 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 18.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.08 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 18.13 | |
| Zig ZAG (10): | 18.55 | |
| VORTEX (21): | 1.2900 | |
| Stochastique (14,3,5): | 70.85 | |
| TEMA (21): | 18.61 | |
| Williams %R (14): | -29.82 | |
| Chande Momentum Oscillator (20): | 0.20 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 2.82 |
| MA7: | 18.24 | |
| MA20: | 16.71 | |
| MA50: | 15.12 | |
| MA100: | 17.03 | |
| MAexp7: | 18.50 | |
| MAexp20: | 18.38 | |
| MAexp50: | 18.27 | |
| MAexp100: | 18.17 | |
| Price / MA7: | +1.59% | |
| Price / MA20: | +10.89% | |
| Price / MA50: | +22.55% | |
| Price / MA100: | +8.81% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.82% | |
| Price / MAexp50: | +1.42% | |
| Price / MAexp100: | +1.98% |
Quotes :
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Real time data
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Cryptocompare
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