CHAINLINK - LINK/USDT - 1H - Technical analysis published on 06/04/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 17.97 USDT
My targets
17.46 USDT (-1.80%)
17.24 USDT (-3.04%)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 17.97 USDT remains possible. It is advisable to trade CHAINLINK - LINK/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 17.97 USDT. The next bearish objective for sellers is set at 17.46 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 17.24 USDT. In case of crossing, the next objective would be the support located at 16.76 USDT. PS: if there is a bullish break in the resistance located at 17.97 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.4
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Additional analysis
Quotes
The CHAINLINK - LINK/USDT rating is 17.78 USDT. The price has increased by +0.85% since the last closing and was between 17.49 USDT and 17.85 USDT. This implies that the price is at +1.66% from its lowest and at -0.39% from its highest.17.49
17.85
17.78
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of CHAINLINK - LINK/USDT indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase are moderate 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
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 16.76 | 17.24 | 17.46 | 17.78 | 17.97 | 18.35 | 18.97 |
| Change (%) | -5.74% | -3.04% | -1.80% | - | +1.07% | +3.21% | +6.69% |
| Change | -1.02 | -0.54 | -0.32 | - | +0.19 | +0.57 | +1.19 |
| Level | Major | Minor | Major | - | Major | Intermediate | Intermediate |
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 | 16.51 | 17.02 | 17.33 | 17.84 | 18.15 | 18.66 | 18.97 |
| Camarilla | 17.41 | 17.48 | 17.56 | 17.63 | 17.71 | 17.78 | 17.86 |
| Woodie | 16.40 | 16.97 | 17.22 | 17.79 | 18.04 | 18.61 | 18.86 |
| Fibonacci | 17.02 | 17.34 | 17.53 | 17.84 | 18.16 | 18.35 | 18.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.81 | 15.85 | 17.14 | 18.18 | 19.47 | 20.51 | 21.80 |
| Camarilla | 17.80 | 18.01 | 18.23 | 18.44 | 18.65 | 18.87 | 19.08 |
| Woodie | 14.95 | 15.91 | 17.28 | 18.24 | 19.61 | 20.57 | 21.94 |
| Fibonacci | 15.85 | 16.74 | 17.29 | 18.18 | 19.07 | 19.62 | 20.51 |
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): | 53.88 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | 1.79 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 17.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.53 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 17.90 | |
| Zig ZAG (10): | 17.83 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 80.34 | |
| TEMA (21): | 17.71 | |
| Williams %R (14): | -4.89 | |
| Chande Momentum Oscillator (20): | 0.25 | |
| Repulse (5,40,3): | 0.7000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 1.31 |
| MA7: | 18.12 | |
| MA20: | 17.37 | |
| MA50: | 15.37 | |
| MA100: | 17.01 | |
| MAexp7: | 17.74 | |
| MAexp20: | 17.72 | |
| MAexp50: | 17.87 | |
| MAexp100: | 18.00 | |
| Price / MA7: | -1.88% | |
| Price / MA20: | +2.36% | |
| Price / MA50: | +15.68% | |
| Price / MA100: | +4.53% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | -0.50% | |
| Price / MAexp100: | -1.22% |
Quotes :
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Real time data
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