CHAINLINK - LINK/USDT - 1H - Technical analysis published on 07/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 12.71 USDT
My targets
13.29 USDT (+2.23%)
14.09 USDT (+8.38%)
My analysis
CHAINLINK - LINK/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 12.71 USDT. The next resistance located at 13.29 USDT is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 14.09 USDT. After this resistance, buyers could then target 14.59 USDT.
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
6.3
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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 13.00 USDT. The price registered an increase of +1.64% on the session and was traded between 12.55 USDT and 13.15 USDT over the period. The price is currently at +3.59% from its lowest and -1.14% from its highest.12.55
13.15
13.00
Here is a more detailed summary of the historical variations registered by CHAINLINK - LINK/USDT:
Technical
A technical analysis in 1H of this CHAINLINK - LINK/USDT chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.79 | 12.19 | 12.71 | 13.00 | 13.01 | 13.29 | 14.09 |
| Change (%) | -9.31% | -6.23% | -2.23% | - | +0.08% | +2.23% | +8.38% |
| Change | -1.21 | -0.81 | -0.29 | - | +0.01 | +0.29 | +1.09 |
| Level | Minor | Minor | Major | - | Major | Major | Minor |
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 | 12.13 | 12.41 | 12.60 | 12.88 | 13.07 | 13.35 | 13.54 |
| Camarilla | 12.66 | 12.70 | 12.75 | 12.79 | 12.83 | 12.88 | 12.92 |
| Woodie | 12.09 | 12.39 | 12.56 | 12.86 | 13.03 | 13.33 | 13.50 |
| Fibonacci | 12.41 | 12.59 | 12.70 | 12.88 | 13.06 | 13.17 | 13.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.64 | 9.37 | 11.28 | 13.01 | 14.92 | 16.65 | 18.56 |
| Camarilla | 12.18 | 12.51 | 12.85 | 13.18 | 13.51 | 13.85 | 14.18 |
| Woodie | 7.72 | 9.42 | 11.36 | 13.06 | 15.00 | 16.70 | 18.64 |
| Fibonacci | 9.37 | 10.76 | 11.62 | 13.01 | 14.40 | 15.26 | 16.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.81 | 9.27 | 11.77 | 15.23 | 17.73 | 21.19 | 23.69 |
| Camarilla | 12.64 | 13.19 | 13.73 | 14.28 | 14.83 | 15.37 | 15.92 |
| Woodie | 5.34 | 9.03 | 11.30 | 14.99 | 17.26 | 20.95 | 23.22 |
| Fibonacci | 9.27 | 11.54 | 12.95 | 15.23 | 17.50 | 18.91 | 21.19 |
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): | 59.56 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 16.08 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 12.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.67 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 13.03 | |
| Zig ZAG (10): | 12.96 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 82.47 | |
| TEMA (21): | 12.90 | |
| Williams %R (14): | -32.99 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 0.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.47 |
| MA7: | 12.80 | |
| MA20: | 13.44 | |
| MA50: | 15.25 | |
| MA100: | 15.13 | |
| MAexp7: | 12.91 | |
| MAexp20: | 12.85 | |
| MAexp50: | 12.86 | |
| MAexp100: | 12.89 | |
| Price / MA7: | +1.56% | |
| Price / MA20: | -3.27% | |
| Price / MA50: | -14.75% | |
| Price / MA100: | -14.08% | |
| Price / MAexp7: | +0.70% | |
| Price / MAexp20: | +1.17% | |
| Price / MAexp50: | +1.09% | |
| Price / MAexp100: | +0.85% |
Quotes :
-
Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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