CHAINLINK - LINK/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	LINKUSDT
ISIN:

CHAINLINK - LINK/USDT - 1H - Technical analysis published on 08/03/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

61%

17%

My opinion

Bearish under 12.15 USDT

My targets

11.15 USDT (-5.27%)

9.82 USDT (-16.57%)

My analysis

CHAINLINK - LINK/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 12.15 USDT. The next support located at 11.15 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 9.82 USDT. Below this support, sellers could then target 8.43 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

7.3

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 11.77 USDT. The price registered a decrease of -1.26% on the session and was between 11.61 USDT and 11.96 USDT. This implies that the price is at +1.38% from its lowest and at -1.59% from its highest.

11.61

11.96

11.77

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

Technical analysis of CHAINLINK - LINK/USDT in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	5.25	8.43	11.77	11.78	12.15	12.67
Change (%)	-55.40%	-28.38%	-	+0.08%	+3.23%	+7.65%
Change	-6.52	-3.34	-	+0.01	+0.38	+0.90
Level	Minor	Minor	-	Intermediate	Minor	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	10.31	11.05	11.48	12.22	12.65	13.39	13.82
Camarilla	11.60	11.71	11.81	11.92	12.03	12.14	12.24
Woodie	10.17	10.97	11.34	12.14	12.51	13.31	13.68
Fibonacci	11.05	11.49	11.77	12.22	12.66	12.94	13.39

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.82	11.15	12.35	13.68	14.88	16.21	17.41
Camarilla	12.85	13.09	13.32	13.55	13.78	14.01	14.25
Woodie	9.76	11.12	12.29	13.65	14.82	16.18	17.35
Fibonacci	11.15	12.12	12.71	13.68	14.65	15.24	16.21

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.06	9.08	10.96	12.98	14.86	16.88	18.76
Camarilla	11.76	12.12	12.47	12.83	13.19	13.55	13.90
Woodie	6.98	9.05	10.88	12.95	14.78	16.85	18.68
Fibonacci	9.08	10.57	11.49	12.98	14.47	15.39	16.88

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):	29.28
MACD (12,26,9):	-0.2200
Directional Movement:	-27.71
AROON (14):	-85.72
DEMA (21):	11.82
Parabolic SAR (0,02-0,02-0,2):	12.23
Elder Ray (13):	-0.21
Super Trend (3,10):	12.25
Zig ZAG (10):	11.77
VORTEX (21):	0.7800
Stochastique (14,3,5):	8.61
TEMA (21):	11.74
Williams %R (14):	-97.57
Chande Momentum Oscillator (20):	-0.29
Repulse (5,40,3):	-1.1700
ROCnROLL:	2
TRIX (15,9):	-0.2300
Courbe Coppock:	9.39

MA7:	12.77
MA20:	13.49
MA50:	13.56
MA100:	14.63
MAexp7:	11.87
MAexp20:	12.10
MAexp50:	12.44
MAexp100:	12.75
Price / MA7:	-7.83%
Price / MA20:	-12.75%
Price / MA50:	-13.20%
Price / MA100:	-19.55%
Price / MAexp7:	-0.84%
Price / MAexp20:	-2.73%
Price / MAexp50:	-5.39%
Price / MAexp100:	-7.69%

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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