CHAINLINK - LINK/USDT - 1H - Technical analysis published on 08/03/2024 (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 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
0
10
7.3
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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 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
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
S2
S1
R1
R2
R3
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
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