CHAINLINK - LINK/USDT - 1H - Technical analysis published on 10/05/2024 (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:
Bullish
Underlying:
Slightly bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 10.89 USDT
My targets
11.55 USDT (+4.34%)
11.75 USDT (+6.14%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade CHAINLINK - LINK/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 10.89 USDT. The buyers' bullish objective is set at 11.55 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.75 USDT. If there is any crossing, the next objective would be the resistance located at 12.31 USDT. If there is a bearish break in the support located at 10.89 USDT some indecision would arise.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.7
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This analysis was given by Jaber300. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHAINLINK - LINK/USDT price is 11.07 USDT. On the day, this instrument lost -0.09% and was traded between 10.98 USDT and 11.15 USDT over the period. The price is currently at +0.82% from its lowest and -0.72% from its highest.10.98
11.15
11.07
Here is a more detailed summary of the historical variations registered by CHAINLINK - LINK/USDT:
Technical
Technical analysis of this 1H chart of CHAINLINK - LINK/USDT indicates that the overall trend is slightly bullish. 50.00% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 10.35 | 10.68 | 10.89 | 11.07 | 11.13 | 11.75 | 12.31 |
| Change (%) | -6.50% | -3.52% | -1.63% | - | +0.54% | +6.14% | +11.20% |
| Change | -0.72 | -0.39 | -0.18 | - | +0.06 | +0.68 | +1.24 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.05 | 10.33 | 10.70 | 10.98 | 11.35 | 11.63 | 12.00 |
| Camarilla | 10.90 | 10.96 | 11.02 | 11.08 | 11.14 | 11.20 | 11.26 |
| Woodie | 10.11 | 10.35 | 10.76 | 11.00 | 11.41 | 11.65 | 12.06 |
| Fibonacci | 10.33 | 10.58 | 10.73 | 10.98 | 11.23 | 11.38 | 11.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.45 | 10.15 | 11.55 | 12.25 | 13.65 | 14.35 | 15.75 |
| Camarilla | 12.37 | 12.57 | 12.76 | 12.95 | 13.14 | 13.34 | 13.53 |
| Woodie | 9.80 | 10.33 | 11.90 | 12.43 | 14.00 | 14.53 | 16.10 |
| Fibonacci | 10.15 | 10.95 | 11.45 | 12.25 | 13.05 | 13.55 | 14.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.08 | 7.68 | 9.77 | 11.37 | 13.46 | 15.06 | 17.15 |
| Camarilla | 10.84 | 11.17 | 11.51 | 11.85 | 12.19 | 12.53 | 12.87 |
| Woodie | 6.32 | 7.80 | 10.01 | 11.49 | 13.70 | 15.18 | 17.39 |
| Fibonacci | 7.68 | 9.09 | 9.96 | 11.37 | 12.78 | 13.65 | 15.06 |
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): | 53.81 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 2.69 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 11.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.23 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 10.87 | |
| Zig ZAG (10): | 11.06 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 29.68 | |
| TEMA (21): | 11.13 | |
| Williams %R (14): | -69.39 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 0.14 |
| MA7: | 11.26 | |
| MA20: | 11.50 | |
| MA50: | 11.09 | |
| MA100: | 11.82 | |
| MAexp7: | 11.07 | |
| MAexp20: | 11.04 | |
| MAexp50: | 10.98 | |
| MAexp100: | 11.13 | |
| Price / MA7: | -1.69% | |
| Price / MA20: | -3.74% | |
| Price / MA50: | -0.18% | |
| Price / MA100: | -6.35% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | +0.82% | |
| Price / MAexp100: | -0.54% |
Quotes :
-
Real time data
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