CHAINLINK - LINK/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	LINKUSDT
ISIN:

CHAINLINK - LINK/USDT - Weekly - Technical analysis published on 10/05/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 12.31 USDT

My targets

9.42 USDT (-15.36%)

5.25 USDT (-52.83%)

My analysis

The strong short-term decline of CHAINLINK - LINK/USDT reinforces the current slightly bearish trend. As long as the price remains below 12.31 USDT, you could take advantage of this bearish acceleration. The first bearish objective is located at 9.42 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.25 USDT as an objective. A return to above 12.31 USDT would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

3.6

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 Jaber300. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CHAINLINK - LINK/USDT rating 11.13 USDT. The price is lower by -10.70% over the 5 days with the lowest point at 10.34 USDT and the highest point at 12.26 USDT. The deviation from the price is +7.60% for the low point and -9.18% for the high point.

10.34

12.26

11.13

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Weekly of this CHAINLINK - LINK/USDT chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of triangle is broken

Type : Bullish

Timeframe : Weekly

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	5.25	9.42	11.13	12.31	14.81	18.79
Change (%)	-52.83%	-15.36%	-	+10.60%	+33.06%	+68.82%
Change	-5.88	-1.71	-	+1.18	+3.68	+7.66
Level	Minor	Major	-	Major	Intermediate	Intermediate

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	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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	44.39
MACD (12,26,9):	-1.0500
Directional Movement:	-4.77
AROON (14):	-21.43
DEMA (21):	11.22
Parabolic SAR (0,02-0,02-0,2):	13.49
Elder Ray (13):	-0.25
Super Trend (3,10):	17.23
Zig ZAG (10):	11.06
VORTEX (21):	0.9400
Stochastique (14,3,5):	51.72
TEMA (21):	10.18
Williams %R (14):	-57.26
Chande Momentum Oscillator (20):	-2.38
Repulse (5,40,3):	-5.0700
ROCnROLL:	2
TRIX (15,9):	-1.0800
Courbe Coppock:	47.04

MA7:	11.26
MA20:	11.50
MA50:	11.09
MA100:	11.82
MAexp7:	11.46
MAexp20:	12.52
MAexp50:	13.03
MAexp100:	12.45
Price / MA7:	-1.15%
Price / MA20:	-3.22%
Price / MA50:	+0.36%
Price / MA100:	-5.84%
Price / MAexp7:	-2.88%
Price / MAexp20:	-11.10%
Price / MAexp50:	-14.58%
Price / MAexp100:	-10.60%

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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