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 12/08/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 25.42 USDT

My targets

26.77 USDT (+2.45%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHAINLINK - LINK/USDT as long as the price remains well above 25.42 USDT. The buyers' bullish objective is set at 26.77 USDT. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.7

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 price is 26.13 USDT. The price has increased by +5.45% since the last closing and was between 24.70 USDT and 27.39 USDT. This implies that the price is at +5.79% from its lowest and at -4.60% from its highest.

24.70

27.39

26.13

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of CHAINLINK - LINK/USDT indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	22.67	24.28	25.42	26.13	26.77
Change (%)	-13.24%	-7.08%	-2.72%	-	+2.45%
Change	-3.46	-1.85	-0.71	-	+0.64
Level	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	21.52	22.98	23.88	25.34	26.24	27.70	28.60
Camarilla	24.13	24.35	24.56	24.78	25.00	25.21	25.43
Woodie	21.24	22.84	23.60	25.20	25.96	27.56	28.32
Fibonacci	22.98	23.88	24.44	25.34	26.24	26.80	27.70

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.54	14.99	19.89	23.34	28.24	31.69	36.59
Camarilla	22.48	23.25	24.02	24.78	25.55	26.31	27.08
Woodie	12.26	15.35	20.61	23.70	28.96	32.05	37.31
Fibonacci	14.99	18.18	20.15	23.34	26.53	28.50	31.69

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.55	6.81	12.91	16.17	22.27	25.53	31.63
Camarilla	16.43	17.28	18.14	19.00	19.86	20.72	21.57
Woodie	4.96	7.52	14.32	16.88	23.68	26.24	33.04
Fibonacci	6.81	10.39	12.60	16.17	19.75	21.96	25.53

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	70.29
MACD (12,26,9):	0.2800
Directional Movement:	13.53
AROON (14):	0
DEMA (21):	24.55
Parabolic SAR (0,02-0,02-0,2):	26.73
Elder Ray (13):	0.29
Super Trend (3,10):	23.72
Zig ZAG (10):	26.30
VORTEX (21):	1.1200
Stochastique (14,3,5):	89.54
TEMA (21):	26.29
Williams %R (14):	-2.16
Chande Momentum Oscillator (20):	0.37
Repulse (5,40,3):	4.0000
ROCnROLL:	1
TRIX (15,9):	0.1700
Courbe Coppock:	5.65

MA7:	24.79
MA20:	19.83
MA50:	14.80
MA100:	13.22
MAexp7:	26.10
MAexp20:	25.84
MAexp50:	25.37
MAexp100:	23.48
Price / MA7:	+5.41%
Price / MA20:	+31.77%
Price / MA50:	+76.55%
Price / MA100:	+97.66%
Price / MAexp7:	+0.11%
Price / MAexp20:	+1.12%
Price / MAexp50:	+3.00%
Price / MAexp100:	+11.29%

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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