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CHAINLINK - LINK/USDT
CHAINLINK - LINK/USDT
- USDT (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: LINKUSDT
ISIN:

CHAINLINK - LINK/USDT - 1H - Technical analysis published on 12/11/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 23.15 USDT
My targets
25.21 USDT (+4.87%)
25.87 USDT (+7.61%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CHAINLINK - LINK/USDT as long as the price remains well above 23.15 USDT. The buyers' bullish objective is set at 25.21 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 25.87 USDT. If there is any crossing, the next objective would be the resistance located at 27.38 USDT.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.6

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.

adhemar
This analysis was given by adhemar. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CHAINLINK - LINK/USDT price is 24.04 USDT. The price registered an increase of +8.29% on the session and was between 21.21 USDT and 24.18 USDT. This implies that the price is at +13.34% from its lowest and at -0.58% from its highest.

21.21
24.18
24.04

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

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 not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 20.42 21.68 23.15 24.04 25.21 25.87 27.38
Change (%) -15.06% -9.82% -3.70% - +4.87% +7.61% +13.89%
Change -3.62 -2.36 -0.89 - +1.17 +1.83 +3.34
Level Intermediate Major Intermediate - Major Minor Major



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
Standard17.2318.8220.5122.1023.7925.3827.07
Camarilla21.3021.6021.9022.2022.5022.8023.10
Woodie17.2818.8520.5622.1323.8425.4127.12
Fibonacci18.8220.0720.8522.1023.3524.1325.38


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.5414.9919.8923.3428.2431.6936.59
Camarilla22.4823.2524.0224.7825.5526.3127.08
Woodie12.2615.3520.6123.7028.9632.0537.31
Fibonacci14.9918.1820.1523.3426.5328.5031.69


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.556.8112.9116.1722.2725.5331.63
Camarilla16.4317.2818.1419.0019.8620.7221.57
Woodie4.967.5214.3216.8823.6826.2433.04
Fibonacci6.8110.3912.6016.1719.7521.9625.53

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): 64.85
MACD (12,26,9): 0.2700
Directional Movement: 12.01
AROON (14): 78.57
DEMA (21): 23.01
Parabolic SAR (0,02-0,02-0,2): 22.48
Elder Ray (13): 0.83
Super Trend (3,10): 22.45
Zig ZAG (10): 23.85
VORTEX (21): 1.3700
Stochastique (14,3,5): 93.82
TEMA (21): 23.56
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 1.60
Repulse (5,40,3): 3.8100
ROCnROLL: 1
TRIX (15,9): 0.0400
Courbe Coppock: 12.33
MA7: 24.07
MA20: 21.04
MA50: 16.02
MA100: 13.58
MAexp7: 23.35
MAexp20: 22.77
MAexp50: 22.96
MAexp100: 23.43
Price / MA7: -0.12%
Price / MA20: +14.26%
Price / MA50: +50.06%
Price / MA100: +77.03%
Price / MAexp7: +2.96%
Price / MAexp20: +5.58%
Price / MAexp50: +4.70%
Price / MAexp100: +2.60%

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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