CHAINLINK - LINK/USDT - 1H - Technical analysis published on 12/12/2024 (GMT)
- 86
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 27.38 USDT
My targets
28.24 USDT (+1.10%)
31.63 USDT (+13.24%)
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 27.38 USDT. The buyers' bullish objective is set at 28.24 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 31.63 USDT. If there is any crossing, the next objective would be the resistance located at 31.69 USDT. 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
0
10
7
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 rating is 27.93 USDT. The price registered an increase of +16.13% on the session with the lowest point at 23.95 USDT and the highest point at 29.36 USDT. The deviation from the price is +16.62% for the low point and -4.87% for the high point.23.95
29.36
27.93
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHAINLINK - LINK/USDT:
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 notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CHAINLINK - LINK/USDT in 1H shows a strongly overall bullish trend. 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 scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 25.21 | 25.87 | 27.38 | 27.93 |
| Change (%) | -9.74% | -7.38% | -1.97% | - |
| Change | -2.72 | -2.06 | -0.55 | - |
| Level | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 19.01 | 20.11 | 22.08 | 23.18 | 25.15 | 26.25 | 28.22 |
| Camarilla | 23.21 | 23.49 | 23.77 | 24.05 | 24.33 | 24.61 | 24.89 |
| Woodie | 19.45 | 20.33 | 22.52 | 23.40 | 25.59 | 26.47 | 28.66 |
| Fibonacci | 20.11 | 21.28 | 22.01 | 23.18 | 24.35 | 25.08 | 26.25 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 76.00 | |
| MACD (12,26,9): | 1.4400 | |
| Directional Movement: | 33.80 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 28.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.33 | |
| Elder Ray (13): | 0.82 | |
| Super Trend (3,10): | 27.02 | |
| Zig ZAG (10): | 28.11 | |
| VORTEX (21): | 1.4100 | |
| Stochastique (14,3,5): | 77.76 | |
| TEMA (21): | 29.06 | |
| Williams %R (14): | -25.46 | |
| Chande Momentum Oscillator (20): | 3.93 | |
| Repulse (5,40,3): | -1.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7700 | |
| Courbe Coppock: | 37.14 |
| MA7: | 24.75 | |
| MA20: | 21.63 | |
| MA50: | 16.36 | |
| MA100: | 13.76 | |
| MAexp7: | 27.95 | |
| MAexp20: | 26.44 | |
| MAexp50: | 24.86 | |
| MAexp100: | 24.37 | |
| Price / MA7: | +12.85% | |
| Price / MA20: | +29.13% | |
| Price / MA50: | +70.72% | |
| Price / MA100: | +102.98% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | +5.64% | |
| Price / MAexp50: | +12.35% | |
| Price / MAexp100: | +14.61% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CHAINLINK - LINK/USDT - 1H