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 12/13/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

11%

61%

28%

My opinion

Bullish above 27.38 USDT

My targets

28.24 USDT (+1.39%)

29.36 USDT (+5.42%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHAINLINK - LINK/USDT. As long as you are above the support located at 27.38 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 28.24 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 29.36 USDT as an objective. If the support 27.38 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

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

0.9

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

CHAINLINK - LINK/USDT rating 27.85 USDT. The price registered a decrease of -4.33% on the session with the lowest point at 27.65 USDT and the highest point at 30.76 USDT. The deviation from the price is +0.72% for the low point and -9.46% for the high point.

27.65

30.76

27.85

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

A technical analysis in 1H of this CHAINLINK - LINK/USDT chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

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

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	23.15	25.21	27.38	27.85	29.36
Change (%)	-16.88%	-9.48%	-1.69%	-	+5.42%
Change	-4.70	-2.64	-0.47	-	+1.51
Level	Intermediate	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	20.18	22.06	25.59	27.47	31.00	32.88	36.41
Camarilla	27.62	28.12	28.61	29.11	29.61	30.10	30.60
Woodie	21.00	22.47	26.41	27.88	31.82	33.29	37.23
Fibonacci	22.06	24.13	25.41	27.47	29.54	30.82	32.88

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

Technical indicators

Moving averages

RSI (14):	44.98
MACD (12,26,9):	0.0100
Directional Movement:	-7.15
AROON (14):	-71.43
DEMA (21):	28.45
Parabolic SAR (0,02-0,02-0,2):	29.04
Elder Ray (13):	-0.41
Super Trend (3,10):	29.10
Zig ZAG (10):	27.82
VORTEX (21):	0.9700
Stochastique (14,3,5):	11.61
TEMA (21):	27.85
Williams %R (14):	-90.62
Chande Momentum Oscillator (20):	-1.19
Repulse (5,40,3):	-0.7600
ROCnROLL:	-1
TRIX (15,9):	0.1100
Courbe Coppock:	8.76

MA7:	25.20
MA20:	22.21
MA50:	16.71
MA100:	13.95
MAexp7:	28.05
MAexp20:	28.29
MAexp50:	27.47
MAexp100:	26.33
Price / MA7:	+10.52%
Price / MA20:	+25.39%
Price / MA50:	+66.67%
Price / MA100:	+99.64%
Price / MAexp7:	-0.71%
Price / MAexp20:	-1.56%
Price / MAexp50:	+1.38%
Price / MAexp100:	+5.77%

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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