CHAINLINK - LINK/USDT - 15 min. - Technical analysis published on 12/20/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
61%
33%
My opinion
Bearish under 22.73 USDT
My targets
19.82 USDT (-6.48%)
17.74 USDT (-16.27%)
My analysis
The bearish trend is currently very strong for CHAINLINK - LINK/USDT. As long as the price remains below the resistance at 22.73 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 19.82 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 17.74 USDT as an objective. Crossing it would then enable sellers to target 14.83 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating 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
0
10
7.9
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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 21.19 USDT. The price registered a decrease of -7.75% on the session with the lowest point at 21.19 USDT and the highest point at 23.66 USDT. The deviation from the price is 0% for the low point and -10.44% for the high point.21.19
23.66
21.19
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this CHAINLINK - LINK/USDT chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 15 minutes
Downside gap
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.43 | 12.96 | 14.83 | 21.19 | 21.68 | 23.66 | 26.09 |
| Change (%) | -55.50% | -38.84% | -30.01% | - | +2.31% | +11.66% | +23.12% |
| Change | -11.76 | -8.23 | -6.36 | - | +0.49 | +2.47 | +4.90 |
| Level | Major | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 17.74 | 19.82 | 21.39 | 23.47 | 25.04 | 27.12 | 28.69 |
| Camarilla | 21.97 | 22.30 | 22.64 | 22.97 | 23.31 | 23.64 | 23.97 |
| Woodie | 17.50 | 19.69 | 21.15 | 23.34 | 24.80 | 26.99 | 28.45 |
| Fibonacci | 19.82 | 21.21 | 22.07 | 23.47 | 24.86 | 25.72 | 27.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.38 | 16.40 | 22.73 | 26.75 | 33.08 | 37.10 | 43.43 |
| Camarilla | 26.22 | 27.17 | 28.12 | 29.07 | 30.02 | 30.97 | 31.92 |
| Woodie | 13.55 | 16.98 | 23.90 | 27.33 | 34.25 | 37.68 | 44.60 |
| Fibonacci | 16.40 | 20.35 | 22.79 | 26.75 | 30.70 | 33.14 | 37.10 |
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): | 30.45 | |
| MACD (12,26,9): | -0.4400 | |
| Directional Movement: | -29.14 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 21.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.43 | |
| Elder Ray (13): | -0.47 | |
| Super Trend (3,10): | 22.04 | |
| Zig ZAG (10): | 21.36 | |
| VORTEX (21): | 0.6700 | |
| Stochastique (14,3,5): | 8.09 | |
| TEMA (21): | 21.31 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -1.54 | |
| Repulse (5,40,3): | -1.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 11.27 |
| MA7: | 26.32 | |
| MA20: | 25.16 | |
| MA50: | 18.82 | |
| MA100: | 15.09 | |
| MAexp7: | 21.56 | |
| MAexp20: | 22.11 | |
| MAexp50: | 22.67 | |
| MAexp100: | 23.33 | |
| Price / MA7: | -19.49% | |
| Price / MA20: | -15.78% | |
| Price / MA50: | +12.59% | |
| Price / MA100: | +40.42% | |
| Price / MAexp7: | -1.72% | |
| Price / MAexp20: | -4.16% | |
| Price / MAexp50: | -6.53% | |
| Price / MAexp100: | -9.17% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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