CHAINLINK - LINK/USDT - 1H - Technical analysis published on 12/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 23.64 USDT
My targets
25.53 USDT (+3.83%)
26.09 USDT (+6.10%)
My analysis
CHAINLINK - LINK/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 23.64 USDT. The next resistance located at 25.53 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 26.09 USDT. After this resistance, buyers could then target 26.90 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.3
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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 price is 24.59 USDT. The price registered an increase of +11.42% on the session with the lowest point at 21.59 USDT and the highest point at 24.92 USDT. The deviation from the price is +13.90% for the low point and -1.32% for the high point.21.59
24.92
24.59
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHAINLINK - LINK/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish 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.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.68 | 22.78 | 23.64 | 24.59 | 26.09 | 26.90 | 28.06 |
| Change (%) | -11.83% | -7.36% | -3.86% | - | +6.10% | +9.39% | +14.11% |
| Change | -2.91 | -1.81 | -0.95 | - | +1.50 | +2.31 | +3.47 |
| Level | Major | Minor | Minor | - | Minor | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.13 | 20.76 | 21.42 | 22.05 | 22.71 | 23.34 | 24.00 |
| Camarilla | 21.72 | 21.83 | 21.95 | 22.07 | 22.19 | 22.31 | 22.43 |
| Woodie | 20.14 | 20.77 | 21.43 | 22.06 | 22.72 | 23.35 | 24.01 |
| Fibonacci | 20.76 | 21.26 | 21.56 | 22.05 | 22.55 | 22.85 | 23.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.25 | 13.67 | 17.89 | 24.31 | 28.53 | 34.95 | 39.17 |
| Camarilla | 19.18 | 20.16 | 21.14 | 22.11 | 23.09 | 24.06 | 25.04 |
| Woodie | 6.15 | 13.12 | 16.79 | 23.76 | 27.43 | 34.40 | 38.07 |
| Fibonacci | 13.67 | 17.73 | 20.25 | 24.31 | 28.37 | 30.89 | 34.95 |
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): | 69.04 | |
| MACD (12,26,9): | 0.4700 | |
| Directional Movement: | 25.10 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 23.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.41 | |
| Elder Ray (13): | 1.21 | |
| Super Trend (3,10): | 23.16 | |
| Zig ZAG (10): | 24.65 | |
| VORTEX (21): | 1.2700 | |
| Stochastique (14,3,5): | 87.12 | |
| TEMA (21): | 24.13 | |
| Williams %R (14): | -11.55 | |
| Chande Momentum Oscillator (20): | 1.47 | |
| Repulse (5,40,3): | 2.4500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 7.94 |
| MA7: | 23.99 | |
| MA20: | 25.29 | |
| MA50: | 19.57 | |
| MA100: | 15.46 | |
| MAexp7: | 23.95 | |
| MAexp20: | 23.27 | |
| MAexp50: | 22.85 | |
| MAexp100: | 23.32 | |
| Price / MA7: | +2.50% | |
| Price / MA20: | -2.77% | |
| Price / MA50: | +25.65% | |
| Price / MA100: | +59.06% | |
| Price / MAexp7: | +2.67% | |
| Price / MAexp20: | +5.67% | |
| Price / MAexp50: | +7.61% | |
| Price / MAexp100: | +5.45% |
Quotes :
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Real time data
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