CHAINLINK - LINK/USDT - 1H - Technical analysis published on 12/24/2024 (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%
11%
11%
My opinion
Bullish above 24.31 USDT
My targets
26.09 USDT (+4.49%)
27.88 USDT (+11.65%)
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 24.31 USDT. The buyers' bullish objective is set at 26.09 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 27.88 USDT. If there is any crossing, the next objective would be the resistance located at 29.48 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.2
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This analysis was given by adhemar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHAINLINK - LINK/USDT rating 24.97 USDT. The price has increased by +2.00% since the last closing and was between 23.62 USDT and 25.04 USDT. This implies that the price is at +5.72% from its lowest and at -0.28% from its highest.23.62
25.04
24.97
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHAINLINK - LINK/USDT in 1H shows a strongly overall bullish trend. 92.86% 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 probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.71 | 23.65 | 24.90 | 24.97 | 26.09 | 27.88 | 29.48 |
| Change (%) | -9.05% | -5.29% | -0.28% | - | +4.49% | +11.65% | +18.06% |
| Change | -2.26 | -1.32 | -0.07 | - | +1.12 | +2.91 | +4.51 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | Major |
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 | 19.08 | 20.33 | 22.41 | 23.66 | 25.74 | 26.99 | 29.07 |
| Camarilla | 23.56 | 23.87 | 24.18 | 24.48 | 24.79 | 25.09 | 25.40 |
| Woodie | 19.49 | 20.54 | 22.82 | 23.87 | 26.15 | 27.20 | 29.48 |
| Fibonacci | 20.33 | 21.61 | 22.39 | 23.66 | 24.94 | 25.72 | 26.99 |
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 | 3.73 | 6.96 | 12.98 | 16.21 | 22.23 | 25.46 | 31.48 |
| Camarilla | 16.46 | 17.30 | 18.15 | 19.00 | 19.85 | 20.70 | 21.54 |
| Woodie | 5.13 | 7.66 | 14.38 | 16.91 | 23.63 | 26.16 | 32.88 |
| Fibonacci | 6.96 | 10.49 | 12.68 | 16.21 | 19.74 | 21.93 | 25.46 |
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): | 64.01 | |
| MACD (12,26,9): | 0.3900 | |
| Directional Movement: | 18.83 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 24.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.84 | |
| Elder Ray (13): | 0.42 | |
| Super Trend (3,10): | 23.89 | |
| Zig ZAG (10): | 24.87 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 89.36 | |
| TEMA (21): | 24.87 | |
| Williams %R (14): | -13.93 | |
| Chande Momentum Oscillator (20): | 0.93 | |
| Repulse (5,40,3): | 0.6200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2200 | |
| Courbe Coppock: | 4.35 |
| MA7: | 23.53 | |
| MA20: | 25.33 | |
| MA50: | 19.86 | |
| MA100: | 15.60 | |
| MAexp7: | 24.66 | |
| MAexp20: | 24.29 | |
| MAexp50: | 23.70 | |
| MAexp100: | 23.66 | |
| Price / MA7: | +6.12% | |
| Price / MA20: | -1.42% | |
| Price / MA50: | +25.73% | |
| Price / MA100: | +60.06% | |
| Price / MAexp7: | +1.26% | |
| Price / MAexp20: | +2.80% | |
| Price / MAexp50: | +5.36% | |
| Price / MAexp100: | +5.54% |
Quotes :
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Real time data
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