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 12/24/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 24.90 USDT

My targets

26.09 USDT (+1.28%)

27.88 USDT (+8.23%)

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 24.90 USDT. The next resistance located at 26.09 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 27.88 USDT. After this resistance, buyers could then target 29.48 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.

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

8.6

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

The CHAINLINK - LINK/USDT price is 25.76 USDT. The price registered an increase of +5.23% on the session with the lowest point at 23.62 USDT and the highest point at 25.76 USDT. The deviation from the price is +9.06% for the low point and 0% for the high point.

23.62

25.76

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CHAINLINK - LINK/USDT in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.71	23.65	24.90	25.76	26.09	27.88	29.48
Change (%)	-11.84%	-8.19%	-3.34%	-	+1.28%	+8.23%	+14.44%
Change	-3.05	-2.11	-0.86	-	+0.33	+2.12	+3.72
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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	60.95
MACD (12,26,9):	0.4100
Directional Movement:	18.39
AROON (14):	85.72
DEMA (21):	24.92
Parabolic SAR (0,02-0,02-0,2):	23.96
Elder Ray (13):	0.38
Super Trend (3,10):	23.95
Zig ZAG (10):	24.97
VORTEX (21):	1.0400
Stochastique (14,3,5):	84.84
TEMA (21):	25.03
Williams %R (14):	-22.58
Chande Momentum Oscillator (20):	0.79
Repulse (5,40,3):	1.3400
ROCnROLL:	1
TRIX (15,9):	0.2300
Courbe Coppock:	5.83

MA7:	23.58
MA20:	25.32
MA50:	19.86
MA100:	15.60
MAexp7:	24.86
MAexp20:	24.37
MAexp50:	23.76
MAexp100:	23.69
Price / MA7:	+9.25%
Price / MA20:	+1.74%
Price / MA50:	+29.71%
Price / MA100:	+65.13%
Price / MAexp7:	+3.62%
Price / MAexp20:	+5.70%
Price / MAexp50:	+8.42%
Price / MAexp100:	+8.74%

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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