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 12/29/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 22.51 USDT

My targets

21.39 USDT (-0.79%)

20.09 USDT (-6.82%)

My analysis

CHAINLINK - LINK/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 22.51 USDT. The next support located at 21.39 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 20.09 USDT. Below this support, sellers could then target 14.83 USDT. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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

7.3

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 21.56 USDT. The price is lower by -2.05% since the last closing and was between 21.43 USDT and 22.01 USDT. This implies that the price is at +0.61% from its lowest and at -2.04% from its highest.

21.43

22.01

21.56

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

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this CHAINLINK - LINK/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

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 support of channel

Type : Bullish

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.96	14.83	20.09	21.56	21.68	22.51	23.65
Change (%)	-39.89%	-31.22%	-6.82%	-	+0.56%	+4.41%	+9.69%
Change	-8.60	-6.73	-1.47	-	+0.12	+0.95	+2.09
Level	Intermediate	Minor	Minor	-	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	20.08	20.59	21.30	21.81	22.52	23.03	23.74
Camarilla	21.68	21.79	21.90	22.01	22.12	22.23	22.35
Woodie	20.18	20.64	21.40	21.86	22.62	23.08	23.84
Fibonacci	20.59	21.06	21.34	21.81	22.28	22.56	23.03

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.24	18.17	20.09	23.02	24.94	27.87	29.79
Camarilla	20.68	21.12	21.57	22.01	22.46	22.90	23.34
Woodie	14.74	17.92	19.59	22.77	24.44	27.62	29.29
Fibonacci	18.17	20.02	21.17	23.02	24.87	26.02	27.87

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.93	10.32	14.66	17.05	21.39	23.78	28.12
Camarilla	17.15	17.77	18.38	19.00	19.62	20.23	20.85
Woodie	8.91	10.81	15.64	17.54	22.37	24.27	29.10
Fibonacci	10.32	12.89	14.48	17.05	19.62	21.21	23.78

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):	40.80
MACD (12,26,9):	-0.0800
Directional Movement:	-7.83
AROON (14):	-92.86
DEMA (21):	21.58
Parabolic SAR (0,02-0,02-0,2):	21.91
Elder Ray (13):	-0.19
Super Trend (3,10):	21.86
Zig ZAG (10):	21.45
VORTEX (21):	1.0100
Stochastique (14,3,5):	2.38
TEMA (21):	21.62
Williams %R (14):	-96.55
Chande Momentum Oscillator (20):	-0.23
Repulse (5,40,3):	-0.6800
ROCnROLL:	2
TRIX (15,9):	-0.0200
Courbe Coppock:	3.11

MA7:	23.15
MA20:	24.85
MA50:	20.85
MA100:	16.18
MAexp7:	21.57
MAexp20:	21.68
MAexp50:	21.93
MAexp100:	22.40
Price / MA7:	-6.87%
Price / MA20:	-13.24%
Price / MA50:	+3.41%
Price / MA100:	+33.25%
Price / MAexp7:	-0.05%
Price / MAexp20:	-0.55%
Price / MAexp50:	-1.69%
Price / MAexp100:	-3.75%

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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