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%

44%

39%

My opinion

Bearish under 21.68 USDT

My targets

21.39 USDT (-0.28%)

20.09 USDT (-6.34%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHAINLINK - LINK/USDT as long as the price remains well below 21.68 USDT. The sellers' bearish objective is set at 21.39 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 20.09 USDT. In case of crossing, the next objective would be the support located at 14.83 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

6.6

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 rating is 21.45 USDT. The price registered a decrease of -2.54% on the session and was between 21.33 USDT and 22.01 USDT. This implies that the price is at +0.56% from its lowest and at -2.54% from its highest.

21.33

22.01

21.45

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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. 89.29% 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 does not detect any result on moving averages that would impact this trend.

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
But beware of excesses. The Central Indicators scanner currently detects this:

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

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

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	21.45	21.68	22.51	23.65
Change (%)	-39.58%	-30.86%	-6.34%	-	+1.07%	+4.94%	+10.26%
Change	-8.49	-6.62	-1.36	-	+0.23	+1.06	+2.20
Level	Intermediate	Minor	Minor	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

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):	41.82
MACD (12,26,9):	-0.0900
Directional Movement:	-7.90
AROON (14):	-42.86
DEMA (21):	21.54
Parabolic SAR (0,02-0,02-0,2):	21.78
Elder Ray (13):	-0.17
Super Trend (3,10):	21.91
Zig ZAG (10):	21.43
VORTEX (21):	0.8900
Stochastique (14,3,5):	22.24
TEMA (21):	21.56
Williams %R (14):	-86.44
Chande Momentum Oscillator (20):	-0.39
Repulse (5,40,3):	-0.6800
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	3.12

MA7:	23.15
MA20:	24.85
MA50:	20.85
MA100:	16.18
MAexp7:	21.53
MAexp20:	21.65
MAexp50:	21.90
MAexp100:	22.37
Price / MA7:	-7.34%
Price / MA20:	-13.68%
Price / MA50:	+2.88%
Price / MA100:	+32.57%
Price / MAexp7:	-0.37%
Price / MAexp20:	-0.92%
Price / MAexp50:	-2.05%
Price / MAexp100:	-4.11%

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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