CHAINLINK - LINK/USDT - 1H - Technical analysis published on 01/01/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
78%
0%
22%
My opinion
Bullish above 20.09 USDT
My targets
21.10 USDT (+2.88%)
21.68 USDT (+5.70%)
My analysis
The current short-term bullish acceleration on CHAINLINK - LINK/USDT should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 20.09 USDT. Short-term buyers will use the resistance located at 21.10 USDT as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 21.68 USDT. Crossing this resistance would then open the door for buyers to target 22.32 USDT. Caution, if there is a return to under 20.09 USDT, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
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
0
10
3.6
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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 20.51 USDT. The price has increased by +2.35% since the last closing and was between 19.75 USDT and 20.69 USDT. This implies that the price is at +3.85% from its lowest and at -0.87% from its highest.19.75
20.69
20.51
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHAINLINK - LINK/USDT indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.96 | 14.83 | 18.79 | 20.51 | 21.10 | 21.68 | 22.32 |
| Change (%) | -36.81% | -27.69% | -8.39% | - | +2.88% | +5.70% | +8.82% |
| Change | -7.55 | -5.68 | -1.72 | - | +0.59 | +1.17 | +1.81 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | 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 | 18.39 | 19.15 | 19.59 | 20.35 | 20.79 | 21.55 | 21.99 |
| Camarilla | 19.71 | 19.82 | 19.93 | 20.04 | 20.15 | 20.26 | 20.37 |
| Woodie | 18.24 | 19.07 | 19.44 | 20.27 | 20.64 | 21.47 | 21.84 |
| Fibonacci | 19.15 | 19.61 | 19.89 | 20.35 | 20.81 | 21.09 | 21.55 |
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 | 3.10 | 10.77 | 15.41 | 23.08 | 27.72 | 35.39 | 40.03 |
| Camarilla | 16.66 | 17.78 | 18.91 | 20.04 | 21.17 | 22.30 | 23.43 |
| Woodie | 1.58 | 10.01 | 13.89 | 22.32 | 26.20 | 34.63 | 38.51 |
| Fibonacci | 10.77 | 15.48 | 18.38 | 23.08 | 27.79 | 30.69 | 35.39 |
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): | 60.93 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 12.83 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 20.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.91 | |
| Elder Ray (13): | 0.34 | |
| Super Trend (3,10): | 20.04 | |
| Zig ZAG (10): | 20.53 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 93.70 | |
| TEMA (21): | 20.35 | |
| Williams %R (14): | -22.34 | |
| Chande Momentum Oscillator (20): | 0.56 | |
| Repulse (5,40,3): | 1.6200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 2.57 |
| MA7: | 21.20 | |
| MA20: | 24.12 | |
| MA50: | 21.21 | |
| MA100: | 16.45 | |
| MAexp7: | 20.29 | |
| MAexp20: | 20.20 | |
| MAexp50: | 20.43 | |
| MAexp100: | 20.88 | |
| Price / MA7: | -3.25% | |
| Price / MA20: | -14.97% | |
| Price / MA50: | -3.30% | |
| Price / MA100: | +24.68% | |
| Price / MAexp7: | +1.08% | |
| Price / MAexp20: | +1.53% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | -1.77% |
Quotes :
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Real time data
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