CHAINLINK (X100) - LINK/BTC - 1H - Technical analysis published on 01/14/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 0.058720 BTC
My targets
0.055191 BTC (-4.29%)
0.053853 BTC (-6.61%)
My analysis
CHAINLINK (X100) - LINK/BTC 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 0.058720 BTC. The next support located at 0.055191 BTC 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 0.053853 BTC. Below this support, sellers could then target 0.052325 BTC. 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 not called into question, despite technical indicators being neutral.
Force
0
10
6.3
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This analysis was given by acruciani. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHAINLINK (X100) - LINK/BTC price is 0.057667 BTC. The price registered a decrease of -1.20% on the session and was traded between 0.057107 BTC and 0.059291 BTC over the period. The price is currently at +0.98% from its lowest and -2.74% from its highest.0.057107
0.059291
0.057667
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:
Technical
Technical analysis of CHAINLINK (X100) - LINK/BTC in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.053853 | 0.055191 | 0.057469 | 0.057667 | 0.058720 | 0.062658 | 0.066123 |
| Change (%) | -6.61% | -4.29% | -0.34% | - | +1.83% | +8.65% | +14.66% |
| Change | -0.003814 | -0.002476 | -0.000198 | - | +0.001053 | +0.004991 | +0.008456 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | Major |
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 | 0.053425 | 0.055447 | 0.056907 | 0.058929 | 0.060389 | 0.062411 | 0.063871 |
| Camarilla | 0.057410 | 0.057729 | 0.058048 | 0.058367 | 0.058686 | 0.059005 | 0.059325 |
| Woodie | 0.053144 | 0.055307 | 0.056626 | 0.058789 | 0.060108 | 0.062271 | 0.063590 |
| Fibonacci | 0.055447 | 0.056777 | 0.057599 | 0.058929 | 0.060259 | 0.061081 | 0.062411 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.026025 | 0.034700 | 0.047751 | 0.056426 | 0.069477 | 0.078152 | 0.091203 |
| Camarilla | 0.054826 | 0.056818 | 0.058810 | 0.060801 | 0.062793 | 0.064784 | 0.066776 |
| Woodie | 0.028212 | 0.035794 | 0.049938 | 0.057520 | 0.071664 | 0.079246 | 0.093390 |
| Fibonacci | 0.034700 | 0.043000 | 0.048127 | 0.056426 | 0.064726 | 0.069853 | 0.078152 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.024317 | 0.029962 | 0.036116 | 0.041761 | 0.047915 | 0.053560 | 0.059714 |
| Camarilla | 0.039025 | 0.040107 | 0.041188 | 0.042270 | 0.043352 | 0.044433 | 0.045515 |
| Woodie | 0.024572 | 0.030089 | 0.036371 | 0.041888 | 0.048170 | 0.053687 | 0.059969 |
| Fibonacci | 0.029962 | 0.034469 | 0.037254 | 0.041761 | 0.046268 | 0.049053 | 0.053560 |
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): | 39.35 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -13.287069 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.057365 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.058076 | |
| Elder Ray (13): | -0.000240 | |
| Super Trend (3,10): | 0.058930 | |
| Zig ZAG (10): | 0.057503 | |
| VORTEX (21): | 0.9087 | |
| Stochastique (14,3,5): | 25.60 | |
| TEMA (21): | 0.057453 | |
| Williams %R (14): | -72.30 | |
| Chande Momentum Oscillator (20): | -0.000859 | |
| Repulse (5,40,3): | 0.1087 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1108 | |
| Courbe Coppock: | 3.35 |
| MA7: | 0.061797 | |
| MA20: | 0.053218 | |
| MA50: | 0.046281 | |
| MA100: | 0.047381 | |
| MAexp7: | 0.057617 | |
| MAexp20: | 0.057972 | |
| MAexp50: | 0.058997 | |
| MAexp100: | 0.060116 | |
| Price / MA7: | -6.68% | |
| Price / MA20: | +8.36% | |
| Price / MA50: | +24.60% | |
| Price / MA100: | +21.71% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | -0.53% | |
| Price / MAexp50: | -2.25% | |
| Price / MAexp100: | -4.07% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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