CHAINLINK (X100) - LINK/BTC
CHAINLINK (X100) - LINK/BTC
0.024338 BTC (-1.94%)
12/19/2024 - 14:22 Open Real time data - Cryptocompare
Open: 0.024830
Change: -0.000482
Volume: 14,790
Low: 0.023612
High: 0.025067
High / Low range: 0.001455
Type: Cryptocurrencies
Ticker: LINKBTC
ISIN:

CHAINLINK (X100) - LINK/BTC - Weekly - Technical analysis published on 02/03/2022 (GMT)

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  • 02/03/2022 - 07:23
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  • Timeframe : Weekly
  • - Analysis generated on 02/03/2022 - 07:23
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 0.053006 BTC
My targets
0.037399 BTC (-12.12%)
0.024437 BTC (-42.58%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHAINLINK (X100) - LINK/BTC as long as the price remains well below 0.053006 BTC. The sellers' bearish objective is set at 0.037399 BTC. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.024437 BTC. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8

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 sprangs. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily

Additional analysis

Quotes

The CHAINLINK (X100) - LINK/BTC rating is 0.042558 BTC. The price registered a decrease of -0.50% over 5 days and has been traded over the last 5 days between 0.042434 BTC and 0.047379 BTC. This implies that the 5 day price is +0.29% from its lowest point and -10.18% from its highest point.

0.042434
0.047379
0.042558

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHAINLINK (X100) - LINK/BTC:
Created with Raphaël 2.3.0-1000100200300January 1st3 years1 year6 months1 month5 daysToday

Technical


Technical analysis of CHAINLINK (X100) - LINK/BTC in Weekly shows a overall strongly 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 detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Weekly



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Weekly




ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 0.024437 0.037399 0.042558 0.053006 0.066123 0.099301
Change (%) -42.58% -12.12% - +24.55% +55.37% +133.33%
Change -0.018121 -0.005159 - +0.010448 +0.023565 +0.056743
Level Minor Major - Intermediate Intermediate Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0393140.0409240.0418530.0434630.0443920.0460020.046931
Camarilla0.0420850.0423180.0425500.0427830.0430160.0432490.043481
Woodie0.0389750.0407540.0415140.0432930.0440530.0458320.046592
Fibonacci0.0409240.0418940.0424930.0434630.0444330.0450320.046002


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0332900.0366670.0395870.0429640.0458840.0492610.052181
Camarilla0.0407740.0413520.0419290.0425060.0430830.0436610.044238
Woodie0.0330610.0365530.0393580.0428500.0456550.0491470.051952
Fibonacci0.0366670.0390730.0405590.0429640.0453700.0468560.049261


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0056220.0228340.0337430.0509550.0618640.0790760.089985
Camarilla0.0369200.0394980.0420750.0446530.0472310.0498090.052386
Woodie0.0024720.0212580.0305930.0493790.0587140.0775000.086835
Fibonacci0.0228340.0335760.0402120.0509550.0616970.0683330.079076

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Created with Raphaël 2.3.0Sell10
Moving averages
Created with Raphaël 2.3.0Sell25

RSI (14): 43.88
MACD (12,26,9): -0.0026
Directional Movement: -1.510338
AROON (14): 42.857143
DEMA (21): 0.045635
Parabolic SAR (0,02-0,02-0,2): 0.067604
Elder Ray (13): -0.003287
Super Trend (3,10): 0.066510
Zig ZAG (10): 0.042479
VORTEX (21): 0.9305
Stochastique (14,3,5): 24.62
TEMA (21): 0.046020
Williams %R (14): -78.80
Chande Momentum Oscillator (20): -0.009052
Repulse (5,40,3): -21.6736
ROCnROLL: 2
TRIX (15,9): -0.7788
Courbe Coppock: 8.94
MA7: 0.043713
MA20: 0.047057
MA50: 0.048386
MA100: 0.047542
MAexp7: 0.047100
MAexp20: 0.049316
MAexp50: 0.054115
MAexp100: 0.053185
Price / MA7: -2.64%
Price / MA20: -9.56%
Price / MA50: -12.04%
Price / MA100: -10.48%
Price / MAexp7: -9.64%
Price / MAexp20: -13.70%
Price / MAexp50: -21.36%
Price / MAexp100: -19.98%

Quotes : 02/03/2022 - 07:22 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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