CHAINLINK - LINK/USD - 1H - Technical analysis published on 12/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
28%
22%
50%
My opinion
Bearish under 16.46 USD
My targets
15.34 USD (-1.35%)
15.04 USD (-3.28%)
My analysis
CHAINLINK - LINK/USD is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 16.46 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 15.34 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 15.04 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 14.84 USD. Beware of a possible return to above the resistance located at 16.46 USD which would be a sign of a correction of the short-term bearish excesses registered.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2
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This analysis was given by adhemar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHAINLINK - LINK/USD rating is 15.55 USD. The price is lower by -1.02% since the last closing and was traded between 15.22 USD and 16.40 USD over the period. The price is currently at +2.17% from its lowest and -5.18% from its highest.15.22
16.40
15.55
Here is a more detailed summary of the historical variations registered by CHAINLINK - LINK/USD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this CHAINLINK - LINK/USD chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals 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: 5 are bullish, 9 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.84 | 15.04 | 15.34 | 15.55 | 16.46 | 17.99 | 27.98 |
| Change (%) | -4.57% | -3.28% | -1.35% | - | +5.85% | +15.69% | +79.94% |
| Change | -0.71 | -0.51 | -0.21 | - | +0.91 | +2.44 | +12.43 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.87 | 15.28 | 15.49 | 15.90 | 16.11 | 16.52 | 16.73 |
| Camarilla | 15.54 | 15.60 | 15.65 | 15.71 | 15.77 | 15.82 | 15.88 |
| Woodie | 14.78 | 15.23 | 15.40 | 15.85 | 16.02 | 16.47 | 16.64 |
| Fibonacci | 15.28 | 15.51 | 15.66 | 15.90 | 16.13 | 16.28 | 16.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.05 | 12.92 | 14.46 | 15.33 | 16.87 | 17.74 | 19.28 |
| Camarilla | 15.34 | 15.56 | 15.78 | 16.00 | 16.22 | 16.44 | 16.66 |
| Woodie | 12.39 | 13.09 | 14.80 | 15.50 | 17.21 | 17.91 | 19.62 |
| Fibonacci | 12.92 | 13.84 | 14.41 | 15.33 | 16.25 | 16.82 | 17.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.99 | 7.76 | 11.08 | 13.85 | 17.17 | 19.94 | 23.26 |
| Camarilla | 12.74 | 13.29 | 13.85 | 14.41 | 14.97 | 15.53 | 16.09 |
| Woodie | 5.28 | 7.90 | 11.37 | 13.99 | 17.46 | 20.08 | 23.55 |
| Fibonacci | 7.76 | 10.08 | 11.52 | 13.85 | 16.17 | 17.61 | 19.94 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.30 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -0.95 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 15.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.16 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 16.25 | |
| Zig ZAG (10): | 15.72 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 42.52 | |
| TEMA (21): | 15.59 | |
| Williams %R (14): | -48.48 | |
| Chande Momentum Oscillator (20): | -0.27 | |
| Repulse (5,40,3): | 0.7700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 4.79 |
| MA7: | 15.12 | |
| MA20: | 14.59 | |
| MA50: | 12.73 | |
| MA100: | 9.77 | |
| MAexp7: | 15.66 | |
| MAexp20: | 15.75 | |
| MAexp50: | 15.76 | |
| MAexp100: | 15.56 | |
| Price / MA7: | +2.84% | |
| Price / MA20: | +6.58% | |
| Price / MA50: | +22.15% | |
| Price / MA100: | +59.16% | |
| Price / MAexp7: | -0.70% | |
| Price / MAexp20: | -1.27% | |
| Price / MAexp50: | -1.33% | |
| Price / MAexp100: | -0.06% |
Quotes :
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Real time data
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