CHAINLINK - LINK/USD - 1H - Technical analysis published on 01/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Neutral
Technical indicators
17%
44%
39%
My opinion
Neutral between 14.05 USD and 14.42 USD
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 14.42 USD. The first support is located at 14.05 USD. However, the chances of finding the first resistance before the first support are slightly higher. Without a basic trend, it is be important to monitor the price response at these levels. A bullish break in resistance or a bearish break in support could provide a signal that would set a new direction for the basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by CHAINLINK - LINK/USD.
Technical indicators are bearish in the very shrot term and could soon allow change to a bearish sentiment.
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.
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Additional analysis
Quotes
The CHAINLINK - LINK/USD price is 14.18 USD. On the day, this instrument lost -0.07% and was traded between 14.09 USD and 14.35 USD over the period. The price is currently at +0.64% from its lowest and -1.18% from its highest.14.09
14.35
14.18
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 - LINK/USD in 1H shows a neutral overall trend. This indecision could turn into a bullish trend due to the slightly bullish signals currently given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 8 technical indicators out of 18 studied are currently bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 10.96 | 13.75 | 14.05 | 14.18 | 14.42 | 15.22 | 15.96 |
| Change (%) | -22.71% | -3.03% | -0.92% | - | +1.69% | +7.33% | +12.55% |
| Change | -3.22 | -0.43 | -0.13 | - | +0.24 | +1.04 | +1.78 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Intermediate |
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 | 13.13 | 13.38 | 13.79 | 14.04 | 14.45 | 14.70 | 15.11 |
| Camarilla | 14.01 | 14.07 | 14.13 | 14.19 | 14.25 | 14.31 | 14.37 |
| Woodie | 13.20 | 13.42 | 13.86 | 14.08 | 14.52 | 14.74 | 15.18 |
| Fibonacci | 13.38 | 13.64 | 13.79 | 14.04 | 14.30 | 14.45 | 14.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.11 | 13.16 | 14.46 | 15.51 | 16.81 | 17.86 | 19.16 |
| Camarilla | 15.12 | 15.34 | 15.56 | 15.77 | 15.99 | 16.20 | 16.42 |
| Woodie | 12.25 | 13.22 | 14.60 | 15.57 | 16.95 | 17.92 | 19.30 |
| Fibonacci | 13.16 | 14.05 | 14.61 | 15.51 | 16.40 | 16.96 | 17.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.03 | 11.34 | 13.13 | 15.44 | 17.23 | 19.54 | 21.33 |
| Camarilla | 13.80 | 14.18 | 14.55 | 14.93 | 15.31 | 15.68 | 16.06 |
| Woodie | 8.78 | 11.21 | 12.88 | 15.31 | 16.98 | 19.41 | 21.08 |
| Fibonacci | 11.34 | 12.90 | 13.87 | 15.44 | 17.00 | 17.97 | 19.54 |
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): | 49.99 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 2.88 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 14.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.33 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 14.03 | |
| Zig ZAG (10): | 14.09 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 25.56 | |
| TEMA (21): | 14.21 | |
| Williams %R (14): | -70.00 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | -0.4500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 0.28 |
| MA7: | 14.37 | |
| MA20: | 14.72 | |
| MA50: | 14.86 | |
| MA100: | 14.14 | |
| MAexp7: | 14.17 | |
| MAexp20: | 14.15 | |
| MAexp50: | 14.08 | |
| MAexp100: | 14.20 | |
| Price / MA7: | -1.32% | |
| Price / MA20: | -3.67% | |
| Price / MA50: | -4.58% | |
| Price / MA100: | +0.28% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.71% | |
| Price / MAexp100: | -0.14% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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