CHAINLINK - LINK/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	LINKUSD
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CHAINLINK - LINK/USD - 1H - Technical analysis published on 05/01/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

61%

17%

22%

My opinion

Bearish under 13.72 USD

My targets

12.77 USD (-2.59%)

11.22 USD (-14.39%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHAINLINK - LINK/USD as long as the price remains well below 13.72 USD. The next bearish objective for sellers is set at 12.77 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11.22 USD. If there is any crossing, the next objective would be the support located at 10.96 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

3.6

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CHAINLINK - LINK/USD rating is 13.11 USD. The price registered a decrease of -0.08% on the session and was traded between 12.95 USD and 13.25 USD over the period. The price is currently at +1.24% from its lowest and -1.06% from its highest.

12.95

13.25

13.11

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in 1H of this CHAINLINK - LINK/USD chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.15	10.96	12.77	13.11	13.14	13.72	14.37
Change (%)	-30.21%	-16.40%	-2.59%	-	+0.23%	+4.65%	+9.61%
Change	-3.96	-2.15	-0.34	-	+0.03	+0.61	+1.26
Level	Minor	Minor	Intermediate	-	Major	Minor	Major

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	11.10	11.93	12.53	13.36	13.96	14.79	15.39
Camarilla	12.73	12.86	12.99	13.12	13.25	13.38	13.51
Woodie	10.98	11.87	12.41	13.30	13.84	14.73	15.27
Fibonacci	11.93	12.48	12.82	13.36	13.91	14.25	14.79

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.22	12.55	13.39	14.72	15.56	16.89	17.73
Camarilla	13.64	13.84	14.04	14.24	14.44	14.64	14.84
Woodie	10.99	12.43	13.16	14.60	15.33	16.77	17.50
Fibonacci	12.55	13.38	13.89	14.72	15.55	16.06	16.89

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.98	7.47	10.30	14.79	17.62	22.11	24.94
Camarilla	11.11	11.78	12.45	13.12	13.79	14.46	15.13
Woodie	2.14	7.06	9.46	14.38	16.78	21.70	24.10
Fibonacci	7.47	10.27	12.00	14.79	17.59	19.32	22.11

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):	41.97
MACD (12,26,9):	-0.1200
Directional Movement:	-12.35
AROON (14):	21.42
DEMA (21):	13.00
Parabolic SAR (0,02-0,02-0,2):	12.85
Elder Ray (13):	-0.01
Super Trend (3,10):	13.49
Zig ZAG (10):	13.11
VORTEX (21):	0.9100
Stochastique (14,3,5):	78.47
TEMA (21):	13.04
Williams %R (14):	-27.08
Chande Momentum Oscillator (20):	0.27
Repulse (5,40,3):	0.0900
ROCnROLL:	2
TRIX (15,9):	-0.1900
Courbe Coppock:	0.92

MA7:	13.92
MA20:	14.16
MA50:	16.77
MA100:	17.66
MAexp7:	13.12
MAexp20:	13.19
MAexp50:	13.47
MAexp100:	13.78
Price / MA7:	-5.82%
Price / MA20:	-7.42%
Price / MA50:	-21.82%
Price / MA100:	-25.76%
Price / MAexp7:	-0.08%
Price / MAexp20:	-0.61%
Price / MAexp50:	-2.67%
Price / MAexp100:	-4.86%

Quotes : - Real time data - Cryptocompare

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

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Londinia AI

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