CHAINLINK - LINK/USD - 1H - Technical analysis published on 05/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 15.95 USD
My targets
16.89 USD (+4.00%)
17.99 USD (+10.78%)
My analysis
The basic bullish trend is very strong on CHAINLINK - LINK/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 15.95 USD. Crossing the first resistance at 16.89 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 17.99 USD as an objective. Crossing it would then enable buyers to target 20.04 USD. Caution, a return to below 15.95 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.6
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Additional analysis
Quotes
The CHAINLINK - LINK/USD price is 16.24 USD. The price registered a decrease of -0.06% on the session and was between 16.06 USD and 16.41 USD. This implies that the price is at +1.12% from its lowest and at -1.04% from its highest.16.06
16.41
16.24
Here is a more detailed summary of the historical variations registered by CHAINLINK - LINK/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHAINLINK - LINK/USD indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 14.51 | 15.44 | 15.95 | 16.24 | 16.89 | 17.99 | 20.04 |
| Change (%) | -10.65% | -4.93% | -1.79% | - | +4.00% | +10.78% | +23.40% |
| Change | -1.73 | -0.80 | -0.29 | - | +0.65 | +1.75 | +3.80 |
| Level | Major | Minor | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.29 | 14.88 | 15.57 | 16.16 | 16.85 | 17.44 | 18.13 |
| Camarilla | 15.90 | 16.02 | 16.13 | 16.25 | 16.37 | 16.49 | 16.60 |
| Woodie | 14.33 | 14.91 | 15.61 | 16.19 | 16.89 | 17.47 | 18.17 |
| Fibonacci | 14.88 | 15.37 | 15.67 | 16.16 | 16.65 | 16.95 | 17.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.80 | 12.04 | 12.67 | 13.91 | 14.54 | 15.78 | 16.41 |
| Camarilla | 12.79 | 12.96 | 13.13 | 13.30 | 13.47 | 13.64 | 13.81 |
| Woodie | 10.50 | 11.89 | 12.37 | 13.76 | 14.24 | 15.63 | 16.11 |
| Fibonacci | 12.04 | 12.75 | 13.20 | 13.91 | 14.62 | 15.07 | 15.78 |
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): | 52.06 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 12.41 | |
| AROON (14): | 28.58 | |
| DEMA (21): | 16.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.09 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 15.76 | |
| Zig ZAG (10): | 16.12 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 29.52 | |
| TEMA (21): | 16.15 | |
| Williams %R (14): | -65.71 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 0.18 |
| MA7: | 14.54 | |
| MA20: | 14.11 | |
| MA50: | 15.17 | |
| MA100: | 17.31 | |
| MAexp7: | 16.20 | |
| MAexp20: | 16.18 | |
| MAexp50: | 15.73 | |
| MAexp100: | 15.09 | |
| Price / MA7: | +11.69% | |
| Price / MA20: | +15.10% | |
| Price / MA50: | +7.05% | |
| Price / MA100: | -6.18% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +3.24% | |
| Price / MAexp100: | +7.62% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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