CHAINLINK - LINK/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	LINKUSD
ISIN:

CHAINLINK - LINK/USD - Daily - Technical analysis published on 06/08/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 16.77 USD

My targets

14.49 USD (-9.72%)

13.14 USD (-18.13%)

My analysis

The basic trend is currently slightly bearish on CHAINLINK - LINK/USD and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 16.77 USD, sales could be favoured. The first bearish objective would be located at 14.49 USD. Sellers would then use the next support located at 13.14 USD as an objective. Crossing it would then enable sellers to target 8.46 USD. A return to above the resistance at 16.77 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

4.1

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

Additional analysis

Quotes

CHAINLINK - LINK/USD rating 16.05 USD. On the day, this instrument lost -1.65% with the lowest point at 16.04 USD and the highest point at 16.41 USD. The deviation from the price is +0.06% for the low point and -2.19% for the high point.

16.04

16.41

16.05

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 Daily of this CHAINLINK - LINK/USD chart shows a slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily

The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.46	13.14	14.49	16.05	16.08	16.77	17.99
Change (%)	-47.29%	-18.13%	-9.72%	-	+0.19%	+4.49%	+12.09%
Change	-7.59	-2.91	-1.56	-	+0.03	+0.72	+1.94
Level	Minor	Major	Minor	-	Minor	Intermediate	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	12.86	14.11	15.21	16.46	17.56	18.81	19.91
Camarilla	15.67	15.89	16.11	16.32	16.54	16.75	16.97
Woodie	12.80	14.07	15.15	16.42	17.50	18.77	19.85
Fibonacci	14.11	15.00	15.56	16.46	17.35	17.91	18.81

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.81	15.85	17.13	18.17	19.45	20.49	21.77
Camarilla	17.78	18.00	18.21	18.42	18.63	18.85	19.06
Woodie	14.94	15.91	17.26	18.23	19.58	20.55	21.90
Fibonacci	15.85	16.73	17.28	18.17	19.05	19.60	20.49

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.35	9.88	14.14	16.67	20.93	23.46	27.72
Camarilla	16.53	17.16	17.78	18.40	19.02	19.65	20.27
Woodie	8.22	10.31	15.01	17.10	21.80	23.89	28.59
Fibonacci	9.88	12.47	14.08	16.67	19.26	20.87	23.46

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	43.31
MACD (12,26,9):	0.3500
Directional Movement:	-10.78
AROON (14):	-64.29
DEMA (21):	17.68
Parabolic SAR (0,02-0,02-0,2):	18.63
Elder Ray (13):	-0.97
Super Trend (3,10):	15.51
Zig ZAG (10):	16.12
VORTEX (21):	1.0000
Stochastique (14,3,5):	23.74
TEMA (21):	17.63
Williams %R (14):	-80.00
Chande Momentum Oscillator (20):	-2.64
Repulse (5,40,3):	-7.8000
ROCnROLL:	2
TRIX (15,9):	0.6600
Courbe Coppock:	0.85

MA7:	17.28
MA20:	17.51
MA50:	15.63
MA100:	16.92
MAexp7:	17.06
MAexp20:	17.07
MAexp50:	16.49
MAexp100:	16.38
Price / MA7:	-7.12%
Price / MA20:	-8.34%
Price / MA50:	+2.69%
Price / MA100:	-5.14%
Price / MAexp7:	-5.92%
Price / MAexp20:	-5.98%
Price / MAexp50:	-2.67%
Price / MAexp100:	-2.01%

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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