CHAINLINK - LINK/USD - 1H - Technical analysis published on 06/08/2024 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 16.77 USD
My targets
15.35 USD (-4.42%)
14.49 USD (-9.78%)
My analysis
The bearish trend is currently very strong for CHAINLINK - LINK/USD. As long as the price remains below the resistance at 16.77 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 15.35 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 14.49 USD as an objective. Crossing it would then enable sellers to target 13.14 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.1
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Additional analysis
Quotes
The CHAINLINK - LINK/USD rating is 16.06 USD. On the day, this instrument lost -1.59% and was traded between 16.04 USD and 16.41 USD over the period. The price is currently at +0.12% from its lowest and -2.13% from its highest.16.04
16.41
16.06
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 overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.14 | 14.49 | 15.35 | 16.06 | 16.08 | 16.77 | 17.11 |
| Change (%) | -18.18% | -9.78% | -4.42% | - | +0.12% | +4.42% | +6.54% |
| Change | -2.92 | -1.57 | -0.71 | - | +0.02 | +0.71 | +1.05 |
| Level | Major | Minor | Intermediate | - | Minor | 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 | 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): | 26.34 | |
| MACD (12,26,9): | -0.2600 | |
| Directional Movement: | -39.24 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 16.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.52 | |
| Elder Ray (13): | -0.19 | |
| Super Trend (3,10): | 16.52 | |
| Zig ZAG (10): | 16.12 | |
| VORTEX (21): | 0.6700 | |
| Stochastique (14,3,5): | 6.51 | |
| TEMA (21): | 16.05 | |
| Williams %R (14): | -96.67 | |
| Chande Momentum Oscillator (20): | -0.20 | |
| Repulse (5,40,3): | -0.8900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2400 | |
| Courbe Coppock: | 3.87 |
| MA7: | 17.28 | |
| MA20: | 17.51 | |
| MA50: | 15.63 | |
| MA100: | 16.92 | |
| MAexp7: | 16.23 | |
| MAexp20: | 16.46 | |
| MAexp50: | 16.87 | |
| MAexp100: | 17.22 | |
| Price / MA7: | -7.06% | |
| Price / MA20: | -8.28% | |
| Price / MA50: | +2.75% | |
| Price / MA100: | -5.08% | |
| Price / MAexp7: | -1.05% | |
| Price / MAexp20: | -2.43% | |
| Price / MAexp50: | -4.80% | |
| Price / MAexp100: | -6.74% |
Quotes :
-
Real time data
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