CHAINLINK - LINK/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
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Low:	-
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Type:	Cryptocurrencies
Ticker:	LINKUSD
ISIN:

CHAINLINK - LINK/USD - Daily - Technical analysis published on 12/04/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 21.73 USD

My targets

25.55 USD (+5.44%)

31.64 USD (+30.59%)

My analysis

CHAINLINK - LINK/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 21.73 USD. The next resistance located at 25.55 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 31.64 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.8

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

Additional analysis

Quotes

The CHAINLINK - LINK/USD rating is 24.23 USD. The price registered an increase of +0.37% on the session and was traded between 23.64 USD and 25.14 USD over the period. The price is currently at +2.50% from its lowest and -3.62% from its highest.

23.64

25.14

24.23

A study of price movements over other periods shows the following variations:

Abnormal volumes on CHAINLINK - LINK/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of CHAINLINK - LINK/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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
ProTrendLines	17.33	18.77	21.73	24.23
Change (%)	-28.48%	-22.53%	-10.32%	-
Change	-6.90	-5.46	-2.50	-
Level	Minor	Intermediate	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	18.86	20.73	22.44	24.31	26.02	27.89	29.60
Camarilla	23.16	23.48	23.81	24.14	24.47	24.80	25.13
Woodie	18.77	20.69	22.35	24.27	25.93	27.85	29.51
Fibonacci	20.73	22.10	22.95	24.31	25.68	26.53	27.89

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.63	14.89	16.94	18.20	20.25	21.51	23.56
Camarilla	18.09	18.39	18.70	19.00	19.30	19.61	19.91
Woodie	14.04	15.09	17.35	18.40	20.66	21.71	23.97
Fibonacci	14.89	16.15	16.93	18.20	19.46	20.24	21.51

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.53	6.81	12.90	16.18	22.27	25.55	31.64
Camarilla	16.42	17.28	18.14	19.00	19.86	20.72	21.58
Woodie	4.95	7.51	14.32	16.88	23.69	26.25	33.06
Fibonacci	6.81	10.39	12.60	16.18	19.76	21.97	25.55

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):	76.93
MACD (12,26,9):	2.6000
Directional Movement:	37.13
AROON (14):	78.57
DEMA (21):	21.69
Parabolic SAR (0,02-0,02-0,2):	18.60
Elder Ray (13):	4.36
Super Trend (3,10):	17.95
Zig ZAG (10):	24.68
VORTEX (21):	1.2600
Stochastique (14,3,5):	83.17
TEMA (21):	23.19
Williams %R (14):	-17.42
Chande Momentum Oscillator (20):	8.01
Repulse (5,40,3):	14.2700
ROCnROLL:	1
TRIX (15,9):	1.8900
Courbe Coppock:	89.79

MA7:	21.12
MA20:	17.72
MA50:	14.28
MA100:	12.67
MAexp7:	21.81
MAexp20:	18.56
MAexp50:	15.52
MAexp100:	13.99
Price / MA7:	+14.73%
Price / MA20:	+36.74%
Price / MA50:	+69.68%
Price / MA100:	+91.24%
Price / MAexp7:	+11.10%
Price / MAexp20:	+30.55%
Price / MAexp50:	+56.12%
Price / MAexp100:	+73.20%

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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