CHAINLINK - LINK/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	LINKUSD
ISIN:

CHAINLINK - LINK/USD - 1H - Technical analysis published on 12/08/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

33%

My opinion

Bullish above 24.26 USD

My targets

25.43 USD (+2.62%)

26.83 USD (+8.27%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 24.26 USD remains possible. It is advisable to trade CHAINLINK - LINK/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 24.26 USD. The next bullish objective for buyers is set at 25.43 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 26.83 USD. PS: if there is a bearish break in the support located at 24.26 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

2.5

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.

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Additional analysis

Quotes

The CHAINLINK - LINK/USD rating is 24.78 USD. On the day, this instrument lost -0.08% and was between 24.73 USD and 25.03 USD. This implies that the price is at +0.20% from its lowest and at -1.00% from its highest.

24.73

25.03

24.78

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of CHAINLINK - LINK/USD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	21.73	22.79	24.26	24.78	25.43	26.83
Change (%)	-12.31%	-8.03%	-2.10%	-	+2.62%	+8.27%
Change	-3.05	-1.99	-0.52	-	+0.65	+2.05
Level	Intermediate	Minor	Minor	-	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.50	22.98	23.90	25.38	26.30	27.78	28.70
Camarilla	24.15	24.37	24.59	24.81	25.03	25.25	25.47
Woodie	21.21	22.84	23.61	25.24	26.01	27.64	28.41
Fibonacci	22.98	23.90	24.47	25.38	26.30	26.87	27.78

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.46	14.96	19.88	23.38	28.30	31.80	36.72
Camarilla	22.50	23.27	24.04	24.81	25.58	26.35	27.13
Woodie	12.18	15.32	20.60	23.74	29.02	32.16	37.44
Fibonacci	14.96	18.17	20.16	23.38	26.59	28.58	31.80

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	47.13
MACD (12,26,9):	-0.0300
Directional Movement:	3.60
AROON (14):	-28.57
DEMA (21):	24.88
Parabolic SAR (0,02-0,02-0,2):	24.48
Elder Ray (13):	-0.10
Super Trend (3,10):	24.51
Zig ZAG (10):	24.76
VORTEX (21):	0.8100
Stochastique (14,3,5):	52.78
TEMA (21):	24.72
Williams %R (14):	-57.14
Chande Momentum Oscillator (20):	-0.24
Repulse (5,40,3):	-0.3200
ROCnROLL:	-1
TRIX (15,9):	0.0000
Courbe Coppock:	2.22

MA7:	24.60
MA20:	19.77
MA50:	15.35
MA100:	13.21
MAexp7:	24.81
MAexp20:	24.89
MAexp50:	24.74
MAexp100:	24.19
Price / MA7:	+0.73%
Price / MA20:	+25.34%
Price / MA50:	+61.43%
Price / MA100:	+87.59%
Price / MAexp7:	-0.12%
Price / MAexp20:	-0.44%
Price / MAexp50:	+0.16%
Price / MAexp100:	+2.44%

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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