CHAINLINK - LINK/USD - 1H - Technical analysis published on 01/01/2025 (GMT)
- 91
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 21.17 USD
My targets
21.73 USD (+0.60%)
22.36 USD (+3.52%)
My analysis
CHAINLINK - LINK/USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 21.17 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 21.73 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 22.36 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 23.64 USD. Beware of a possible return to under the support located at 21.17 USD which would be the sign of a correction of the bullish excesses registered in the short term.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.9
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
CHAINLINK - LINK/USD rating 21.60 USD. On the day, this instrument gained +8.16% and was between 19.65 USD and 21.73 USD. This implies that the price is at +9.92% from its lowest and at -0.60% from its highest.19.65
21.73
21.60
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of CHAINLINK - LINK/USD indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
In fact, 17 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.84 | 18.77 | 21.17 | 21.60 | 21.73 | 22.36 | 23.64 |
| Change (%) | -31.30% | -13.10% | -1.99% | - | +0.60% | +3.52% | +9.44% |
| Change | -6.76 | -2.83 | -0.43 | - | +0.13 | +0.76 | +2.04 |
| Level | Minor | Minor | Minor | - | Major | Intermediate | Minor |
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 | 18.07 | 18.93 | 19.45 | 20.31 | 20.83 | 21.69 | 22.21 |
| Camarilla | 19.59 | 19.72 | 19.84 | 19.97 | 20.10 | 20.22 | 20.35 |
| Woodie | 17.90 | 18.85 | 19.28 | 20.23 | 20.66 | 21.61 | 22.04 |
| Fibonacci | 18.93 | 19.46 | 19.78 | 20.31 | 20.84 | 21.16 | 21.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.07 | 18.05 | 20.00 | 22.98 | 24.93 | 27.91 | 29.86 |
| Camarilla | 20.59 | 21.05 | 21.50 | 21.95 | 22.40 | 22.85 | 23.31 |
| Woodie | 14.56 | 17.79 | 19.49 | 22.72 | 24.42 | 27.65 | 29.35 |
| Fibonacci | 18.05 | 19.93 | 21.10 | 22.98 | 24.86 | 26.03 | 27.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.82 | 10.64 | 15.30 | 23.12 | 27.78 | 35.60 | 40.26 |
| Camarilla | 16.54 | 17.68 | 18.83 | 19.97 | 21.11 | 22.26 | 23.40 |
| Woodie | 1.25 | 9.85 | 13.73 | 22.33 | 26.21 | 34.81 | 38.69 |
| Fibonacci | 10.64 | 15.40 | 18.35 | 23.12 | 27.88 | 30.83 | 35.60 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 74.25 | |
| MACD (12,26,9): | 0.1800 | |
| Directional Movement: | 21.14 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 20.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.16 | |
| Elder Ray (13): | 0.69 | |
| Super Trend (3,10): | 20.36 | |
| Zig ZAG (10): | 21.38 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 96.72 | |
| TEMA (21): | 20.85 | |
| Williams %R (14): | -8.38 | |
| Chande Momentum Oscillator (20): | 1.38 | |
| Repulse (5,40,3): | 3.9600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 7.45 |
| MA7: | 21.27 | |
| MA20: | 24.11 | |
| MA50: | 21.21 | |
| MA100: | 16.45 | |
| MAexp7: | 20.79 | |
| MAexp20: | 20.41 | |
| MAexp50: | 20.45 | |
| MAexp100: | 20.85 | |
| Price / MA7: | +1.55% | |
| Price / MA20: | -10.41% | |
| Price / MA50: | +1.84% | |
| Price / MA100: | +31.31% | |
| Price / MAexp7: | +3.90% | |
| Price / MAexp20: | +5.83% | |
| Price / MAexp50: | +5.62% | |
| Price / MAexp100: | +3.60% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CHAINLINK - LINK/USD - 1H