CHAINLINK - LINK/USDT - Daily - Technical analysis published on 04/18/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 3.50 USDT
My targets
4.34 USDT (+13.96%)
4.71 USDT (+23.62%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CHAINLINK - LINK/USDT. This is a positive signal for buyers. As long as the price remains above 3.50 USDT, a purchase could be considered. The first bullish objective is located at 4.34 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.71 USDT as an objective. In the event of a return below 3.50 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.3
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This analysis was given by Patron292. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHAINLINK - LINK/USDT rating 3.81 USDT. The price has increased by +10.44% since the last closing and was traded between 3.45 USDT and 3.83 USDT over the period. The price is currently at +10.43% from its lowest and -0.52% from its highest.3.45
3.83
3.81
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this CHAINLINK - LINK/USDT chart shows a bullish trend. The signals returned by the moving averages are 75% bullish. This bullish trend is reinforced 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.
In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.04 | 3.50 | 3.74 | 3.81 | 4.71 |
| Change (%) | -20.21% | -8.14% | -1.84% | - | +23.62% |
| Change | -0.77 | -0.31 | -0.07 | - | +0.90 |
| Level | Major | Intermediate | Major | - | Intermediate |
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 | 3.25 | 3.32 | 3.38 | 3.45 | 3.52 | 3.58 | 3.65 |
| Camarilla | 3.41 | 3.43 | 3.44 | 3.45 | 3.46 | 3.47 | 3.49 |
| Woodie | 3.25 | 3.32 | 3.38 | 3.45 | 3.52 | 3.58 | 3.65 |
| Fibonacci | 3.32 | 3.37 | 3.40 | 3.45 | 3.50 | 3.53 | 3.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.32 | 1.78 | 2.54 | 3.00 | 3.75 | 4.22 | 4.97 |
| Camarilla | 2.96 | 3.07 | 3.18 | 3.29 | 3.40 | 3.51 | 3.63 |
| Woodie | 1.47 | 1.86 | 2.68 | 3.07 | 3.90 | 4.29 | 5.12 |
| Fibonacci | 1.78 | 2.25 | 2.53 | 3.00 | 3.46 | 3.75 | 4.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -2.71 | -0.64 | 0.81 | 2.89 | 4.34 | 6.42 | 7.87 |
| Camarilla | 1.29 | 1.62 | 1.94 | 2.26 | 2.59 | 2.91 | 3.23 |
| Woodie | -3.03 | -0.79 | 0.50 | 2.73 | 4.03 | 6.26 | 7.56 |
| Fibonacci | -0.64 | 0.71 | 1.54 | 2.89 | 4.24 | 5.07 | 6.42 |
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): | 69.56 | |
| MACD (12,26,9): | 0.2500 | |
| Directional Movement: | 20.90 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 3.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.00 | |
| Elder Ray (13): | 0.41 | |
| Super Trend (3,10): | 2.73 | |
| Zig ZAG (10): | 3.82 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 91.15 | |
| TEMA (21): | 3.65 | |
| Williams %R (14): | -0.89 | |
| Chande Momentum Oscillator (20): | 1.25 | |
| Repulse (5,40,3): | 16.7800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7900 | |
| Courbe Coppock: | 95.57 |
| MA7: | 3.41 | |
| MA20: | 2.90 | |
| MA50: | 2.95 | |
| MA100: | 3.07 | |
| MAexp7: | 3.42 | |
| MAexp20: | 3.07 | |
| MAexp50: | 2.96 | |
| MAexp100: | 2.92 | |
| Price / MA7: | +11.73% | |
| Price / MA20: | +31.38% | |
| Price / MA50: | +29.15% | |
| Price / MA100: | +24.10% | |
| Price / MAexp7: | +11.40% | |
| Price / MAexp20: | +24.10% | |
| Price / MAexp50: | +28.72% | |
| Price / MAexp100: | +30.48% |
This member declared not having a position on this financial instrument or a related financial instrument.
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