CHAINLINK - LINK/USDT - 1H - Technical analysis published on 09/30/2022 (GMT)
- 107
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 8.07 USDT
My targets
7.26 USDT (-4.85%)
6.98 USDT (-8.52%)
My analysis
The bearish basic trend is very strong on CHAINLINK - LINK/USDT but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 8.07 USDT. Crossing the first support at 7.26 USDT would be a sign of a further potential price plummet. Sellers would then use the next support located at 6.98 USDT as an objective. Crossing it would then enable sellers to target 6.53 USDT. Caution, a return to above the resistance located at 8.07 USDT would be a sign of a possible consolidation phase of the short-term basic trend. 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
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 finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHAINLINK - LINK/USDT rating 7.63 USDT. The price is lower by -3.42% since the last closing with the lowest point at 7.60 USDT and the highest point at 7.91 USDT. The deviation from the price is +0.39% for the low point and -3.54% for the high point.7.60
7.91
7.63
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of CHAINLINK - LINK/USDT indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
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 : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.53 | 6.98 | 7.26 | 7.63 | 7.65 | 8.07 | 8.52 |
| Change (%) | -14.42% | -8.52% | -4.85% | - | +0.26% | +5.77% | +11.66% |
| Change | -1.10 | -0.65 | -0.37 | - | +0.02 | +0.44 | +0.89 |
| Level | Minor | Minor | Intermediate | - | Major | Intermediate | Minor |
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 | 7.34 | 7.47 | 7.68 | 7.81 | 8.02 | 8.15 | 8.36 |
| Camarilla | 7.81 | 7.84 | 7.87 | 7.90 | 7.93 | 7.96 | 7.99 |
| Woodie | 7.39 | 7.49 | 7.73 | 7.83 | 8.07 | 8.17 | 8.41 |
| Fibonacci | 7.47 | 7.60 | 7.68 | 7.81 | 7.94 | 8.02 | 8.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.13 | 5.83 | 6.73 | 7.43 | 8.33 | 9.03 | 9.93 |
| Camarilla | 7.19 | 7.34 | 7.48 | 7.63 | 7.78 | 7.92 | 8.07 |
| Woodie | 5.23 | 5.88 | 6.83 | 7.48 | 8.43 | 9.08 | 10.03 |
| Fibonacci | 5.83 | 6.44 | 6.82 | 7.43 | 8.04 | 8.42 | 9.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.12 | 4.16 | 5.40 | 7.44 | 8.68 | 10.72 | 11.96 |
| Camarilla | 5.73 | 6.03 | 6.33 | 6.63 | 6.93 | 7.23 | 7.53 |
| Woodie | 1.71 | 3.96 | 4.99 | 7.24 | 8.27 | 10.52 | 11.55 |
| Fibonacci | 4.16 | 5.42 | 6.19 | 7.44 | 8.70 | 9.47 | 10.72 |
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): | 37.71 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -3.70 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 7.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.86 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 7.93 | |
| Zig ZAG (10): | 7.60 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 13.56 | |
| TEMA (21): | 7.69 | |
| Williams %R (14): | -99.34 | |
| Chande Momentum Oscillator (20): | -0.24 | |
| Repulse (5,40,3): | -2.5300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 3.29 |
| MA7: | 7.83 | |
| MA20: | 7.57 | |
| MA50: | 7.44 | |
| MA100: | 7.20 | |
| MAexp7: | 7.71 | |
| MAexp20: | 7.76 | |
| MAexp50: | 7.81 | |
| MAexp100: | 7.82 | |
| Price / MA7: | -2.55% | |
| Price / MA20: | +0.79% | |
| Price / MA50: | +2.55% | |
| Price / MA100: | +5.97% | |
| Price / MAexp7: | -1.04% | |
| Price / MAexp20: | -1.68% | |
| Price / MAexp50: | -2.30% | |
| Price / MAexp100: | -2.43% |
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/USDT - 1H