CHAINLINK - LINK/USDT - 15 min. - Technical analysis published on 12/03/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 7.51 USDT
My targets
7.40 USDT (-0.23%)
7.30 USDT (-1.66%)
My analysis
The bearish trend is currently very strong for CHAINLINK - LINK/USDT. As long as the price remains below the resistance at 7.51 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 7.40 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.30 USDT as an objective. Crossing it would then enable sellers to target 7.26 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by adhemar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHAINLINK - LINK/USDT rating 7.42 USDT. On the day, this instrument lost -2.50% with the lowest point at 7.37 USDT and the highest point at 7.62 USDT. The deviation from the price is +0.68% for the low point and -2.62% for the high point.7.37
7.62
7.42
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 15 min. chart of CHAINLINK - LINK/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 15 minutes
On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Three black crows
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.66 | 7.00 | 7.26 | 7.42 | 7.51 | 7.66 | 7.80 |
| Change (%) | -10.24% | -5.66% | -2.16% | - | +1.21% | +3.23% | +5.12% |
| Change | -0.76 | -0.42 | -0.16 | - | +0.09 | +0.24 | +0.38 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | 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 | 7.30 | 7.40 | 7.51 | 7.61 | 7.72 | 7.82 | 7.93 |
| Camarilla | 7.55 | 7.57 | 7.59 | 7.61 | 7.63 | 7.65 | 7.67 |
| Woodie | 7.30 | 7.40 | 7.51 | 7.61 | 7.72 | 7.82 | 7.93 |
| Fibonacci | 7.40 | 7.48 | 7.53 | 7.61 | 7.69 | 7.74 | 7.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.31 | 4.93 | 6.04 | 6.66 | 7.77 | 8.39 | 9.50 |
| Camarilla | 6.67 | 6.83 | 6.99 | 7.15 | 7.31 | 7.47 | 7.63 |
| Woodie | 4.56 | 5.05 | 6.29 | 6.78 | 8.02 | 8.51 | 9.75 |
| Fibonacci | 4.93 | 5.59 | 6.00 | 6.66 | 7.32 | 7.73 | 8.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.86 | 3.70 | 5.69 | 7.53 | 9.52 | 11.36 | 13.35 |
| Camarilla | 6.62 | 6.97 | 7.32 | 7.67 | 8.02 | 8.37 | 8.72 |
| Woodie | 1.93 | 3.74 | 5.76 | 7.57 | 9.59 | 11.40 | 13.42 |
| Fibonacci | 3.70 | 5.17 | 6.07 | 7.53 | 9.00 | 9.90 | 11.36 |
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): | 33.99 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -20.76 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 7.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.51 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 7.51 | |
| Zig ZAG (10): | 7.45 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 13.39 | |
| TEMA (21): | 7.46 | |
| Williams %R (14): | -98.63 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | -0.5700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.24 |
| MA7: | 7.40 | |
| MA20: | 6.74 | |
| MA50: | 7.08 | |
| MA100: | 7.20 | |
| MAexp7: | 7.47 | |
| MAexp20: | 7.49 | |
| MAexp50: | 7.53 | |
| MAexp100: | 7.55 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | +10.09% | |
| Price / MA50: | +4.80% | |
| Price / MA100: | +3.06% | |
| Price / MAexp7: | -0.67% | |
| Price / MAexp20: | -0.93% | |
| Price / MAexp50: | -1.46% | |
| Price / MAexp100: | -1.72% |
Quotes :
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Real time data
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