CHAINLINK - LINK/USDT - 1H - Technical analysis published on 12/03/2022 (GMT)
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- 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 bearish
Underlying:
Bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 7.51 USDT
My targets
7.26 USDT (-2.16%)
7.00 USDT (-5.66%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHAINLINK - LINK/USDT as long as the price remains well below 7.51 USDT. The sellers' bearish objective is set at 7.26 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.00 USDT. In case of crossing, the next objective would be the support located at 6.66 USDT.
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
5.5
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This analysis was given by adhemar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHAINLINK - LINK/USDT rating is 7.42 USDT. On the day, this instrument lost -2.50% and was between 7.37 USDT and 7.62 USDT. This implies that the price is at +0.68% from its lowest and at -2.62% from its highest.7.37
7.62
7.42
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
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 CHAINLINK - LINK/USDT in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
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
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Three black crows
Type : Bearish
Timeframe : 1 hour
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): | 36.33 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -13.60 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 7.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.55 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 7.61 | |
| Zig ZAG (10): | 7.45 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 6.92 | |
| TEMA (21): | 7.46 | |
| Williams %R (14): | -99.47 | |
| Chande Momentum Oscillator (20): | -0.09 | |
| Repulse (5,40,3): | -0.9500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 2.54 |
| MA7: | 7.40 | |
| MA20: | 6.74 | |
| MA50: | 7.08 | |
| MA100: | 7.20 | |
| MAexp7: | 7.48 | |
| MAexp20: | 7.54 | |
| MAexp50: | 7.55 | |
| MAexp100: | 7.47 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | +10.09% | |
| Price / MA50: | +4.80% | |
| Price / MA100: | +3.06% | |
| Price / MAexp7: | -0.80% | |
| Price / MAexp20: | -1.59% | |
| Price / MAexp50: | -1.72% | |
| Price / MAexp100: | -0.67% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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