CHAINLINK - LINK/USDT - 1H - Technical analysis published on 01/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 7.10 USDT
My targets
7.54 USDT (+4.29%)
8.08 USDT (+11.76%)
My analysis
CHAINLINK - LINK/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.10 USDT. The next resistance located at 7.54 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 8.08 USDT. After this resistance, buyers could then target 9.08 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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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 price is 7.23 USDT. On the day, this instrument gained +0.84% and was traded between 6.93 USDT and 7.37 USDT over the period. The price is currently at +4.33% from its lowest and -1.90% from its highest.6.93
7.37
7.23
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHAINLINK - LINK/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed 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, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
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 resistance
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.67 | 6.84 | 7.10 | 7.23 | 7.25 | 8.08 | 9.08 |
| Change (%) | -7.75% | -5.39% | -1.80% | - | +0.28% | +11.76% | +25.59% |
| Change | -0.56 | -0.39 | -0.13 | - | +0.02 | +0.85 | +1.85 |
| Level | Major | Major | Intermediate | - | Intermediate | Intermediate | Major |
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 | 6.45 | 6.64 | 6.91 | 7.10 | 7.37 | 7.56 | 7.83 |
| Camarilla | 7.04 | 7.09 | 7.13 | 7.17 | 7.21 | 7.25 | 7.30 |
| Woodie | 6.48 | 6.66 | 6.94 | 7.12 | 7.40 | 7.58 | 7.86 |
| Fibonacci | 6.64 | 6.82 | 6.93 | 7.10 | 7.28 | 7.39 | 7.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.64 | 5.98 | 6.42 | 6.76 | 7.20 | 7.54 | 7.98 |
| Camarilla | 6.65 | 6.72 | 6.79 | 6.86 | 6.93 | 7.00 | 7.08 |
| Woodie | 5.69 | 6.01 | 6.47 | 6.79 | 7.25 | 7.57 | 8.03 |
| Fibonacci | 5.98 | 6.28 | 6.46 | 6.76 | 7.06 | 7.24 | 7.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.31 | 4.36 | 4.96 | 6.01 | 6.61 | 7.66 | 8.26 |
| Camarilla | 5.12 | 5.27 | 5.42 | 5.57 | 5.72 | 5.87 | 6.02 |
| Woodie | 3.10 | 4.25 | 4.75 | 5.90 | 6.40 | 7.55 | 8.05 |
| Fibonacci | 4.36 | 4.99 | 5.38 | 6.01 | 6.64 | 7.03 | 7.66 |
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): | 63.87 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 25.45 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 7.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.96 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 6.99 | |
| Zig ZAG (10): | 7.25 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 78.35 | |
| TEMA (21): | 7.23 | |
| Williams %R (14): | -30.50 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | 0.3100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 2.45 |
| MA7: | 6.98 | |
| MA20: | 6.66 | |
| MA50: | 6.28 | |
| MA100: | 6.68 | |
| MAexp7: | 7.20 | |
| MAexp20: | 7.12 | |
| MAexp50: | 7.03 | |
| MAexp100: | 6.97 | |
| Price / MA7: | +3.58% | |
| Price / MA20: | +8.56% | |
| Price / MA50: | +15.13% | |
| Price / MA100: | +8.23% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +1.54% | |
| Price / MAexp50: | +2.84% | |
| Price / MAexp100: | +3.73% |
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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