CHAINLINK - LINK/USDT - 15 min. - Technical analysis published on 05/21/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 17.03 USDT
My targets
16.60 USDT (-0.48%)
15.94 USDT (-4.44%)
My analysis
In the short term, we can see an acceleration in the bearish trend on CHAINLINK - LINK/USDT, which is a positive signal for sellers. As long as the price remains above 17.03 USDT, a sale could be considered. The first bearish objective is located at 16.60 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 15.94 USDT as an objective. Crossing it would then enable sellers to target 15.51 USDT. If the price were to return above 17.03 USDT, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.6
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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 16.68 USDT. The price is lower by -3.36% since the last closing with the lowest point at 16.56 USDT and the highest point at 17.43 USDT. The deviation from the price is +0.72% for the low point and -4.30% for the high point.16.56
17.43
16.68
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of CHAINLINK - LINK/USDT indicates that the overall trend is bearish. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bearish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.49 | 15.47 | 16.38 | 16.68 | 16.93 | 17.97 | 18.97 |
| Change (%) | -13.13% | -7.25% | -1.80% | - | +1.50% | +7.73% | +13.73% |
| Change | -2.19 | -1.21 | -0.30 | - | +0.25 | +1.29 | +2.29 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.51 | 15.94 | 16.60 | 17.03 | 17.69 | 18.12 | 18.78 |
| Camarilla | 16.96 | 17.06 | 17.16 | 17.26 | 17.36 | 17.46 | 17.56 |
| Woodie | 15.63 | 16.00 | 16.72 | 17.09 | 17.81 | 18.18 | 18.90 |
| Fibonacci | 15.94 | 16.36 | 16.61 | 17.03 | 17.45 | 17.70 | 18.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.94 | 11.39 | 13.86 | 15.31 | 17.78 | 19.23 | 21.70 |
| Camarilla | 15.25 | 15.61 | 15.97 | 16.33 | 16.69 | 17.05 | 17.41 |
| Woodie | 10.45 | 11.65 | 14.37 | 15.57 | 18.29 | 19.49 | 22.21 |
| Fibonacci | 11.39 | 12.89 | 13.81 | 15.31 | 16.81 | 17.73 | 19.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.73 | 7.83 | 10.48 | 14.58 | 17.23 | 21.33 | 23.98 |
| Camarilla | 11.27 | 11.89 | 12.51 | 13.13 | 13.75 | 14.37 | 14.99 |
| Woodie | 3.01 | 7.47 | 9.76 | 14.22 | 16.51 | 20.97 | 23.26 |
| Fibonacci | 7.83 | 10.41 | 12.00 | 14.58 | 17.16 | 18.75 | 21.33 |
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): | 41.43 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -10.16 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 16.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.02 | |
| Elder Ray (13): | -0.11 | |
| Super Trend (3,10): | 17.03 | |
| Zig ZAG (10): | 16.68 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 23.92 | |
| TEMA (21): | 16.71 | |
| Williams %R (14): | -77.49 | |
| Chande Momentum Oscillator (20): | -0.25 | |
| Repulse (5,40,3): | -0.3400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.90 |
| MA7: | 16.06 | |
| MA20: | 14.61 | |
| MA50: | 15.05 | |
| MA100: | 17.23 | |
| MAexp7: | 16.73 | |
| MAexp20: | 16.81 | |
| MAexp50: | 16.87 | |
| MAexp100: | 16.87 | |
| Price / MA7: | +3.86% | |
| Price / MA20: | +14.17% | |
| Price / MA50: | +10.83% | |
| Price / MA100: | -3.19% | |
| Price / MAexp7: | -0.30% | |
| Price / MAexp20: | -0.77% | |
| Price / MAexp50: | -1.13% | |
| Price / MAexp100: | -1.13% |
Quotes :
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Real time data
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