CHAINLINK - LINK/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	LINKUSDT
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CHAINLINK - LINK/USDT - 1H - Technical analysis published on 05/25/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

28%

39%

33%

My opinion

Bullish above 16.93 USDT

My targets

17.59 USDT (+2.69%)

17.97 USDT (+4.90%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on CHAINLINK - LINK/USDT as long as the price remains well above 16.93 USDT. The buyers' bullish objective is set at 17.59 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 17.97 USDT. If there is any crossing, the next objective would be the resistance located at 18.97 USDT. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

2.9

Comment on the analysis

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 adhemar. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CHAINLINK - LINK/USDT rating 17.13 USDT. The price is lower by -0.70% since the last closing and was between 16.91 USDT and 17.26 USDT. This implies that the price is at +1.30% from its lowest and at -0.75% from its highest.

16.91

17.26

17.13

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CHAINLINK - LINK/USDT in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

On the 18 technical indicators analysed, 5 are bullish, 6 are neutral and 7 are bearish. The Central Indicators scanner found this result concerning these indicators:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	15.47	16.38	16.93	17.13	17.59	17.97	18.97
Change (%)	-9.69%	-4.38%	-1.17%	-	+2.69%	+4.90%	+10.74%
Change	-1.66	-0.75	-0.20	-	+0.46	+0.84	+1.84
Level	Intermediate	Intermediate	Major	-	Intermediate	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	15.65	16.10	16.68	17.13	17.71	18.16	18.74
Camarilla	16.97	17.06	17.16	17.25	17.34	17.44	17.53
Woodie	15.71	16.13	16.74	17.16	17.77	18.19	18.80
Fibonacci	16.10	16.50	16.74	17.13	17.53	17.77	18.16

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	49.75
MACD (12,26,9):	0.0500
Directional Movement:	-1.10
AROON (14):	-64.29
DEMA (21):	17.15
Parabolic SAR (0,02-0,02-0,2):	17.32
Elder Ray (13):	-0.07
Super Trend (3,10):	16.66
Zig ZAG (10):	17.04
VORTEX (21):	1.0400
Stochastique (14,3,5):	23.01
TEMA (21):	17.10
Williams %R (14):	-57.94
Chande Momentum Oscillator (20):	-0.09
Repulse (5,40,3):	-0.0100
ROCnROLL:	-1
TRIX (15,9):	0.0900
Courbe Coppock:	1.20

MA7:	16.84
MA20:	15.16
MA50:	14.98
MA100:	17.10
MAexp7:	17.07
MAexp20:	17.05
MAexp50:	16.90
MAexp100:	16.70
Price / MA7:	+1.72%
Price / MA20:	+12.99%
Price / MA50:	+14.35%
Price / MA100:	+0.18%
Price / MAexp7:	+0.35%
Price / MAexp20:	+0.47%
Price / MAexp50:	+1.36%
Price / MAexp100:	+2.57%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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