CHAINLINK - LINK/USDT - 15 min. - Technical analysis published on 12/26/2024 (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:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 24.75 USDT
My targets
23.94 USDT (-0.73%)
23.43 USDT (-2.87%)
My analysis
The bearish trend is currently very strong for CHAINLINK - LINK/USDT. As long as the price remains below the resistance at 24.75 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 23.94 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 23.43 USDT as an objective. Crossing it would then enable sellers to target 22.62 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.
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
7.3
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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 24.12 USDT. The price registered a decrease of -1.39% on the session and was traded between 24.06 USDT and 24.65 USDT over the period. The price is currently at +0.25% from its lowest and -2.15% from its highest.24.06
24.65
24.12
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHAINLINK - LINK/USDT:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CHAINLINK - LINK/USDT in 15 min. shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.09 | 21.68 | 23.65 | 24.12 | 24.90 | 26.09 | 27.48 |
| Change (%) | -16.71% | -10.12% | -1.95% | - | +3.23% | +8.17% | +13.93% |
| Change | -4.03 | -2.44 | -0.47 | - | +0.78 | +1.97 | +3.36 |
| Level | Minor | Major | Minor | - | Major | Minor | 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 | 22.62 | 23.43 | 23.94 | 24.75 | 25.26 | 26.07 | 26.58 |
| Camarilla | 24.10 | 24.22 | 24.34 | 24.46 | 24.58 | 24.70 | 24.82 |
| Woodie | 22.48 | 23.36 | 23.80 | 24.68 | 25.12 | 26.00 | 26.44 |
| Fibonacci | 23.43 | 23.93 | 24.24 | 24.75 | 25.25 | 25.56 | 26.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.25 | 13.67 | 17.89 | 24.31 | 28.53 | 34.95 | 39.17 |
| Camarilla | 19.18 | 20.16 | 21.14 | 22.11 | 23.09 | 24.06 | 25.04 |
| Woodie | 6.15 | 13.12 | 16.79 | 23.76 | 27.43 | 34.40 | 38.07 |
| Fibonacci | 13.67 | 17.73 | 20.25 | 24.31 | 28.37 | 30.89 | 34.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.86 | 9.47 | 14.23 | 16.84 | 21.60 | 24.21 | 28.97 |
| Camarilla | 16.97 | 17.65 | 18.32 | 19.00 | 19.68 | 20.35 | 21.03 |
| Woodie | 7.95 | 10.01 | 15.32 | 17.38 | 22.69 | 24.75 | 30.06 |
| Fibonacci | 9.47 | 12.28 | 14.02 | 16.84 | 19.65 | 21.39 | 24.21 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.88 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -11.71 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 24.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.63 | |
| Elder Ray (13): | -0.15 | |
| Super Trend (3,10): | 24.55 | |
| Zig ZAG (10): | 24.27 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 4.58 | |
| TEMA (21): | 24.34 | |
| Williams %R (14): | -93.18 | |
| Chande Momentum Oscillator (20): | -0.14 | |
| Repulse (5,40,3): | -0.4800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.68 |
| MA7: | 23.75 | |
| MA20: | 25.35 | |
| MA50: | 20.39 | |
| MA100: | 15.88 | |
| MAexp7: | 24.30 | |
| MAexp20: | 24.41 | |
| MAexp50: | 24.52 | |
| MAexp100: | 24.59 | |
| Price / MA7: | +1.56% | |
| Price / MA20: | -4.85% | |
| Price / MA50: | +18.29% | |
| Price / MA100: | +51.89% | |
| Price / MAexp7: | -0.74% | |
| Price / MAexp20: | -1.19% | |
| Price / MAexp50: | -1.63% | |
| Price / MAexp100: | -1.91% |
Quotes :
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Real time data
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Cryptocompare
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