CHAINLINK - LINK/USDT - 1H - Technical analysis published on 12/26/2024 (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
11%
67%
22%
My opinion
Bearish under 23.65 USDT
My targets
22.71 USDT (-1.05%)
21.68 USDT (-5.53%)
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 23.65 USDT. The sellers' bearish objective is set at 22.71 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 21.68 USDT. In case of crossing, the next objective would be the support located at 20.09 USDT.
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
5.7
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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 22.95 USDT. The price is lower by -6.17% since the last closing and was traded between 22.88 USDT and 24.65 USDT over the period. The price is currently at +0.31% from its lowest and -6.90% from its highest.22.88
24.65
22.95
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHAINLINK - LINK/USDT indicates that the overall trend is bearish. 71.43% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 22.71 | 22.95 | 23.65 | 24.89 | 26.09 |
| Change (%) | -12.46% | -5.53% | -1.05% | - | +3.05% | +8.45% | +13.68% |
| Change | -2.86 | -1.27 | -0.24 | - | +0.70 | +1.94 | +3.14 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 21.99 | |
| MACD (12,26,9): | -0.3600 | |
| Directional Movement: | -31.32 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 23.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.70 | |
| Elder Ray (13): | -0.73 | |
| Super Trend (3,10): | 23.75 | |
| Zig ZAG (10): | 23.04 | |
| VORTEX (21): | 0.6700 | |
| Stochastique (14,3,5): | 7.37 | |
| TEMA (21): | 23.21 | |
| Williams %R (14): | -92.47 | |
| Chande Momentum Oscillator (20): | -1.36 | |
| Repulse (5,40,3): | -1.9500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 8.56 |
| MA7: | 23.56 | |
| MA20: | 25.28 | |
| MA50: | 20.36 | |
| MA100: | 15.87 | |
| MAexp7: | 23.45 | |
| MAexp20: | 23.97 | |
| MAexp50: | 24.16 | |
| MAexp100: | 24.08 | |
| Price / MA7: | -2.59% | |
| Price / MA20: | -9.22% | |
| Price / MA50: | +12.72% | |
| Price / MA100: | +44.61% | |
| Price / MAexp7: | -2.13% | |
| Price / MAexp20: | -4.26% | |
| Price / MAexp50: | -5.01% | |
| Price / MAexp100: | -4.69% |
Quotes :
-
Real time data
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Cryptocompare
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