CHAINLINK - LINK/USDT - 1H - Technical analysis published on 01/04/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 23.22 USDT
My targets
23.86 USDT (+1.92%)
25.42 USDT (+8.59%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHAINLINK - LINK/USDT as long as the price remains well above 23.22 USDT. The buyers' bullish objective is set at 23.86 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 25.42 USDT. If there is any crossing, the next objective would be the resistance located at 29.48 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.5
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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 rating is 23.41 USDT. On the day, this instrument gained +0.04% and was between 22.92 USDT and 23.86 USDT. This implies that the price is at +2.14% from its lowest and at -1.89% from its highest.22.92
23.86
23.41
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
New HIGH record (1st january)
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 moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.68 | 22.33 | 23.22 | 23.41 | 23.86 | 25.42 | 29.48 |
| Change (%) | -7.39% | -4.61% | -0.81% | - | +1.92% | +8.59% | +25.93% |
| Change | -1.73 | -1.08 | -0.19 | - | +0.45 | +2.01 | +6.07 |
| Level | Major | Minor | Minor | - | Intermediate | Intermediate | 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 | 19.97 | 20.84 | 22.12 | 22.99 | 24.27 | 25.14 | 26.42 |
| Camarilla | 22.81 | 23.01 | 23.20 | 23.40 | 23.60 | 23.79 | 23.99 |
| Woodie | 20.18 | 20.94 | 22.33 | 23.09 | 24.48 | 25.24 | 26.63 |
| Fibonacci | 20.84 | 21.66 | 22.17 | 22.99 | 23.81 | 24.32 | 25.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.24 | 18.17 | 20.09 | 23.02 | 24.94 | 27.87 | 29.79 |
| Camarilla | 20.68 | 21.12 | 21.57 | 22.01 | 22.46 | 22.90 | 23.34 |
| Woodie | 14.74 | 17.92 | 19.59 | 22.77 | 24.44 | 27.62 | 29.29 |
| Fibonacci | 18.17 | 20.02 | 21.17 | 23.02 | 24.87 | 26.02 | 27.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.10 | 10.77 | 15.41 | 23.08 | 27.72 | 35.39 | 40.03 |
| Camarilla | 16.66 | 17.78 | 18.91 | 20.04 | 21.17 | 22.30 | 23.43 |
| Woodie | 1.58 | 10.01 | 13.89 | 22.32 | 26.20 | 34.63 | 38.51 |
| Fibonacci | 10.77 | 15.48 | 18.38 | 23.08 | 27.79 | 30.69 | 35.39 |
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): | 51.72 | |
| MACD (12,26,9): | 0.1300 | |
| Directional Movement: | 2.55 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 23.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.08 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 23.18 | |
| Zig ZAG (10): | 23.22 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 49.90 | |
| TEMA (21): | 23.33 | |
| Williams %R (14): | -69.15 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | -1.4800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 0.40 |
| MA7: | 21.71 | |
| MA20: | 23.23 | |
| MA50: | 21.80 | |
| MA100: | 16.78 | |
| MAexp7: | 23.32 | |
| MAexp20: | 23.24 | |
| MAexp50: | 22.83 | |
| MAexp100: | 22.36 | |
| Price / MA7: | +7.83% | |
| Price / MA20: | +0.77% | |
| Price / MA50: | +7.39% | |
| Price / MA100: | +39.51% | |
| Price / MAexp7: | +0.39% | |
| Price / MAexp20: | +0.73% | |
| Price / MAexp50: | +2.54% | |
| Price / MAexp100: | +4.70% |
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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