CHAINLINK - LINK/USDT - 1H - Technical analysis published on 01/18/2025 (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
50%
11%
39%
My opinion
Bullish above 23.80 USDT
My targets
25.37 USDT (+3.72%)
26.76 USDT (+9.40%)
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 23.80 USDT. The buyers' bullish objective is set at 25.37 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 26.76 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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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 24.46 USDT. The price registered a decrease of -2.59% on the session and was traded between 23.56 USDT and 25.60 USDT over the period. The price is currently at +3.82% from its lowest and -4.45% from its highest.23.56
25.60
24.46
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHAINLINK - LINK/USDT in 1H shows a strongly overall bullish trend. 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 scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Upside gap
Type : Bullish
Timeframe : 1 hour
Bearish doji star
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 21.68 | 23.80 | 24.35 | 24.46 | 25.37 | 29.48 |
| Change (%) | -11.37% | -2.70% | -0.45% | - | +3.72% | +20.52% |
| Change | -2.78 | -0.66 | -0.11 | - | +0.91 | +5.02 |
| Level | Major | Intermediate | Intermediate | - | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.50 | 22.26 | 23.68 | 24.44 | 25.86 | 26.62 | 28.04 |
| Camarilla | 24.51 | 24.71 | 24.91 | 25.11 | 25.31 | 25.51 | 25.71 |
| Woodie | 21.84 | 22.43 | 24.02 | 24.61 | 26.20 | 26.79 | 28.38 |
| Fibonacci | 22.26 | 23.09 | 23.60 | 24.44 | 25.27 | 25.78 | 26.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.68 | 15.96 | 18.08 | 21.36 | 23.48 | 26.76 | 28.88 |
| Camarilla | 18.72 | 19.21 | 19.71 | 20.20 | 20.70 | 21.19 | 21.69 |
| Woodie | 12.10 | 15.67 | 17.50 | 21.07 | 22.90 | 26.47 | 28.30 |
| Fibonacci | 15.96 | 18.02 | 19.30 | 21.36 | 23.42 | 24.70 | 26.76 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.74 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 1.72 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 24.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.58 | |
| Elder Ray (13): | 0.18 | |
| Super Trend (3,10): | 24.99 | |
| Zig ZAG (10): | 24.53 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 41.01 | |
| TEMA (21): | 24.27 | |
| Williams %R (14): | -46.08 | |
| Chande Momentum Oscillator (20): | -0.33 | |
| Repulse (5,40,3): | 1.9700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 5.13 |
| MA7: | 22.06 | |
| MA20: | 21.76 | |
| MA50: | 23.30 | |
| MA100: | 18.23 | |
| MAexp7: | 24.37 | |
| MAexp20: | 24.34 | |
| MAexp50: | 23.84 | |
| MAexp100: | 22.88 | |
| Price / MA7: | +10.88% | |
| Price / MA20: | +12.41% | |
| Price / MA50: | +4.98% | |
| Price / MA100: | +34.17% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | +0.49% | |
| Price / MAexp50: | +2.60% | |
| Price / MAexp100: | +6.91% |
Quotes :
-
Real time data
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