CHAINLINK - LINK/USDT - 1H - Technical analysis published on 12/06/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 2.07 USDT
My targets
2.13 USDT (+1.91%)
2.25 USDT (+7.66%)
My analysis
CHAINLINK - LINK/USDT is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 2.07 USDT, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 2.13 USDT. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 2.25 USDT would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 2.37 USDT. Beware of a possible return to under the support located at 2.07 USDT which would be the sign of a correction of the bullish excesses registered in the short term.
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
5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHAINLINK - LINK/USDT rating is 2.09 USDT. The price registered an increase of +3.98% on the session and was between 1.97 USDT and 2.10 USDT. This implies that the price is at +6.09% from its lowest and at -0.48% from its highest.1.97
2.10
2.09
Here is a more detailed summary of the historical variations registered by CHAINLINK - LINK/USDT:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CHAINLINK - LINK/USDT in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.96 | 2.00 | 2.07 | 2.09 | 2.13 | 2.25 | 2.37 |
| Change (%) | -6.22% | -4.31% | -0.96% | - | +1.91% | +7.66% | +13.40% |
| Change | -0.13 | -0.09 | -0.02 | - | +0.04 | +0.16 | +0.28 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Intermediate |
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 | 1.84 | 1.90 | 1.95 | 2.01 | 2.07 | 2.13 | 2.18 |
| Camarilla | 1.98 | 1.99 | 2.00 | 2.01 | 2.02 | 2.03 | 2.04 |
| Woodie | 1.84 | 1.90 | 1.95 | 2.01 | 2.06 | 2.13 | 2.18 |
| Fibonacci | 1.90 | 1.94 | 1.97 | 2.01 | 2.06 | 2.08 | 2.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.63 | 1.83 | 2.03 | 2.23 | 2.44 | 2.64 | 2.84 |
| Camarilla | 2.13 | 2.16 | 2.20 | 2.24 | 2.28 | 2.31 | 2.35 |
| Woodie | 1.63 | 1.83 | 2.04 | 2.24 | 2.44 | 2.64 | 2.85 |
| Fibonacci | 1.83 | 1.98 | 2.08 | 2.23 | 2.39 | 2.49 | 2.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.67 | 1.35 | 1.79 | 2.48 | 2.92 | 3.60 | 4.05 |
| Camarilla | 1.93 | 2.03 | 2.14 | 2.24 | 2.34 | 2.45 | 2.55 |
| Woodie | 0.55 | 1.29 | 1.68 | 2.42 | 2.80 | 3.54 | 3.93 |
| Fibonacci | 1.35 | 1.78 | 2.04 | 2.48 | 2.91 | 3.17 | 3.60 |
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): | 63.75 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 16.67 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 2.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.97 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 1.99 | |
| Zig ZAG (10): | 2.08 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 84.54 | |
| TEMA (21): | 2.04 | |
| Williams %R (14): | -7.81 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | 4.4400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 2.23 |
| MA7: | 2.11 | |
| MA20: | 2.34 | |
| MA50: | 2.56 | |
| MA100: | 2.25 | |
| MAexp7: | 2.05 | |
| MAexp20: | 2.02 | |
| MAexp50: | 2.03 | |
| MAexp100: | 2.06 | |
| Price / MA7: | -0.95% | |
| Price / MA20: | -10.68% | |
| Price / MA50: | -18.36% | |
| Price / MA100: | -7.11% | |
| Price / MAexp7: | +1.95% | |
| Price / MAexp20: | +3.47% | |
| Price / MAexp50: | +2.96% | |
| Price / MAexp100: | +1.46% |
This member declared not having a position on this financial instrument or a related financial instrument.
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