CHAINLINK (X100) - LINK/BTC
CHAINLINK (X100) - LINK/BTC
- BTC (-)
- Real time data - Cryptocompare
Open: -
Change: -
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Type: Cryptocurrencies
Ticker: LINKBTC
ISIN:

CHAINLINK (X100) - LINK/BTC - 1H - Technical analysis published on 01/14/2022 (GMT)

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 0.058720 BTC
My targets
0.055191 BTC (-4.29%)
0.053853 BTC (-6.61%)
My analysis
CHAINLINK (X100) - LINK/BTC is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.058720 BTC. The next support located at 0.055191 BTC is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.053853 BTC. Below this support, sellers could then target 0.052325 BTC. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.3

This analysis was given by acruciani. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

The CHAINLINK (X100) - LINK/BTC price is 0.057667 BTC. The price registered a decrease of -1.20% on the session and was traded between 0.057107 BTC and 0.059291 BTC over the period. The price is currently at +0.98% from its lowest and -2.74% from its highest.

0.057107
0.059291
0.057667

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

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:

Technical


Technical analysis of CHAINLINK (X100) - LINK/BTC in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.053853 0.055191 0.057469 0.057667 0.058720 0.062658 0.066123
Change (%) -6.61% -4.29% -0.34% - +1.83% +8.65% +14.66%
Change -0.003814 -0.002476 -0.000198 - +0.001053 +0.004991 +0.008456
Level Major Intermediate Intermediate - Intermediate Intermediate Major



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
Standard0.0534250.0554470.0569070.0589290.0603890.0624110.063871
Camarilla0.0574100.0577290.0580480.0583670.0586860.0590050.059325
Woodie0.0531440.0553070.0566260.0587890.0601080.0622710.063590
Fibonacci0.0554470.0567770.0575990.0589290.0602590.0610810.062411


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0260250.0347000.0477510.0564260.0694770.0781520.091203
Camarilla0.0548260.0568180.0588100.0608010.0627930.0647840.066776
Woodie0.0282120.0357940.0499380.0575200.0716640.0792460.093390
Fibonacci0.0347000.0430000.0481270.0564260.0647260.0698530.078152


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0243170.0299620.0361160.0417610.0479150.0535600.059714
Camarilla0.0390250.0401070.0411880.0422700.0433520.0444330.045515
Woodie0.0245720.0300890.0363710.0418880.0481700.0536870.059969
Fibonacci0.0299620.0344690.0372540.0417610.0462680.0490530.053560

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): 39.35
MACD (12,26,9): -0.0004
Directional Movement: -13.287069
AROON (14): -42.857143
DEMA (21): 0.057365
Parabolic SAR (0,02-0,02-0,2): 0.058076
Elder Ray (13): -0.000240
Super Trend (3,10): 0.058930
Zig ZAG (10): 0.057503
VORTEX (21): 0.9087
Stochastique (14,3,5): 25.60
TEMA (21): 0.057453
Williams %R (14): -72.30
Chande Momentum Oscillator (20): -0.000859
Repulse (5,40,3): 0.1087
ROCnROLL: 2
TRIX (15,9): -0.1108
Courbe Coppock: 3.35
MA7: 0.061797
MA20: 0.053218
MA50: 0.046281
MA100: 0.047381
MAexp7: 0.057617
MAexp20: 0.057972
MAexp50: 0.058997
MAexp100: 0.060116
Price / MA7: -6.68%
Price / MA20: +8.36%
Price / MA50: +24.60%
Price / MA100: +21.71%
Price / MAexp7: +0.09%
Price / MAexp20: -0.53%
Price / MAexp50: -2.25%
Price / MAexp100: -4.07%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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