CHAINLINK - LINK/USD - Daily - Technical analysis published on 07/31/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 7.24 USD
My targets
7.91 USD (+5.47%)
8.47 USD (+12.93%)
My analysis
The basic bullish trend is very strong on CHAINLINK - LINK/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 7.24 USD. Crossing the first resistance at 7.91 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 8.47 USD as an objective. Caution, a return to below 7.24 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.7
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This analysis was given by lokisynz1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHAINLINK - LINK/USD rating is 7.50 USD. On the day, this instrument gained +1.08% with the lowest point at 7.43 USD and the highest point at 7.87 USD. The deviation from the price is +0.94% for the low point and -4.70% for the high point.7.43
7.87
7.50
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CHAINLINK - LINK/USD in Daily 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 detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3.85 | 4.52 | 7.24 | 7.50 | 7.91 | 8.47 |
| Change (%) | -48.67% | -39.73% | -3.47% | - | +5.47% | +12.93% |
| Change | -3.65 | -2.98 | -0.26 | - | +0.41 | +0.97 |
| Level | Major | Intermediate | Minor | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.69 | 6.86 | 7.14 | 7.32 | 7.60 | 7.77 | 8.05 |
| Camarilla | 7.30 | 7.34 | 7.38 | 7.42 | 7.46 | 7.51 | 7.55 |
| Woodie | 6.74 | 6.89 | 7.20 | 7.34 | 7.65 | 7.80 | 8.10 |
| Fibonacci | 6.86 | 7.04 | 7.14 | 7.32 | 7.49 | 7.60 | 7.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.08 | 6.61 | 7.14 | 7.67 | 8.21 | 8.74 | 9.28 |
| Camarilla | 7.39 | 7.48 | 7.58 | 7.68 | 7.78 | 7.87 | 7.97 |
| Woodie | 6.08 | 6.61 | 7.15 | 7.68 | 8.21 | 8.74 | 9.28 |
| Fibonacci | 6.61 | 7.02 | 7.27 | 7.67 | 8.08 | 8.33 | 8.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.52 | 3.08 | 3.82 | 4.39 | 5.13 | 5.70 | 6.44 |
| Camarilla | 4.21 | 4.33 | 4.45 | 4.57 | 4.69 | 4.81 | 4.93 |
| Woodie | 2.60 | 3.13 | 3.91 | 4.44 | 5.22 | 5.74 | 6.53 |
| Fibonacci | 3.08 | 3.58 | 3.89 | 4.39 | 4.89 | 5.20 | 5.70 |
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): | 59.25 | |
| MACD (12,26,9): | 0.4300 | |
| Directional Movement: | 8.72 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 7.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.32 | |
| Elder Ray (13): | 0.27 | |
| Super Trend (3,10): | 6.41 | |
| Zig ZAG (10): | 7.68 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 43.96 | |
| TEMA (21): | 7.72 | |
| Williams %R (14): | -33.78 | |
| Chande Momentum Oscillator (20): | -0.41 | |
| Repulse (5,40,3): | 4.6100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.3900 | |
| Courbe Coppock: | 3.07 |
| MA7: | 7.39 | |
| MA20: | 7.56 | |
| MA50: | 5.82 | |
| MA100: | 4.88 | |
| MAexp7: | 7.43 | |
| MAexp20: | 7.19 | |
| MAexp50: | 6.21 | |
| MAexp100: | 5.27 | |
| Price / MA7: | +1.49% | |
| Price / MA20: | -0.79% | |
| Price / MA50: | +28.87% | |
| Price / MA100: | +53.69% | |
| Price / MAexp7: | +0.94% | |
| Price / MAexp20: | +4.31% | |
| Price / MAexp50: | +20.77% | |
| Price / MAexp100: | +42.31% |
Quotes :
2020-07-31 16:14:03
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Real time data
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