CHAINLINK - LINK/USD
CHAINLINK - LINK/USD
10.55 USD (+4.04%)
Real time data - Cryptocompare
Open: 10.15
Change: +0.41
Volume: 85,183
Low: 9.95
High: 10.60
High / Low range: 0.65
Type: Cryptocurrencies
Ticker: LINKUSD
ISIN:

CHAINLINK - LINK/USD - Daily - Technical analysis published on 08/01/2020

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  • Timeframe : Daily
  • - Analysis generated on 2020-08-01 21:33:02
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 7.91 USD
My targets
9.61 USD (+15.91%)
11.41 USD (+37.61%)
My analysis
The bullish trend is currently very strong on CHAINLINK - LINK/USD. As long as the price remains above the support at 7.91 USD, you could try to benefit from the boom. The first bullish objective is located at 9.61 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.41 USD as an objective. Crossing it would then enable buyers to target 13.95 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4

This analysis was given by lokisynz1. Take part yourself by sharing additional analysis on another time unit:
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Additional analysis

Quotes

The CHAINLINK - LINK/USD rating is 8.29 USD. The price registered an increase of +6.15% on the session and was traded between 7.65 USD and 8.36 USD over the period. The price is currently at +8.37% from its lowest and -0.84% from its highest.

7.65
8.36
8.29

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this Daily chart of CHAINLINK - LINK/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily



An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



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:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 4.52 7.24 7.91 8.29 8.47
Change (%) -45.48% -12.67% -4.58% - +2.17%
Change -3.77 -1.05 -0.38 - +0.18
Level Intermediate Minor 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
Standard7.097.267.537.707.988.158.43
Camarilla7.697.737.777.817.857.897.93
Woodie7.147.287.597.738.048.188.48
Fibonacci7.267.437.537.707.877.988.15


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.086.617.147.678.218.749.28
Camarilla7.397.487.587.687.787.877.97
Woodie6.086.617.157.688.218.749.28
Fibonacci6.617.027.277.678.088.338.74


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.932.725.277.079.6111.4113.95
Camarilla6.627.027.417.818.218.619.01
Woodie1.302.915.647.259.9811.5914.32
Fibonacci2.724.385.417.078.729.7511.41

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): 64.91
MACD (12,26,9): 0.4800
Directional Movement: 13.96
AROON (14): 35.71
DEMA (21): 8.00
Parabolic SAR (0,02-0,02-0,2): 6.54
Elder Ray (13): 0.48
Super Trend (3,10): 6.41
Zig ZAG (10): 8.25
VORTEX (21): 1.0600
Stochastique (14,3,5): 69.14
TEMA (21): 7.89
Williams %R (14): -9.30
Chande Momentum Oscillator (20): 0.95
Repulse (5,40,3): 11.2500
ROCnROLL: 1
TRIX (15,9): 1.3200
Courbe Coppock: 2.42
MA7: 7.49
MA20: 7.67
MA50: 5.91
MA100: 4.93
MAexp7: 7.67
MAexp20: 7.30
MAexp50: 6.30
MAexp100: 5.33
Price / MA7: +10.68%
Price / MA20: +8.08%
Price / MA50: +40.27%
Price / MA100: +68.15%
Price / MAexp7: +8.08%
Price / MAexp20: +13.56%
Price / MAexp50: +31.59%
Price / MAexp100: +55.53%

Quotes : 2020-08-01 21:32:50 - Real time data - Cryptocompare

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

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