CHAINLINK - LINK/USD
CHAINLINK - LINK/USD
10.67 USD (+5.23%)
Real time data - Cryptocompare
Open: 10.15
Change: +0.53
Volume: 102,631
Low: 9.95
High: 10.77
High / Low range: 0.82
Type: Cryptocurrencies
Ticker: LINKUSD
ISIN:

CHAINLINK - LINK/USD - Daily - Technical analysis published on 08/02/2020

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  • Timeframe : Daily
  • - Analysis generated on 2020-08-02 01:48:58
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 7.91 USD
My targets
8.47 USD (+2.29%)
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 8.47 USD. The bullish momentum would be boosted by a break in this resistance. 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, 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
7.9

This analysis was given by lokisynz1. Take part yourself by sharing additional analysis on another time unit:
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Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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

CHAINLINK - LINK/USD rating 8.28 USD. The price registered a decrease of -0.48% on the session and was between 8.24 USD and 8.39 USD. This implies that the price is at +0.49% from its lowest and at -1.31% from its highest.

8.24
8.39
8.28

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

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. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

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

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily


Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 4.52 7.24 7.91 8.28 8.47
Change (%) -45.41% -12.56% -4.47% - +2.29%
Change -3.76 -1.04 -0.37 - +0.19
Level Intermediate Minor Intermediate - Major



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
Standard7.017.337.838.158.658.979.46
Camarilla8.108.178.258.328.408.478.55
Woodie7.107.387.918.198.739.019.55
Fibonacci7.337.647.848.158.468.668.97


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.165.857.097.789.029.7110.94
Camarilla7.797.978.158.328.508.688.85
Woodie5.435.997.367.929.299.8411.21
Fibonacci5.856.597.047.788.528.979.71


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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 64.67
MACD (12,26,9): 0.5000
Directional Movement: 14.80
AROON (14): 35.72
DEMA (21): 8.12
Parabolic SAR (0,02-0,02-0,2): 6.58
Elder Ray (13): 0.67
Super Trend (3,10): 6.63
Zig ZAG (10): 8.27
VORTEX (21): 1.0800
Stochastique (14,3,5): 85.31
TEMA (21): 8.05
Williams %R (14): -10.33
Chande Momentum Oscillator (20): 0.68
Repulse (5,40,3): 8.2700
ROCnROLL: 1
TRIX (15,9): 1.2700
Courbe Coppock: 0.54
MA7: 7.61
MA20: 7.72
MA50: 5.99
MA100: 4.97
MAexp7: 7.83
MAexp20: 7.40
MAexp50: 6.38
MAexp100: 5.39
Price / MA7: +8.80%
Price / MA20: +7.25%
Price / MA50: +38.23%
Price / MA100: +66.60%
Price / MAexp7: +5.75%
Price / MAexp20: +11.89%
Price / MAexp50: +29.78%
Price / MAexp100: +53.62%

Quotes : 2020-08-02 01:48:43 - Real time data - Cryptocompare

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

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