CHAINLINK - LINK/USD - Daily - Technical analysis published on 08/02/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- 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
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This analysis was given by lokisynz1. Take part yourself by sharing additional analysis on another time unit:
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.
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 7.01 | 7.33 | 7.83 | 8.15 | 8.65 | 8.97 | 9.46 |
| Camarilla | 8.10 | 8.17 | 8.25 | 8.32 | 8.40 | 8.47 | 8.55 |
| Woodie | 7.10 | 7.38 | 7.91 | 8.19 | 8.73 | 9.01 | 9.55 |
| Fibonacci | 7.33 | 7.64 | 7.84 | 8.15 | 8.46 | 8.66 | 8.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.16 | 5.85 | 7.09 | 7.78 | 9.02 | 9.71 | 10.94 |
| Camarilla | 7.79 | 7.97 | 8.15 | 8.32 | 8.50 | 8.68 | 8.85 |
| Woodie | 5.43 | 5.99 | 7.36 | 7.92 | 9.29 | 9.84 | 11.21 |
| Fibonacci | 5.85 | 6.59 | 7.04 | 7.78 | 8.52 | 8.97 | 9.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.93 | 2.72 | 5.27 | 7.07 | 9.61 | 11.41 | 13.95 |
| Camarilla | 6.62 | 7.02 | 7.41 | 7.81 | 8.21 | 8.61 | 9.01 |
| Woodie | 1.30 | 2.91 | 5.64 | 7.25 | 9.98 | 11.59 | 14.32 |
| Fibonacci | 2.72 | 4.38 | 5.41 | 7.07 | 8.72 | 9.75 | 11.41 |
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
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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