CHAINLINK - LINK/USD - 1H - Technical analysis published on 08/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 8.47 USD
My targets
9.02 USD (+5.56%)
9.71 USD (+13.65%)
My analysis
The bullish trend is currently very strong on CHAINLINK - LINK/USD. As long as the price remains above the support at 8.47 USD, you could try to benefit from the boom. The first bullish objective is located at 9.02 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9.71 USD as an objective. Crossing it would then enable buyers to target 10.94 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
8.2
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Additional analysis
Quotes
The CHAINLINK - LINK/USD price is 8.54 USD. The price registered an increase of +2.64% on the session and was between 7.09 USD and 8.77 USD. This implies that the price is at +20.45% from its lowest and at -2.62% from its highest.7.09
8.77
8.54
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHAINLINK - LINK/USD chart shows a strongly 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.
The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 7.91 | 8.10 | 8.47 | 8.54 |
| Change (%) | -7.38% | -5.15% | -0.82% | - |
| Change | -0.63 | -0.44 | -0.07 | - |
| Level | Intermediate | Minor | Major | - |
Attention could also be paid to pivot points to set price objectives:
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): | 58.31 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | 2.00 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 8.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.34 | |
| Elder Ray (13): | 0.20 | |
| Super Trend (3,10): | 7.65 | |
| Zig ZAG (10): | 8.54 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 84.16 | |
| TEMA (21): | 8.49 | |
| Williams %R (14): | -13.86 | |
| Chande Momentum Oscillator (20): | 0.91 | |
| Repulse (5,40,3): | 2.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 6.55 |
| MA7: | 7.65 | |
| MA20: | 7.74 | |
| MA50: | 6.00 | |
| MA100: | 4.97 | |
| MAexp7: | 8.42 | |
| MAexp20: | 8.27 | |
| MAexp50: | 8.03 | |
| MAexp100: | 7.81 | |
| Price / MA7: | +11.63% | |
| Price / MA20: | +10.34% | |
| Price / MA50: | +42.33% | |
| Price / MA100: | +71.83% | |
| Price / MAexp7: | +1.43% | |
| Price / MAexp20: | +3.26% | |
| Price / MAexp50: | +6.35% | |
| Price / MAexp100: | +9.35% |
Quotes :
2020-08-02 16:24:29
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Real time data
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