CHAINLINK - LINK/USD - 1H - Technical analysis published on 08/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 7.91 USD
My targets
9.02 USD (+6.43%)
9.71 USD (+14.59%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHAINLINK - LINK/USD as long as the price remains well above 7.91 USD. The buyers” bullish objective is set at 9.02 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.71 USD. If there is any crossing, the next objective would be the resistance located at 10.94 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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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 8.47 USD. The price registered an increase of +2.30% on the session and was traded between 8.15 USD and 8.50 USD over the period. The price is currently at +3.93% from its lowest and -0.35% from its highest.8.15
8.50
8.47
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHAINLINK - LINK/USD:
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. The signals given by moving averages are 89.29% 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 Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | Price | S1 | |
|---|---|---|---|---|
| ProTrendLines | 7.91 | 8.10 | 8.47 | 8.47 |
| Change (%) | -6.61% | -4.37% | - | 0% |
| Change | -0.56 | -0.37 | - | 0 |
| Level | Intermediate | Minor | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 5.64 | 6.36 | 7.32 | 8.05 | 9.01 | 9.74 | 10.70 |
| Camarilla | 7.82 | 7.98 | 8.13 | 8.29 | 8.44 | 8.59 | 8.75 |
| Woodie | 5.75 | 6.42 | 7.44 | 8.11 | 9.13 | 9.80 | 10.82 |
| Fibonacci | 6.36 | 7.01 | 7.40 | 8.05 | 8.69 | 9.09 | 9.74 |
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): | 56.55 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 4.37 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 8.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.65 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 7.84 | |
| Zig ZAG (10): | 8.47 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 55.87 | |
| TEMA (21): | 8.40 | |
| Williams %R (14): | -35.46 | |
| Chande Momentum Oscillator (20): | -0.07 | |
| Repulse (5,40,3): | 1.5500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 0.11 |
| MA7: | 7.81 | |
| MA20: | 7.79 | |
| MA50: | 6.08 | |
| MA100: | 5.02 | |
| MAexp7: | 8.38 | |
| MAexp20: | 8.33 | |
| MAexp50: | 8.15 | |
| MAexp100: | 7.92 | |
| Price / MA7: | +8.45% | |
| Price / MA20: | +8.73% | |
| Price / MA50: | +39.31% | |
| Price / MA100: | +68.73% | |
| Price / MAexp7: | +1.07% | |
| Price / MAexp20: | +1.68% | |
| Price / MAexp50: | +3.93% | |
| Price / MAexp100: | +6.94% |
Quotes :
2020-08-03 08:37:56
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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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