CHAINLINK - LINK/USD - 1H - Technical analysis published on 08/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 8.47 USD
My targets
9.02 USD (+2.91%)
9.71 USD (+10.80%)
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 8.47 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.
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
7.5
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHAINLINK - LINK/USD rating 8.76 USD. The price registered an increase of +5.80% on the session and was between 8.15 USD and 8.78 USD. This implies that the price is at +7.48% from its lowest and at -0.23% from its highest.8.15
8.78
8.76
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
Technical analysis of this 1H chart of CHAINLINK - LINK/USD indicates that the overall trend is strongly bullish. 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. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 7.91 | 8.10 | 8.47 | 8.76 |
| Change (%) | -9.70% | -7.53% | -3.31% | - |
| Change | -0.85 | -0.66 | -0.29 | - |
| Level | Intermediate | Minor | 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 | 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): | 60.44 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 8.66 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 8.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.67 | |
| Elder Ray (13): | 0.19 | |
| Super Trend (3,10): | 7.99 | |
| Zig ZAG (10): | 8.60 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 70.22 | |
| TEMA (21): | 8.45 | |
| Williams %R (14): | -5.37 | |
| Chande Momentum Oscillator (20): | 0.34 | |
| Repulse (5,40,3): | 2.2200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 1.03 |
| MA7: | 7.83 | |
| MA20: | 7.80 | |
| MA50: | 6.09 | |
| MA100: | 5.02 | |
| MAexp7: | 8.44 | |
| MAexp20: | 8.36 | |
| MAexp50: | 8.17 | |
| MAexp100: | 7.94 | |
| Price / MA7: | +11.88% | |
| Price / MA20: | +12.31% | |
| Price / MA50: | +43.84% | |
| Price / MA100: | +74.50% | |
| Price / MAexp7: | +3.79% | |
| Price / MAexp20: | +4.78% | |
| Price / MAexp50: | +7.22% | |
| Price / MAexp100: | +10.33% |
Quotes :
2020-08-03 22:30:31
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Real time data
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