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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 9.02 USD
My targets
9.61 USD (+5.71%)
9.71 USD (+6.78%)
My analysis
The bullish trend is currently very strong on CHAINLINK - LINK/USD. As long as the price remains above the support at 9.02 USD, you could try to benefit from the boom. The first bullish objective is located at 9.61 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
8.9
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHAINLINK - LINK/USD price is 9.09 USD. The price has increased by +9.78% since the last closing with the lowest point at 8.15 USD and the highest point at 9.21 USD. The deviation from the price is +11.53% for the low point and -1.30% for the high point.8.15
9.21
9.09
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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 the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being 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.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 7.91 | 8.10 | 8.47 | 9.09 |
| Change (%) | -12.98% | -10.89% | -6.82% | - |
| Change | -1.18 | -0.99 | -0.62 | - |
| 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 | 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): | 64.61 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 15.82 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 8.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.71 | |
| Elder Ray (13): | 0.25 | |
| Super Trend (3,10): | 8.08 | |
| Zig ZAG (10): | 8.81 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 85.74 | |
| TEMA (21): | 8.57 | |
| Williams %R (14): | -8.91 | |
| Chande Momentum Oscillator (20): | 0.54 | |
| Repulse (5,40,3): | 3.7600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 3.59 |
| MA7: | 7.85 | |
| MA20: | 7.81 | |
| MA50: | 6.09 | |
| MA100: | 5.02 | |
| MAexp7: | 8.59 | |
| MAexp20: | 8.41 | |
| MAexp50: | 8.21 | |
| MAexp100: | 7.97 | |
| Price / MA7: | +15.80% | |
| Price / MA20: | +16.39% | |
| Price / MA50: | +49.26% | |
| Price / MA100: | +81.08% | |
| Price / MAexp7: | +5.82% | |
| Price / MAexp20: | +8.09% | |
| Price / MAexp50: | +10.72% | |
| Price / MAexp100: | +14.05% |
Quotes :
2020-08-03 23:38:35
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Real time data
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