CHAINLINK - LINK/USD - Daily - Technical analysis published on 08/04/2020 (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
83%
6%
11%
My opinion
Bullish above 8.47 USD
My targets
9.61 USD (+4.22%)
11.41 USD (+23.73%)
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 9.61 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.41 USD. If there is any crossing, the next objective would be the resistance located at 13.95 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by lokisynz1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHAINLINK - LINK/USD rating is 9.22 USD. The price is lower by -0.32% since the last closing and was between 9.09 USD and 9.28 USD. This implies that the price is at +1.43% from its lowest and at -0.65% from its highest.9.09
9.28
9.22
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 Daily chart of CHAINLINK - LINK/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish harami
Type : Bearish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 7.24 | 7.91 | 8.47 | 9.22 |
| Change (%) | -21.48% | -14.21% | -8.13% | - |
| Change | -1.98 | -1.31 | -0.75 | - |
| Level | Minor | Intermediate | 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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 69.01 | |
| MACD (12,26,9): | 0.5600 | |
| Directional Movement: | 7.14 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 8.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.67 | |
| Elder Ray (13): | 0.72 | |
| Super Trend (3,10): | 6.41 | |
| Zig ZAG (10): | 8.81 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 89.03 | |
| TEMA (21): | 8.30 | |
| Williams %R (14): | -2.85 | |
| Chande Momentum Oscillator (20): | 1.35 | |
| Repulse (5,40,3): | 18.6200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.2500 | |
| Courbe Coppock: | 4.98 |
| MA7: | 7.85 | |
| MA20: | 7.81 | |
| MA50: | 6.09 | |
| MA100: | 5.02 | |
| MAexp7: | 8.06 | |
| MAexp20: | 7.53 | |
| MAexp50: | 6.48 | |
| MAexp100: | 5.45 | |
| Price / MA7: | +17.45% | |
| Price / MA20: | +18.05% | |
| Price / MA50: | +51.40% | |
| Price / MA100: | +83.67% | |
| Price / MAexp7: | +14.39% | |
| Price / MAexp20: | +22.44% | |
| Price / MAexp50: | +42.28% | |
| Price / MAexp100: | +69.17% |
Quotes :
2020-08-04 00:40:22
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Real time data
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