CHAINLINK - LINK/USD
CHAINLINK - LINK/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: LINKUSD
ISIN:

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 (+4.67%)
11.41 USD (+24.27%)
My analysis
CHAINLINK - LINK/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 8.47 USD. The next resistance located at 9.61 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 11.41 USD. After this resistance, buyers could then target 13.95 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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:
15 min. 1H Weekly

Additional analysis

Quotes

The CHAINLINK - LINK/USD price is 9.18 USD. The price registered a decrease of -0.76% on the session and was between 9.09 USD and 9.40 USD. This implies that the price is at +0.99% from its lowest and at -2.34% from its highest.

9.09
9.40
9.18

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily


Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 7.10 7.91 8.47 9.18
Change (%) -22.66% -13.83% -7.73% -
Change -2.08 -1.27 -0.71 -
Level Intermediate Minor Intermediate -



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
Standard7.377.768.508.899.6410.0310.77
Camarilla8.939.049.149.259.359.459.56
Woodie7.547.848.688.989.8110.1210.95
Fibonacci7.768.198.468.899.339.5910.03


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.165.857.097.789.029.7110.94
Camarilla7.797.978.158.328.508.688.85
Woodie5.435.997.367.929.299.8411.21
Fibonacci5.856.597.047.788.528.979.71


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.932.725.277.079.6111.4113.95
Camarilla6.627.027.417.818.218.619.01
Woodie1.302.915.647.259.9811.5914.32
Fibonacci2.724.385.417.078.729.7511.41

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): 71.68
MACD (12,26,9): 0.6500
Directional Movement: 11.68
AROON (14): 57.14
DEMA (21): 8.60
Parabolic SAR (0,02-0,02-0,2): 6.83
Elder Ray (13): 1.18
Super Trend (3,10): 7.11
Zig ZAG (10): 9.26
VORTEX (21): 1.0700
Stochastique (14,3,5): 90.58
TEMA (21): 8.68
Williams %R (14): -5.25
Chande Momentum Oscillator (20): 1.34
Repulse (5,40,3): 16.2200
ROCnROLL: 1
TRIX (15,9): 1.2700
Courbe Coppock: 14.88
MA7: 8.21
MA20: 7.87
MA50: 6.20
MA100: 5.08
MAexp7: 8.45
MAexp20: 7.74
MAexp50: 6.60
MAexp100: 5.54
Price / MA7: +11.81%
Price / MA20: +16.65%
Price / MA50: +48.06%
Price / MA100: +80.71%
Price / MAexp7: +8.64%
Price / MAexp20: +18.60%
Price / MAexp50: +39.09%
Price / MAexp100: +65.70%

Quotes : 2020-08-04 02:56:21 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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