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
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.The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
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
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:
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.
S3 | S2 | S1 | Price | |
---|---|---|---|---|
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:
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 7.37 | 7.76 | 8.50 | 8.89 | 9.64 | 10.03 | 10.77 |
Camarilla | 8.93 | 9.04 | 9.14 | 9.25 | 9.35 | 9.45 | 9.56 |
Woodie | 7.54 | 7.84 | 8.68 | 8.98 | 9.81 | 10.12 | 10.95 |
Fibonacci | 7.76 | 8.19 | 8.46 | 8.89 | 9.33 | 9.59 | 10.03 |
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 |
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:
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% |
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