CHAINLINK - LINK/USD - Daily - Technical analysis published on 08/05/2020 (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
78%
6%
17%
My opinion
Bullish above 8.47 USD
My targets
10.94 USD (+13.39%)
11.41 USD (+18.22%)
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 10.94 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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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 9.65 USD. The price is lower by -0.92% since the last closing and was traded between 9.59 USD and 9.84 USD over the period. The price is currently at +0.63% from its lowest and -1.93% from its highest.9.59
9.84
9.65
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this CHAINLINK - LINK/USD chart shows a strongly bullish trend. 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.
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:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 3.85 | 7.10 | 8.47 | 9.65 |
| Change (%) | -60.10% | -26.42% | -12.23% | - |
| Change | -5.80 | -2.55 | -1.18 | - |
| Level | Major | Intermediate | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.35 | 8.72 | 9.23 | 9.60 | 10.11 | 10.48 | 10.99 |
| Camarilla | 9.50 | 9.58 | 9.66 | 9.74 | 9.82 | 9.90 | 9.98 |
| Woodie | 8.42 | 8.76 | 9.30 | 9.64 | 10.18 | 10.52 | 11.06 |
| Fibonacci | 8.72 | 9.06 | 9.27 | 9.60 | 9.94 | 10.15 | 10.48 |
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): | 74.71 | |
| MACD (12,26,9): | 0.7700 | |
| Directional Movement: | 16.32 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 8.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.08 | |
| Elder Ray (13): | 1.33 | |
| Super Trend (3,10): | 7.56 | |
| Zig ZAG (10): | 9.82 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 95.82 | |
| TEMA (21): | 9.14 | |
| Williams %R (14): | -4.35 | |
| Chande Momentum Oscillator (20): | 2.38 | |
| Repulse (5,40,3): | 16.9200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.3300 | |
| Courbe Coppock: | 26.80 |
| MA7: | 8.66 | |
| MA20: | 7.96 | |
| MA50: | 6.33 | |
| MA100: | 5.15 | |
| MAexp7: | 8.88 | |
| MAexp20: | 7.98 | |
| MAexp50: | 6.75 | |
| MAexp100: | 5.63 | |
| Price / MA7: | +11.43% | |
| Price / MA20: | +21.23% | |
| Price / MA50: | +52.45% | |
| Price / MA100: | +87.38% | |
| Price / MAexp7: | +8.67% | |
| Price / MAexp20: | +20.93% | |
| Price / MAexp50: | +42.96% | |
| Price / MAexp100: | +71.40% |
Quotes :
2020-08-05 04:18:20
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Real time data
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