CHAINLINK - LINK/USD - 1H - Technical analysis published on 08/05/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 9.02 USD
My targets
9.75 USD (+1.46%)
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 9.02 USD. The buyers” bullish objective is set at 9.75 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.6
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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 price is 9.61 USD. The price registered a decrease of -1.34% on the session and was traded between 9.59 USD and 9.84 USD over the period. The price is currently at +0.21% from its lowest and -2.34% from its highest.9.59
9.84
9.61
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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
Technical analysis of CHAINLINK - LINK/USD in 1H shows a strongly overall 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 7.50 | 8.47 | 8.78 | 9.61 | 9.75 |
| Change (%) | -21.96% | -11.86% | -8.64% | - | +1.46% |
| Change | -2.11 | -1.14 | -0.83 | - | +0.14 |
| Level | Intermediate | Major | Minor | - | Intermediate |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.62 | |
| MACD (12,26,9): | 0.2200 | |
| Directional Movement: | 8.82 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 9.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.95 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 9.18 | |
| Zig ZAG (10): | 9.65 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 74.28 | |
| TEMA (21): | 9.89 | |
| Williams %R (14): | -21.59 | |
| Chande Momentum Oscillator (20): | 0.26 | |
| Repulse (5,40,3): | 1.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4300 | |
| Courbe Coppock: | 7.69 |
| MA7: | 8.66 | |
| MA20: | 7.96 | |
| MA50: | 6.33 | |
| MA100: | 5.15 | |
| MAexp7: | 9.75 | |
| MAexp20: | 9.54 | |
| MAexp50: | 9.08 | |
| MAexp100: | 8.60 | |
| Price / MA7: | +10.97% | |
| Price / MA20: | +20.73% | |
| Price / MA50: | +51.82% | |
| Price / MA100: | +86.60% | |
| Price / MAexp7: | -1.44% | |
| Price / MAexp20: | +0.73% | |
| Price / MAexp50: | +5.84% | |
| Price / MAexp100: | +11.74% |
Quotes :
2020-08-05 04:49:21
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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