CHAINLINK - LINK/USD - 1H - Technical analysis published on 09/06/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
50%
11%
My opinion
Bearish under 11.41 USD
My targets
8.47 USD (-20.17%)
7.35 USD (-30.72%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHAINLINK - LINK/USD as long as the price remains well below 11.41 USD. The sellers” bearish objective is set at 8.47 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.35 USD. In case of crossing, the next objective would be the support located at 7.13 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHAINLINK - LINK/USD rating is 10.61 USD. On the day, this instrument gained +0.00% and was between 10.46 USD and 10.89 USD. This implies that the price is at +1.43% from its lowest and at -2.57% from its highest.10.46
10.89
10.61
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CHAINLINK - LINK/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 2 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.96 | 7.13 | 8.47 | 10.61 | 11.41 | 13.83 | 15.22 |
| Change (%) | -62.68% | -32.80% | -20.17% | - | +7.54% | +30.35% | +43.45% |
| Change | -6.65 | -3.48 | -2.14 | - | +0.80 | +3.22 | +4.61 |
| Level | Major | Minor | Minor | - | Intermediate | Major | Minor |
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 | 5.56 | 7.43 | 9.02 | 10.88 | 12.47 | 14.33 | 15.93 |
| Camarilla | 9.66 | 9.98 | 10.29 | 10.61 | 10.93 | 11.24 | 11.56 |
| Woodie | 5.43 | 7.36 | 8.88 | 10.81 | 12.34 | 14.27 | 15.79 |
| Fibonacci | 7.43 | 8.74 | 9.56 | 10.88 | 12.20 | 13.01 | 14.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.10 | 4.09 | 7.35 | 12.55 | 15.81 | 21.00 | 24.26 |
| Camarilla | 8.29 | 9.06 | 9.84 | 10.61 | 11.39 | 12.16 | 12.94 |
| Woodie | -2.07 | 3.61 | 6.38 | 12.06 | 14.84 | 20.52 | 23.29 |
| Fibonacci | 4.09 | 7.32 | 9.32 | 12.55 | 15.78 | 17.77 | 21.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -4.46 | 1.32 | 8.46 | 14.23 | 21.37 | 27.14 | 34.28 |
| Camarilla | 12.05 | 13.23 | 14.42 | 15.60 | 16.78 | 17.97 | 19.15 |
| Woodie | -3.77 | 1.66 | 9.14 | 14.57 | 22.06 | 27.49 | 34.97 |
| Fibonacci | 1.32 | 6.25 | 9.30 | 14.23 | 19.16 | 22.21 | 27.14 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 41.98 | |
| MACD (12,26,9): | -0.5000 | |
| Directional Movement: | -23.16 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 10.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.89 | |
| Elder Ray (13): | -0.16 | |
| Super Trend (3,10): | 11.94 | |
| Zig ZAG (10): | 10.61 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 55.33 | |
| TEMA (21): | 10.36 | |
| Williams %R (14): | -45.53 | |
| Chande Momentum Oscillator (20): | -0.98 | |
| Repulse (5,40,3): | 0.2700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5800 | |
| Courbe Coppock: | 19.40 |
| MA7: | 13.18 | |
| MA20: | 14.62 | |
| MA50: | 12.28 | |
| MA100: | 8.64 | |
| MAexp7: | 10.68 | |
| MAexp20: | 11.13 | |
| MAexp50: | 12.01 | |
| MAexp100: | 13.06 | |
| Price / MA7: | -19.50% | |
| Price / MA20: | -27.43% | |
| Price / MA50: | -13.60% | |
| Price / MA100: | +22.80% | |
| Price / MAexp7: | -0.66% | |
| Price / MAexp20: | -4.67% | |
| Price / MAexp50: | -11.66% | |
| Price / MAexp100: | -18.76% |
Quotes :
2020-09-06 02:12:20
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Real time data
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