CHAINLINK - LINK/USD - 1H - Technical analysis published on 09/11/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 12.49 USD
My targets
11.06 USD (-10.23%)
10.61 USD (-13.88%)
My analysis
CHAINLINK - LINK/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 12.49 USD. The next support located at 11.06 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 10.61 USD. Below this support, sellers could then target 9.77 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.1
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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 12.32 USD. On the day, this instrument lost -1.60% and was traded between 12.03 USD and 12.67 USD over the period. The price is currently at +2.41% from its lowest and -2.76% from its highest.12.03
12.67
12.32
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHAINLINK - LINK/USD:
Technical
Technical analysis of CHAINLINK - LINK/USD in 1H shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.77 | 10.61 | 11.06 | 12.32 | 12.49 | 12.93 | 13.36 |
| Change (%) | -20.70% | -13.88% | -10.23% | - | +1.38% | +4.95% | +8.44% |
| Change | -2.55 | -1.71 | -1.26 | - | +0.17 | +0.61 | +1.04 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 11.21 | 11.77 | 12.15 | 12.71 | 13.09 | 13.65 | 14.03 |
| Camarilla | 12.26 | 12.35 | 12.43 | 12.52 | 12.61 | 12.69 | 12.78 |
| Woodie | 11.11 | 11.73 | 12.05 | 12.67 | 12.99 | 13.61 | 13.93 |
| Fibonacci | 11.77 | 12.13 | 12.35 | 12.71 | 13.07 | 13.29 | 13.65 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.59 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | 0.53 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 12.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.53 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 12.85 | |
| Zig ZAG (10): | 12.32 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 46.92 | |
| TEMA (21): | 12.24 | |
| Williams %R (14): | -54.69 | |
| Chande Momentum Oscillator (20): | -0.19 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 5.45 |
| MA7: | 12.11 | |
| MA20: | 13.89 | |
| MA50: | 12.79 | |
| MA100: | 9.07 | |
| MAexp7: | 12.33 | |
| MAexp20: | 12.41 | |
| MAexp50: | 12.40 | |
| MAexp100: | 12.38 | |
| Price / MA7: | +1.73% | |
| Price / MA20: | -11.30% | |
| Price / MA50: | -3.67% | |
| Price / MA100: | +35.83% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.73% | |
| Price / MAexp50: | -0.65% | |
| Price / MAexp100: | -0.48% |
Quotes :
2020-09-11 11:05:47
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Real time data
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