CHAINLINK - LINK/USD - 1H - Technical analysis published on 09/15/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 11.22 USD
My targets
10.61 USD (-4.07%)
9.77 USD (-11.66%)
My analysis
The bearish trend is currently very strong for CHAINLINK - LINK/USD. As long as the price remains below the resistance at 11.22 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 10.61 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 9.77 USD as an objective. Crossing it would then enable sellers to target 7.13 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7
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Additional analysis
Quotes
The CHAINLINK - LINK/USD rating is 11.06 USD. The price registered a decrease of -8.82% on the session and was traded between 11.02 USD and 12.24 USD over the period. The price is currently at +0.36% from its lowest and -9.64% from its highest.11.02
12.24
11.06
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this CHAINLINK - LINK/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 7.13 | 9.77 | 10.61 | 11.06 | 11.22 | 11.64 | 12.04 |
Change (%) | -35.53% | -11.66% | -4.07% | - | +1.45% | +5.24% | +8.86% |
Change | -3.93 | -1.29 | -0.45 | - | +0.16 | +0.58 | +0.98 |
Level | Minor | Minor | Major | - | Intermediate | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10.98 | 11.31 | 11.72 | 12.05 | 12.46 | 12.79 | 13.20 |
Camarilla | 11.93 | 11.99 | 12.06 | 12.13 | 12.20 | 12.27 | 12.33 |
Woodie | 11.02 | 11.33 | 11.76 | 12.07 | 12.50 | 12.81 | 13.24 |
Fibonacci | 11.31 | 11.59 | 11.77 | 12.05 | 12.33 | 12.51 | 12.79 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 6.95 | 8.36 | 10.54 | 11.95 | 14.13 | 15.54 | 17.72 |
Camarilla | 11.73 | 12.06 | 12.39 | 12.72 | 13.05 | 13.38 | 13.71 |
Woodie | 7.33 | 8.55 | 10.93 | 12.14 | 14.52 | 15.73 | 18.11 |
Fibonacci | 8.36 | 9.73 | 10.58 | 11.95 | 13.32 | 14.17 | 15.54 |
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): | 31.90 | |
MACD (12,26,9): | -0.2200 | |
Directional Movement: | -15.86 | |
AROON (14): | -64.28 | |
DEMA (21): | 11.35 | |
Parabolic SAR (0,02-0,02-0,2): | 11.46 | |
Elder Ray (13): | -0.23 | |
Super Trend (3,10): | 11.86 | |
Zig ZAG (10): | 11.21 | |
VORTEX (21): | 0.8200 | |
Stochastique (14,3,5): | 16.00 | |
TEMA (21): | 11.21 | |
Williams %R (14): | -88.79 | |
Chande Momentum Oscillator (20): | -0.93 | |
Repulse (5,40,3): | -0.7800 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.1900 | |
Courbe Coppock: | 11.57 |
MA7: | 12.20 | |
MA20: | 13.32 | |
MA50: | 13.16 | |
MA100: | 9.37 | |
MAexp7: | 11.33 | |
MAexp20: | 11.60 | |
MAexp50: | 11.86 | |
MAexp100: | 12.04 | |
Price / MA7: | -9.34% | |
Price / MA20: | -16.97% | |
Price / MA50: | -15.96% | |
Price / MA100: | +18.04% | |
Price / MAexp7: | -2.38% | |
Price / MAexp20: | -4.66% | |
Price / MAexp50: | -6.75% | |
Price / MAexp100: | -8.14% |
Quotes :
2020-09-15 22:55:43
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Real time data
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