CHAINLINK - LINK/USD - 1H - Technical analysis published on 09/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 8.87 USD
My targets
7.61 USD (-12.51%)
7.13 USD (-18.05%)
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 8.87 USD. The next support located at 7.61 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 7.13 USD. Below this support, sellers could then target 3.96 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8
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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 price is 8.70 USD. The price is lower by -10.68% since the last closing and was traded between 8.66 USD and 9.91 USD over the period. The price is currently at +0.46% from its lowest and -12.21% from its highest.8.66
9.91
8.70
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHAINLINK - LINK/USD:
Technical
Technical analysis of this 1H chart of CHAINLINK - LINK/USD indicates that the overall trend is strongly bearish. 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, 14 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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 channel 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 | 1.88 | 3.96 | 7.13 | 8.70 | 10.00 | 10.61 | 11.66 |
| Change (%) | -78.39% | -54.48% | -18.05% | - | +14.94% | +21.95% | +34.02% |
| Change | -6.82 | -4.74 | -1.57 | - | +1.30 | +1.91 | +2.96 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.17 | 8.84 | 9.29 | 9.95 | 10.40 | 11.07 | 11.52 |
| Camarilla | 9.43 | 9.53 | 9.63 | 9.74 | 9.84 | 9.94 | 10.04 |
| Woodie | 8.06 | 8.78 | 9.18 | 9.90 | 10.29 | 11.01 | 11.41 |
| Fibonacci | 8.84 | 9.27 | 9.53 | 9.95 | 10.38 | 10.64 | 11.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.44 | 7.61 | 8.87 | 11.04 | 12.30 | 14.47 | 15.73 |
| Camarilla | 9.18 | 9.49 | 9.81 | 10.12 | 10.44 | 10.75 | 11.06 |
| Woodie | 4.97 | 7.38 | 8.40 | 10.81 | 11.84 | 14.24 | 15.27 |
| Fibonacci | 7.61 | 8.92 | 9.73 | 11.04 | 12.35 | 13.16 | 14.47 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 13.18 | |
| MACD (12,26,9): | -0.2900 | |
| Directional Movement: | -40.52 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 9.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.49 | |
| Elder Ray (13): | -0.57 | |
| Super Trend (3,10): | 9.47 | |
| Zig ZAG (10): | 8.70 | |
| VORTEX (21): | 0.6800 | |
| Stochastique (14,3,5): | 6.23 | |
| TEMA (21): | 9.03 | |
| Williams %R (14): | -96.66 | |
| Chande Momentum Oscillator (20): | -1.04 | |
| Repulse (5,40,3): | -7.3000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2700 | |
| Courbe Coppock: | 12.58 |
| MA7: | 10.19 | |
| MA20: | 11.62 | |
| MA50: | 13.44 | |
| MA100: | 9.72 | |
| MAexp7: | 9.16 | |
| MAexp20: | 9.55 | |
| MAexp50: | 9.90 | |
| MAexp100: | 10.26 | |
| Price / MA7: | -14.62% | |
| Price / MA20: | -25.13% | |
| Price / MA50: | -35.27% | |
| Price / MA100: | -10.49% | |
| Price / MAexp7: | -5.02% | |
| Price / MAexp20: | -8.90% | |
| Price / MAexp50: | -12.12% | |
| Price / MAexp100: | -15.20% |
Quotes :
2020-09-21 11:40:48
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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