CHAINLINK - LINK/USD - 1H - Technical analysis published on 09/24/2020 (GMT)
- Who voted?
- 124
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 8.46 USD
My targets
7.61 USD (-2.91%)
7.13 USD (-9.06%)
My analysis
The bearish trend is currently very strong for CHAINLINK - LINK/USD. As long as the price remains below the resistance at 8.46 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 7.61 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.13 USD as an objective. Crossing it would then enable sellers to target 3.96 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
7.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHAINLINK - LINK/USD rating 7.84 USD. The price registered an increase of +2.62% on the session with the lowest point at 7.50 USD and the highest point at 7.87 USD. The deviation from the price is +4.53% for the low point and -0.38% for the high point.7.50
7.87
7.84
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHAINLINK - LINK/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.88 | 3.96 | 7.13 | 7.84 | 8.47 | 9.79 | 10.61 |
| Change (%) | -76.02% | -49.49% | -9.06% | - | +8.04% | +24.87% | +35.33% |
| Change | -5.96 | -3.88 | -0.71 | - | +0.63 | +1.95 | +2.77 |
| Level | Minor | Major | Intermediate | - | Intermediate | 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 | 5.56 | 6.44 | 7.04 | 7.92 | 8.52 | 9.40 | 10.00 |
| Camarilla | 7.23 | 7.37 | 7.50 | 7.64 | 7.78 | 7.91 | 8.05 |
| Woodie | 5.42 | 6.37 | 6.90 | 7.85 | 8.38 | 9.33 | 9.86 |
| Fibonacci | 6.44 | 7.00 | 7.35 | 7.92 | 8.49 | 8.84 | 9.40 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.62 | |
| MACD (12,26,9): | -0.2200 | |
| Directional Movement: | -27.11 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 7.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.32 | |
| Elder Ray (13): | -0.33 | |
| Super Trend (3,10): | 8.32 | |
| Zig ZAG (10): | 7.81 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 41.43 | |
| TEMA (21): | 7.80 | |
| Williams %R (14): | -55.74 | |
| Chande Momentum Oscillator (20): | -0.57 | |
| Repulse (5,40,3): | 1.6800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3300 | |
| Courbe Coppock: | 8.15 |
| MA7: | 9.46 | |
| MA20: | 10.87 | |
| MA50: | 13.35 | |
| MA100: | 9.84 | |
| MAexp7: | 7.94 | |
| MAexp20: | 8.11 | |
| MAexp50: | 8.51 | |
| MAexp100: | 9.05 | |
| Price / MA7: | -17.12% | |
| Price / MA20: | -27.87% | |
| Price / MA50: | -41.27% | |
| Price / MA100: | -20.33% | |
| Price / MAexp7: | -1.26% | |
| Price / MAexp20: | -3.33% | |
| Price / MAexp50: | -7.87% | |
| Price / MAexp100: | -13.37% |
Quotes :
2020-09-24 00:57:19
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CHAINLINK - LINK/USD - 1H