CHAINLINK - LINK/USD - 1H - Technical analysis published on 10/05/2020 (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 bullish
De fond:
Bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 8.81 USD
My targets
9.71 USD (+3.08%)
9.92 USD (+5.31%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHAINLINK - LINK/USD as long as the price remains well above 8.81 USD. The buyers” bullish objective is set at 9.71 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.92 USD. If there is any crossing, the next objective would be the resistance located at 10.42 USD.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHAINLINK - LINK/USD price is 9.42 USD. The price registered an increase of +0.21% on the session and was traded between 9.28 USD and 9.61 USD over the period. The price is currently at +1.51% from its lowest and -1.98% from its highest.9.28
9.61
9.42
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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 bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 5 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
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 bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.64 | 8.19 | 8.81 | 9.42 | 9.44 | 9.92 | 10.42 |
| Change (%) | -18.90% | -13.06% | -6.48% | - | +0.21% | +5.31% | +10.62% |
| Change | -1.78 | -1.23 | -0.61 | - | +0.02 | +0.50 | +1.00 |
| Level | Intermediate | Minor | Major | - | Minor | 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 | 8.87 | 9.00 | 9.20 | 9.33 | 9.53 | 9.66 | 9.85 |
| Camarilla | 9.31 | 9.34 | 9.37 | 9.40 | 9.43 | 9.46 | 9.49 |
| Woodie | 8.90 | 9.02 | 9.23 | 9.34 | 9.56 | 9.67 | 9.89 |
| Fibonacci | 9.00 | 9.13 | 9.20 | 9.33 | 9.45 | 9.53 | 9.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.13 | 7.47 | 8.37 | 9.71 | 10.61 | 11.95 | 12.85 |
| Camarilla | 8.65 | 8.86 | 9.06 | 9.27 | 9.47 | 9.68 | 9.88 |
| Woodie | 5.91 | 7.36 | 8.15 | 9.60 | 10.39 | 11.84 | 12.63 |
| Fibonacci | 7.47 | 8.33 | 8.86 | 9.71 | 10.57 | 11.09 | 11.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -3.24 | 2.04 | 5.95 | 11.23 | 15.15 | 20.42 | 24.34 |
| Camarilla | 7.34 | 8.18 | 9.02 | 9.87 | 10.71 | 11.55 | 12.40 |
| Woodie | -3.92 | 1.70 | 5.27 | 10.89 | 14.46 | 20.08 | 23.66 |
| Fibonacci | 2.04 | 5.55 | 7.72 | 11.23 | 14.74 | 16.91 | 20.42 |
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): | 56.26 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 3.83 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 9.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.54 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 9.27 | |
| Zig ZAG (10): | 9.42 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 34.82 | |
| TEMA (21): | 9.41 | |
| Williams %R (14): | -58.75 | |
| Chande Momentum Oscillator (20): | -0.10 | |
| Repulse (5,40,3): | 0.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.25 |
| MA7: | 9.56 | |
| MA20: | 9.79 | |
| MA50: | 12.33 | |
| MA100: | 10.47 | |
| MAexp7: | 9.39 | |
| MAexp20: | 9.38 | |
| MAexp50: | 9.36 | |
| MAexp100: | 9.43 | |
| Price / MA7: | -1.46% | |
| Price / MA20: | -3.78% | |
| Price / MA50: | -23.60% | |
| Price / MA100: | -10.03% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | +0.43% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | -0.11% |
Quotes :
2020-10-05 13:32:35
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Real time data
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