CHAINLINK - LINK/USD - 1H - Technical analysis published on 10/09/2020 (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:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 9.72 USD
My targets
10.79 USD (+4.25%)
11.95 USD (+15.44%)
My analysis
The bullish trend is currently very strong on CHAINLINK - LINK/USD. As long as the price remains above the support at 9.72 USD, you could try to benefit from the boom. The first bullish objective is located at 10.79 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.95 USD as an objective. Crossing it would then enable buyers to target 13.83 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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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 10.35 USD. The price registered an increase of +8.26% on the session and was between 9.38 USD and 10.38 USD. This implies that the price is at +10.34% from its lowest and at -0.29% from its highest.9.38
10.38
10.35
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CHAINLINK - LINK/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.33 | 9.55 | 9.72 | 10.35 | 10.41 | 10.79 | 13.83 |
| Change (%) | -9.86% | -7.73% | -6.09% | - | +0.58% | +4.25% | +33.62% |
| Change | -1.02 | -0.80 | -0.63 | - | +0.06 | +0.44 | +3.48 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | Minor |
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 | 7.55 | 8.00 | 8.78 | 9.23 | 10.01 | 10.46 | 11.24 |
| Camarilla | 9.22 | 9.33 | 9.45 | 9.56 | 9.67 | 9.78 | 9.90 |
| Woodie | 7.72 | 8.09 | 8.95 | 9.31 | 10.17 | 10.54 | 11.40 |
| Fibonacci | 8.00 | 8.47 | 8.76 | 9.23 | 9.70 | 9.99 | 10.46 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 78.16 | |
| MACD (12,26,9): | 0.2700 | |
| Directional Movement: | 32.96 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 10.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.54 | |
| Elder Ray (13): | 0.37 | |
| Super Trend (3,10): | 9.60 | |
| Zig ZAG (10): | 10.09 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 79.99 | |
| TEMA (21): | 10.02 | |
| Williams %R (14): | -18.12 | |
| Chande Momentum Oscillator (20): | 0.53 | |
| Repulse (5,40,3): | 0.5300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3100 | |
| Courbe Coppock: | 8.68 |
| MA7: | 9.38 | |
| MA20: | 9.58 | |
| MA50: | 11.78 | |
| MA100: | 10.67 | |
| MAexp7: | 9.95 | |
| MAexp20: | 9.74 | |
| MAexp50: | 9.41 | |
| MAexp100: | 9.29 | |
| Price / MA7: | +10.34% | |
| Price / MA20: | +8.04% | |
| Price / MA50: | -12.14% | |
| Price / MA100: | -3.00% | |
| Price / MAexp7: | +4.02% | |
| Price / MAexp20: | +6.26% | |
| Price / MAexp50: | +9.99% | |
| Price / MAexp100: | +11.41% |
Quotes :
2020-10-09 15:29:58
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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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