CHAINLINK - LINK/USD
CHAINLINK - LINK/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
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High / Low range: -
Type: Cryptocurrencies
Ticker: LINKUSD
ISIN:

CHAINLINK - LINK/USD - 1H - Technical analysis published on 10/14/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 10.79 USD
My targets
11.58 USD (+3.30%)
12.49 USD (+11.41%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHAINLINK - LINK/USD. As long as you are above the support located at 10.79 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 11.58 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 12.49 USD as an objective. Crossing it would then enable buyers to target 13.83 USD. If the support 10.79 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.7

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CHAINLINK - LINK/USD rating 11.21 USD. On the day, this instrument gained +1.27% and was between 11.13 USD and 11.26 USD. This implies that the price is at +0.72% from its lowest and at -0.44% from its highest.

11.13
11.26
11.21

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this 1H chart of CHAINLINK - LINK/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 9.01 10.15 10.79 11.21 11.24 11.58 13.83
Change (%) -19.63% -9.46% -3.75% - +0.27% +3.30% +23.37%
Change -2.20 -1.06 -0.42 - +0.03 +0.37 +2.62
Level Minor Intermediate Major - Minor Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.0110.4210.7511.1611.4911.9012.23
Camarilla10.8710.9311.0011.0711.1411.2111.27
Woodie9.9610.4010.7011.1411.4411.8812.18
Fibonacci10.4210.7110.8811.1611.4511.6211.90


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.427.408.969.9511.5012.4914.05
Camarilla9.8210.0510.2910.5210.7510.9911.22
Woodie6.717.559.2510.0911.7912.6314.34
Fibonacci7.408.378.979.9510.9211.5212.49


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.845.248.055.448.255.658.46
Camarilla10.8010.8210.8410.8610.8810.9010.92
Woodie10.556.5910.766.8010.967.0011.17
Fibonacci5.245.315.365.445.525.575.65

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): 49.84
MACD (12,26,9): -0.0300
Directional Movement: 1.84
AROON (14): -50.00
DEMA (21): 11.19
Parabolic SAR (0,02-0,02-0,2): 11.43
Elder Ray (13): 0.03
Super Trend (3,10): 11.49
Zig ZAG (10): 11.21
VORTEX (21): 0.9400
Stochastique (14,3,5): 47.75
TEMA (21): 11.09
Williams %R (14): -50.00
Chande Momentum Oscillator (20): -0.27
Repulse (5,40,3): 1.0000
ROCnROLL: 1
TRIX (15,9): -0.0200
Courbe Coppock: 5.16
MA7: 9.75
MA20: 9.71
MA50: 11.15
MA100: 10.95
MAexp7: 11.16
MAexp20: 11.21
MAexp50: 11.13
MAexp100: 10.82
Price / MA7: +14.97%
Price / MA20: +15.45%
Price / MA50: +0.54%
Price / MA100: +2.37%
Price / MAexp7: +0.45%
Price / MAexp20: -0%
Price / MAexp50: +0.72%
Price / MAexp100: +3.60%

Quotes : 2020-10-14 04:23:15 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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