CHAINLINK - LINK/USD - 1H - Technical analysis published on 06/17/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 23.77 USD
My targets
24.88 USD (+2.22%)
25.62 USD (+5.26%)
My analysis
A bullish trend on CHAINLINK - LINK/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 23.77 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 24.88 USD. Then the price could move towards 25.62 USD. Then 26.45 USD by extension. Be careful, a return below 23.77 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.4
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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 rating is 24.34 USD. The price has increased by +5.69% since the last closing and was traded between 22.97 USD and 24.42 USD over the period. The price is currently at +5.96% from its lowest and -0.33% from its highest.22.97
24.42
24.34
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of CHAINLINK - LINK/USD indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
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
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.22 | 22.31 | 23.77 | 24.34 | 24.88 | 25.62 | 26.45 |
| Change (%) | -12.82% | -8.34% | -2.34% | - | +2.22% | +5.26% | +8.67% |
| Change | -3.12 | -2.03 | -0.57 | - | +0.54 | +1.28 | +2.11 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.73 | 21.83 | 22.43 | 23.53 | 24.13 | 25.23 | 25.83 |
| Camarilla | 22.56 | 22.72 | 22.87 | 23.03 | 23.19 | 23.34 | 23.50 |
| Woodie | 20.48 | 21.71 | 22.18 | 23.41 | 23.88 | 25.11 | 25.58 |
| Fibonacci | 21.83 | 22.48 | 22.88 | 23.53 | 24.18 | 24.58 | 25.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.51 | 14.77 | 18.21 | 23.47 | 26.91 | 32.17 | 35.61 |
| Camarilla | 19.27 | 20.07 | 20.86 | 21.66 | 22.46 | 23.26 | 24.05 |
| Woodie | 8.61 | 14.32 | 17.31 | 23.02 | 26.01 | 31.72 | 34.71 |
| Fibonacci | 14.77 | 18.09 | 20.14 | 23.47 | 26.79 | 28.84 | 32.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -24.25 | -4.62 | 13.73 | 33.36 | 51.71 | 71.34 | 89.69 |
| Camarilla | 21.65 | 25.13 | 28.61 | 32.09 | 35.57 | 39.05 | 42.54 |
| Woodie | -24.88 | -4.94 | 13.10 | 33.04 | 51.08 | 71.02 | 89.06 |
| Fibonacci | -4.62 | 9.89 | 18.85 | 33.36 | 47.87 | 56.83 | 71.34 |
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): | 55.22 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | 1.23 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 23.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.14 | |
| Elder Ray (13): | 0.24 | |
| Super Trend (3,10): | 24.45 | |
| Zig ZAG (10): | 24.23 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 81.17 | |
| TEMA (21): | 23.74 | |
| Williams %R (14): | -3.79 | |
| Chande Momentum Oscillator (20): | 0.49 | |
| Repulse (5,40,3): | 1.6500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 2.64 |
| MA7: | 23.32 | |
| MA20: | 26.09 | |
| MA50: | 33.50 | |
| MA100: | 32.75 | |
| MAexp7: | 23.97 | |
| MAexp20: | 23.80 | |
| MAexp50: | 23.99 | |
| MAexp100: | 23.87 | |
| Price / MA7: | +4.37% | |
| Price / MA20: | -6.71% | |
| Price / MA50: | -27.34% | |
| Price / MA100: | -25.68% | |
| Price / MAexp7: | +1.54% | |
| Price / MAexp20: | +2.27% | |
| Price / MAexp50: | +1.46% | |
| Price / MAexp100: | +1.97% |
Quotes :
-
Real time data
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