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

CHAINLINK - LINK/USD - 1H - Technical analysis published on 07/29/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 18.10 USD
My targets
19.86 USD (+4.36%)
21.85 USD (+14.82%)
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 18.10 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 19.86 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 21.85 USD as an objective. Crossing it would then enable buyers to target 24.88 USD. If the support 18.10 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.3

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 19.03 USD. The price is lower by -0.16% since the last closing with the lowest point at 18.61 USD and the highest point at 19.18 USD. The deviation from the price is +2.26% for the low point and -0.78% for the high point.

18.61
19.18
19.03

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. 67.86% 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. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 15.66 16.19 18.95 19.03 19.86 24.88 34.72
Change (%) -17.71% -14.92% -0.42% - +4.36% +30.74% +82.45%
Change -3.37 -2.84 -0.08 - +0.83 +5.85 +15.69
Level Major Major Intermediate - Intermediate Intermediate Intermediate



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
Standard17.0917.8518.4619.2219.8320.5921.20
Camarilla18.6818.8118.9319.0619.1919.3119.44
Woodie17.0117.8118.3819.1819.7520.5521.12
Fibonacci17.8518.3818.7019.2219.7520.0720.59


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.6012.0014.3515.7518.1019.5021.85
Camarilla15.6716.0116.3616.7017.0417.3917.73
Woodie11.0812.2414.8315.9918.5819.7422.33
Fibonacci12.0013.4314.3215.7517.1818.0719.50


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.708.8414.1720.3125.6431.7837.11
Camarilla16.3517.4018.4519.5020.5521.6022.65
Woodie2.308.6413.7720.1125.2431.5836.71
Fibonacci8.8413.2215.9320.3124.6927.4031.78

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): 47.49
MACD (12,26,9): -0.0700
Directional Movement: -7.42
AROON (14): -50.00
DEMA (21): 18.93
Parabolic SAR (0,02-0,02-0,2): 18.63
Elder Ray (13): -0.05
Super Trend (3,10): 18.61
Zig ZAG (10): 18.91
VORTEX (21): 0.9200
Stochastique (14,3,5): 36.22
TEMA (21): 18.83
Williams %R (14): -68.27
Chande Momentum Oscillator (20): -0.16
Repulse (5,40,3): -0.1700
ROCnROLL: -1
TRIX (15,9): -0.0500
Courbe Coppock: 2.99
MA7: 17.93
MA20: 16.75
MA50: 18.69
MA100: 27.02
MAexp7: 18.92
MAexp20: 19.02
MAexp50: 18.96
MAexp100: 18.47
Price / MA7: +6.13%
Price / MA20: +13.61%
Price / MA50: +1.82%
Price / MA100: -29.57%
Price / MAexp7: +0.58%
Price / MAexp20: +0.05%
Price / MAexp50: +0.37%
Price / MAexp100: +3.03%

Quotes : - Real time data - Cryptocompare

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

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