CHAINLINK - LINK/USD - 1H - Technical analysis published on 11/05/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 31.35 USD
My targets
32.82 USD (+2.18%)
34.79 USD (+8.31%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CHAINLINK - LINK/USD. This is a positive signal for buyers. As long as the price remains above 31.35 USD, a purchase could be considered. The first bullish objective is located at 32.82 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 34.79 USD as an objective. Crossing it would then enable buyers to target 42.62 USD. In the event of a return below 31.35 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
7
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This analysis was given by alphakarl. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHAINLINK - LINK/USD rating 32.12 USD. The price has increased by +3.55% since the last closing and was traded between 30.69 USD and 32.28 USD over the period. The price is currently at +4.66% from its lowest and -0.50% from its highest.30.69
32.28
32.12
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 CHAINLINK - LINK/USD in 1H shows an overall bullish trend. 75.00% 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 does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 31.03 | 31.35 | 31.94 | 32.12 | 32.82 | 34.79 | 42.62 |
| Change (%) | -3.39% | -2.40% | -0.56% | - | +2.18% | +8.31% | +32.69% |
| Change | -1.09 | -0.77 | -0.18 | - | +0.70 | +2.67 | +10.50 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.30 | 29.29 | 30.15 | 31.14 | 32.00 | 32.99 | 33.85 |
| Camarilla | 30.51 | 30.68 | 30.85 | 31.02 | 31.19 | 31.36 | 31.53 |
| Woodie | 28.25 | 29.26 | 30.10 | 31.11 | 31.95 | 32.96 | 33.80 |
| Fibonacci | 29.29 | 29.99 | 30.43 | 31.14 | 31.84 | 32.28 | 32.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.10 | 24.48 | 27.13 | 30.51 | 33.16 | 36.54 | 39.19 |
| Camarilla | 28.12 | 28.68 | 29.23 | 29.78 | 30.33 | 30.89 | 31.44 |
| Woodie | 20.74 | 24.30 | 26.77 | 30.33 | 32.80 | 36.36 | 38.83 |
| Fibonacci | 24.48 | 26.78 | 28.21 | 30.51 | 32.81 | 34.24 | 36.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.09 | 18.82 | 24.43 | 29.16 | 34.77 | 39.50 | 45.11 |
| Camarilla | 27.20 | 28.14 | 29.09 | 30.04 | 30.99 | 31.94 | 32.88 |
| Woodie | 14.53 | 19.04 | 24.87 | 29.38 | 35.21 | 39.72 | 45.55 |
| Fibonacci | 18.82 | 22.77 | 25.21 | 29.16 | 33.11 | 35.55 | 39.50 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.07 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | 1.89 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 31.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 31.38 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 30.81 | |
| Zig ZAG (10): | 31.68 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 79.50 | |
| TEMA (21): | 31.75 | |
| Williams %R (14): | -8.00 | |
| Chande Momentum Oscillator (20): | 0.81 | |
| Repulse (5,40,3): | 1.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 5.95 |
| MA7: | 31.25 | |
| MA20: | 29.85 | |
| MA50: | 27.27 | |
| MA100: | 26.99 | |
| MAexp7: | 31.66 | |
| MAexp20: | 31.35 | |
| MAexp50: | 31.31 | |
| MAexp100: | 31.26 | |
| Price / MA7: | +2.78% | |
| Price / MA20: | +7.60% | |
| Price / MA50: | +17.79% | |
| Price / MA100: | +19.01% | |
| Price / MAexp7: | +1.45% | |
| Price / MAexp20: | +2.46% | |
| Price / MAexp50: | +2.59% | |
| Price / MAexp100: | +2.75% |
Quotes :
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Real time data
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