CHAINLINK - LINK/USD - 15 min. - Technical analysis published on 11/10/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 36.48 USD
My targets
39.34 USD (+4.85%)
42.62 USD (+13.59%)
My analysis
The bullish trend is currently very strong on CHAINLINK - LINK/USD. As long as the price remains above the support at 36.48 USD, you could try to benefit from the boom. The first bullish objective is located at 39.34 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 42.62 USD as an objective. Crossing it would then enable buyers to target 52.30 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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This analysis was given by alphakarl. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHAINLINK - LINK/USD rating is 37.52 USD. The price registered an increase of +10.97% on the session and was between 33.56 USD and 38.19 USD. This implies that the price is at +11.80% from its lowest and at -1.75% from its highest.33.56
38.19
37.52
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this CHAINLINK - LINK/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 15 minutes
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
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 resistance of triangle
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 33.72 | 34.79 | 35.62 | 37.52 | 42.62 | 52.30 |
| Change (%) | -10.13% | -7.28% | -5.06% | - | +13.59% | +39.39% |
| Change | -3.80 | -2.73 | -1.90 | - | +5.10 | +14.78 |
| Level | Intermediate | Major | Intermediate | - | Minor | Major |
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 | 30.75 | 32.08 | 32.95 | 34.28 | 35.15 | 36.48 | 37.35 |
| Camarilla | 33.21 | 33.41 | 33.61 | 33.81 | 34.01 | 34.21 | 34.42 |
| Woodie | 30.51 | 31.97 | 32.71 | 34.17 | 34.91 | 36.37 | 37.11 |
| Fibonacci | 32.08 | 32.92 | 33.44 | 34.28 | 35.12 | 35.64 | 36.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.22 | 26.45 | 29.26 | 31.49 | 34.30 | 36.53 | 39.34 |
| Camarilla | 30.68 | 31.15 | 31.61 | 32.07 | 32.53 | 32.99 | 33.46 |
| Woodie | 24.51 | 26.60 | 29.55 | 31.64 | 34.59 | 36.68 | 39.63 |
| Fibonacci | 26.45 | 28.38 | 29.57 | 31.49 | 33.42 | 34.61 | 36.53 |
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): | 69.17 | |
| MACD (12,26,9): | 0.2700 | |
| Directional Movement: | 27.90 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 35.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.81 | |
| Elder Ray (13): | 0.43 | |
| Super Trend (3,10): | 34.56 | |
| Zig ZAG (10): | 35.21 | |
| VORTEX (21): | 1.2600 | |
| Stochastique (14,3,5): | 85.54 | |
| TEMA (21): | 35.22 | |
| Williams %R (14): | -17.59 | |
| Chande Momentum Oscillator (20): | 0.66 | |
| Repulse (5,40,3): | 0.4600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 3.94 |
| MA7: | 33.12 | |
| MA20: | 31.61 | |
| MA50: | 28.09 | |
| MA100: | 27.58 | |
| MAexp7: | 35.06 | |
| MAexp20: | 34.67 | |
| MAexp50: | 34.39 | |
| MAexp100: | 34.30 | |
| Price / MA7: | +13.29% | |
| Price / MA20: | +18.70% | |
| Price / MA50: | +33.57% | |
| Price / MA100: | +36.04% | |
| Price / MAexp7: | +7.02% | |
| Price / MAexp20: | +8.22% | |
| Price / MAexp50: | +9.10% | |
| Price / MAexp100: | +9.39% |
Quotes :
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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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