CHAINLINK - LINK/USD - 1H - Technical analysis published on 11/12/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 34.79 USD
My targets
31.87 USD (-4.98%)
30.76 USD (-8.29%)
My analysis
CHAINLINK - LINK/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 34.79 USD. The next support located at 31.87 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 30.76 USD. Below this support, sellers could then target 24.88 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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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 33.54 USD. The price is lower by -3.43% since the last closing with the lowest point at 33.04 USD and the highest point at 35.46 USD. The deviation from the price is +1.51% for the low point and -5.41% for the high point.33.04
35.46
33.54
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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 strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 3 are neutral and 10 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 24.88 | 30.76 | 31.87 | 33.54 | 33.72 | 34.79 | 35.62 |
| Change (%) | -25.82% | -8.29% | -4.98% | - | +0.54% | +3.73% | +6.20% |
| Change | -8.66 | -2.78 | -1.67 | - | +0.18 | +1.25 | +2.08 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 29.60 | 31.51 | 33.11 | 35.02 | 36.62 | 38.53 | 40.13 |
| Camarilla | 33.75 | 34.07 | 34.39 | 34.71 | 35.03 | 35.35 | 35.68 |
| Woodie | 29.45 | 31.43 | 32.96 | 34.94 | 36.47 | 38.45 | 39.98 |
| Fibonacci | 31.51 | 32.85 | 33.68 | 35.02 | 36.36 | 37.19 | 38.53 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.49 | |
| MACD (12,26,9): | -0.4700 | |
| Directional Movement: | -9.13 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 33.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.39 | |
| Elder Ray (13): | -0.44 | |
| Super Trend (3,10): | 35.21 | |
| Zig ZAG (10): | 33.89 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 31.32 | |
| TEMA (21): | 33.40 | |
| Williams %R (14): | -65.56 | |
| Chande Momentum Oscillator (20): | -0.87 | |
| Repulse (5,40,3): | 0.9600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1700 | |
| Courbe Coppock: | 7.54 |
| MA7: | 33.67 | |
| MA20: | 31.98 | |
| MA50: | 28.44 | |
| MA100: | 27.78 | |
| MAexp7: | 33.80 | |
| MAexp20: | 34.26 | |
| MAexp50: | 34.67 | |
| MAexp100: | 34.47 | |
| Price / MA7: | -0.39% | |
| Price / MA20: | +4.88% | |
| Price / MA50: | +17.93% | |
| Price / MA100: | +20.73% | |
| Price / MAexp7: | -0.77% | |
| Price / MAexp20: | -2.10% | |
| Price / MAexp50: | -3.26% | |
| Price / MAexp100: | -2.70% |
Quotes :
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Real time data
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