CHAINLINK - LINK/USD - 1H - Technical analysis published on 11/30/2021 (GMT)
- 275
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- 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 bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 25.17 USD
My targets
27.68 USD (+5.25%)
28.83 USD (+9.62%)
My analysis
CHAINLINK - LINK/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 25.17 USD. The next resistance located at 27.68 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 28.83 USD. After this resistance, buyers could then target 29.54 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
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:
Additional analysis
Quotes
The CHAINLINK - LINK/USD rating is 26.30 USD. On the day, this instrument gained +5.12% and was traded between 24.17 USD and 26.56 USD over the period. The price is currently at +8.81% from its lowest and -0.98% from its highest.24.17
26.56
26.30
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHAINLINK - LINK/USD:
Technical
A technical analysis in 1H 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 : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
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 a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.56 | 25.17 | 26.16 | 26.30 | 27.68 | 28.83 | 29.54 |
| Change (%) | -6.62% | -4.30% | -0.53% | - | +5.25% | +9.62% | +12.32% |
| Change | -1.74 | -1.13 | -0.14 | - | +1.38 | +2.53 | +3.24 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | 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 | 23.54 | 24.07 | 24.54 | 25.07 | 25.54 | 26.07 | 26.54 |
| Camarilla | 24.75 | 24.84 | 24.93 | 25.02 | 25.11 | 25.20 | 25.30 |
| Woodie | 23.52 | 24.06 | 24.52 | 25.06 | 25.52 | 26.06 | 26.52 |
| Fibonacci | 24.07 | 24.45 | 24.69 | 25.07 | 25.45 | 25.69 | 26.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.05 | 19.03 | 21.57 | 25.55 | 28.09 | 32.07 | 34.61 |
| Camarilla | 22.31 | 22.91 | 23.50 | 24.10 | 24.70 | 25.30 | 25.89 |
| Woodie | 14.32 | 18.67 | 20.84 | 25.19 | 27.36 | 31.71 | 33.88 |
| Fibonacci | 19.03 | 21.52 | 23.06 | 25.55 | 28.04 | 29.58 | 32.07 |
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): | 68.81 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | 14.32 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 25.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.26 | |
| Elder Ray (13): | 0.80 | |
| Super Trend (3,10): | 24.68 | |
| Zig ZAG (10): | 25.88 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 89.31 | |
| TEMA (21): | 25.33 | |
| Williams %R (14): | -13.81 | |
| Chande Momentum Oscillator (20): | 1.21 | |
| Repulse (5,40,3): | 5.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.49 |
| MA7: | 25.15 | |
| MA20: | 28.45 | |
| MA50: | 29.31 | |
| MA100: | 28.09 | |
| MAexp7: | 25.33 | |
| MAexp20: | 25.01 | |
| MAexp50: | 24.81 | |
| MAexp100: | 24.90 | |
| Price / MA7: | +4.57% | |
| Price / MA20: | -7.56% | |
| Price / MA50: | -10.27% | |
| Price / MA100: | -6.37% | |
| Price / MAexp7: | +3.83% | |
| Price / MAexp20: | +5.16% | |
| Price / MAexp50: | +6.01% | |
| Price / MAexp100: | +5.62% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CHAINLINK - LINK/USD - 1H