CHAINLINK - LINK/USD - Daily - Technical analysis published on 09/30/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 7.45 USD
My targets
8.68 USD (+10.75%)
9.29 USD (+18.49%)
My analysis
A bullish trend on CHAINLINK - LINK/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 7.45 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 8.68 USD. Then the price could move towards 9.29 USD. Then 12.19 USD by extension. Be careful, a return below 7.45 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
6.1
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Additional analysis
Quotes
The CHAINLINK - LINK/USD rating is 7.84 USD. The price is lower by -0.76% since the last closing and was traded between 7.78 USD and 7.91 USD over the period. The price is currently at +0.77% from its lowest and -0.88% from its highest.7.78
7.91
7.84
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 Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.79 | 5.98 | 7.84 | 9.29 | 12.19 | 13.75 |
| Change (%) | -77.17% | -23.72% | - | +18.49% | +55.48% | +75.38% |
| Change | -6.05 | -1.86 | - | +1.45 | +4.35 | +5.91 |
| Level | Minor | Major | - | Major | Minor | Intermediate |
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 | 7.33 | 7.46 | 7.68 | 7.81 | 8.03 | 8.16 | 8.38 |
| Camarilla | 7.80 | 7.84 | 7.87 | 7.90 | 7.93 | 7.96 | 8.00 |
| Woodie | 7.38 | 7.48 | 7.73 | 7.83 | 8.08 | 8.18 | 8.43 |
| Fibonacci | 7.46 | 7.59 | 7.68 | 7.81 | 7.94 | 8.03 | 8.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.10 | 5.81 | 6.72 | 7.43 | 8.34 | 9.05 | 9.96 |
| Camarilla | 7.19 | 7.33 | 7.48 | 7.63 | 7.78 | 7.93 | 8.08 |
| Woodie | 5.20 | 5.86 | 6.82 | 7.48 | 8.44 | 9.10 | 10.06 |
| Fibonacci | 5.81 | 6.43 | 6.81 | 7.43 | 8.05 | 8.43 | 9.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.10 | 4.16 | 5.39 | 7.45 | 8.68 | 10.74 | 11.97 |
| Camarilla | 5.73 | 6.03 | 6.33 | 6.63 | 6.93 | 7.23 | 7.54 |
| Woodie | 1.70 | 3.95 | 4.99 | 7.24 | 8.28 | 10.53 | 11.57 |
| Fibonacci | 4.16 | 5.41 | 6.19 | 7.45 | 8.70 | 9.48 | 10.74 |
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): | 55.17 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | 6.40 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 7.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.04 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 6.46 | |
| Zig ZAG (10): | 7.87 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 66.01 | |
| TEMA (21): | 7.89 | |
| Williams %R (14): | -33.17 | |
| Chande Momentum Oscillator (20): | 0.36 | |
| Repulse (5,40,3): | 0.9200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 6.41 |
| MA7: | 7.87 | |
| MA20: | 7.58 | |
| MA50: | 7.45 | |
| MA100: | 7.21 | |
| MAexp7: | 7.80 | |
| MAexp20: | 7.60 | |
| MAexp50: | 7.47 | |
| MAexp100: | 7.74 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | +3.43% | |
| Price / MA50: | +5.23% | |
| Price / MA100: | +8.74% | |
| Price / MAexp7: | +0.51% | |
| Price / MAexp20: | +3.16% | |
| Price / MAexp50: | +4.95% | |
| Price / MAexp100: | +1.29% |
Quotes :
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Real time data
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