CHAINLINK - LINK/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	LINKUSD
ISIN:

CHAINLINK - LINK/USD - 1H - Technical analysis published on 03/17/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

56%

39%

My opinion

Bearish under 18.47 USD

My targets

16.92 USD (-6.52%)

14.51 USD (-19.83%)

My analysis

The bearish trend is currently very strong for CHAINLINK - LINK/USD. As long as the price remains below the resistance at 18.47 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 16.92 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 14.51 USD as an objective. Crossing it would then enable sellers to target 13.21 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

4.5

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CHAINLINK - LINK/USD price is 18.10 USD. The price registered a decrease of -0.06% on the session and was traded between 17.40 USD and 18.46 USD over the period. The price is currently at +4.02% from its lowest and -1.95% from its highest.

17.40

18.46

18.10

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:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Abnormal volumes on CHAINLINK - LINK/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in 1H of this CHAINLINK - LINK/USD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.15	13.21	16.92	18.10	18.47	19.02	19.58
Change (%)	-49.45%	-27.02%	-6.52%	-	+2.04%	+5.08%	+8.18%
Change	-8.95	-4.89	-1.18	-	+0.37	+0.92	+1.48
Level	Intermediate	Intermediate	Major	-	Minor	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.28	16.54	17.32	18.58	19.36	20.62	21.40
Camarilla	17.55	17.74	17.92	18.11	18.30	18.48	18.67
Woodie	15.05	16.42	17.09	18.46	19.13	20.50	21.17
Fibonacci	16.54	17.32	17.80	18.58	19.36	19.84	20.62

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.23	14.51	16.31	19.59	21.39	24.67	26.47
Camarilla	16.71	17.18	17.64	18.11	18.58	19.04	19.51
Woodie	10.49	14.14	15.57	19.22	20.65	24.30	25.73
Fibonacci	14.51	16.45	17.65	19.59	21.53	22.73	24.67

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.28	12.71	15.99	18.42	21.70	24.13	27.41
Camarilla	17.70	18.22	18.75	19.27	19.79	20.32	20.84
Woodie	10.71	12.92	16.42	18.63	22.13	24.34	27.84
Fibonacci	12.71	14.89	16.24	18.42	20.60	21.95	24.13

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):	41.18
MACD (12,26,9):	-0.2200
Directional Movement:	-11.80
AROON (14):	35.72
DEMA (21):	18.03
Parabolic SAR (0,02-0,02-0,2):	17.46
Elder Ray (13):	-0.04
Super Trend (3,10):	18.49
Zig ZAG (10):	18.06
VORTEX (21):	0.9000
Stochastique (14,3,5):	68.24
TEMA (21):	18.02
Williams %R (14):	-33.02
Chande Momentum Oscillator (20):	0.47
Repulse (5,40,3):	-0.3200
ROCnROLL:	-1
TRIX (15,9):	-0.2100
Courbe Coppock:	1.42

MA7:	19.96
MA20:	20.01
MA50:	19.09
MA100:	16.97
MAexp7:	18.14
MAexp20:	18.27
MAexp50:	18.82
MAexp100:	19.36
Price / MA7:	-9.32%
Price / MA20:	-9.55%
Price / MA50:	-5.19%
Price / MA100:	+6.66%
Price / MAexp7:	-0.22%
Price / MAexp20:	-0.93%
Price / MAexp50:	-3.83%
Price / MAexp100:	-6.51%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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