CHAINLINK - LINK/USD - 1H - Technical analysis published on 10/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 11.52 USD
My targets
12.03 USD (+0.75%)
12.19 USD (+2.09%)
My analysis
CHAINLINK - LINK/USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 11.52 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 12.03 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 12.19 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 12.33 USD. Beware of a possible return to under the support located at 11.52 USD which would be the sign of a correction of the bullish excesses registered in the short term.
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
5.9
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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 11.94 USD. The price has increased by +2.93% since the last closing and was between 11.60 USD and 11.95 USD. This implies that the price is at +2.93% from its lowest and at -0.08% from its highest.11.60
11.95
11.94
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHAINLINK - LINK/USD chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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 | 11.00 | 11.28 | 11.52 | 11.94 | 12.03 | 12.19 | 12.33 |
| Change (%) | -7.87% | -5.53% | -3.52% | - | +0.75% | +2.09% | +3.27% |
| Change | -0.94 | -0.66 | -0.42 | - | +0.09 | +0.25 | +0.39 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.93 | 11.07 | 11.34 | 11.48 | 11.75 | 11.89 | 12.16 |
| Camarilla | 11.49 | 11.53 | 11.56 | 11.60 | 11.64 | 11.68 | 11.71 |
| Woodie | 10.99 | 11.10 | 11.40 | 11.51 | 11.81 | 11.92 | 12.22 |
| Fibonacci | 11.07 | 11.23 | 11.33 | 11.48 | 11.64 | 11.74 | 11.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.67 | 10.14 | 10.77 | 11.24 | 11.87 | 12.34 | 12.97 |
| Camarilla | 11.11 | 11.21 | 11.31 | 11.41 | 11.51 | 11.61 | 11.71 |
| Woodie | 9.76 | 10.18 | 10.86 | 11.28 | 11.96 | 12.38 | 13.06 |
| Fibonacci | 10.14 | 10.56 | 10.82 | 11.24 | 11.66 | 11.92 | 12.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.08 | 7.68 | 9.77 | 11.37 | 13.46 | 15.06 | 17.15 |
| Camarilla | 10.84 | 11.17 | 11.51 | 11.85 | 12.19 | 12.53 | 12.87 |
| Woodie | 6.32 | 7.80 | 10.01 | 11.49 | 13.70 | 15.18 | 17.39 |
| Fibonacci | 7.68 | 9.09 | 9.96 | 11.37 | 12.78 | 13.65 | 15.06 |
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): | 74.33 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 27.83 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 11.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.47 | |
| Elder Ray (13): | 0.22 | |
| Super Trend (3,10): | 11.54 | |
| Zig ZAG (10): | 11.85 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 97.07 | |
| TEMA (21): | 11.75 | |
| Williams %R (14): | -3.85 | |
| Chande Momentum Oscillator (20): | 0.42 | |
| Repulse (5,40,3): | 2.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 5.35 |
| MA7: | 11.69 | |
| MA20: | 11.27 | |
| MA50: | 11.23 | |
| MA100: | 11.41 | |
| MAexp7: | 11.70 | |
| MAexp20: | 11.55 | |
| MAexp50: | 11.53 | |
| MAexp100: | 11.56 | |
| Price / MA7: | +2.14% | |
| Price / MA20: | +5.94% | |
| Price / MA50: | +6.32% | |
| Price / MA100: | +4.65% | |
| Price / MAexp7: | +2.05% | |
| Price / MAexp20: | +3.38% | |
| Price / MAexp50: | +3.56% | |
| Price / MAexp100: | +3.29% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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