CHAINLINK - LINK/USD - 1H - Technical analysis published on 12/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 23.79 USD
My targets
25.22 USD (+3.87%)
26.83 USD (+10.50%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHAINLINK - LINK/USD. As long as you are above the support located at 23.79 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 25.22 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 26.83 USD as an objective. If the support 23.79 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.2
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This analysis was given by adhemar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHAINLINK - LINK/USD rating 24.28 USD. The price has increased by +0.58% since the last closing and was traded between 23.64 USD and 25.14 USD over the period. The price is currently at +2.71% from its lowest and -3.42% from its highest.23.64
25.14
24.28
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of CHAINLINK - LINK/USD indicates that the overall trend is bullish. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 21.73 | 22.61 | 23.79 | 24.28 | 25.22 | 26.83 |
| Change (%) | -10.50% | -6.88% | -2.02% | - | +3.87% | +10.50% |
| Change | -2.55 | -1.67 | -0.49 | - | +0.94 | +2.55 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major |
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 | 18.86 | 20.73 | 22.44 | 24.31 | 26.02 | 27.89 | 29.60 |
| Camarilla | 23.16 | 23.48 | 23.81 | 24.14 | 24.47 | 24.80 | 25.13 |
| Woodie | 18.77 | 20.69 | 22.35 | 24.27 | 25.93 | 27.85 | 29.51 |
| Fibonacci | 20.73 | 22.10 | 22.95 | 24.31 | 25.68 | 26.53 | 27.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.63 | 14.89 | 16.94 | 18.20 | 20.25 | 21.51 | 23.56 |
| Camarilla | 18.09 | 18.39 | 18.70 | 19.00 | 19.30 | 19.61 | 19.91 |
| Woodie | 14.04 | 15.09 | 17.35 | 18.40 | 20.66 | 21.71 | 23.97 |
| Fibonacci | 14.89 | 16.15 | 16.93 | 18.20 | 19.46 | 20.24 | 21.51 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.53 | 6.81 | 12.90 | 16.18 | 22.27 | 25.55 | 31.64 |
| Camarilla | 16.42 | 17.28 | 18.14 | 19.00 | 19.86 | 20.72 | 21.58 |
| Woodie | 4.95 | 7.51 | 14.32 | 16.88 | 23.69 | 26.25 | 33.06 |
| Fibonacci | 6.81 | 10.39 | 12.60 | 16.18 | 19.76 | 21.97 | 25.55 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.30 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 9.61 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 24.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.95 | |
| Elder Ray (13): | 0.27 | |
| Super Trend (3,10): | 23.24 | |
| Zig ZAG (10): | 24.49 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 68.63 | |
| TEMA (21): | 24.25 | |
| Williams %R (14): | -53.33 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | -2.2300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 0.26 |
| MA7: | 21.10 | |
| MA20: | 17.73 | |
| MA50: | 14.29 | |
| MA100: | 12.67 | |
| MAexp7: | 24.34 | |
| MAexp20: | 24.33 | |
| MAexp50: | 23.59 | |
| MAexp100: | 22.20 | |
| Price / MA7: | +15.07% | |
| Price / MA20: | +36.94% | |
| Price / MA50: | +69.91% | |
| Price / MA100: | +91.63% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | +2.92% | |
| Price / MAexp100: | +9.37% |
Quotes :
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Real time data
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