CHAINLINK - LINK/USD - 1H - Technical analysis published on 12/05/2024 (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 24.04 USD
My targets
25.22 USD (+4.13%)
26.83 USD (+10.78%)
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 24.04 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 24.04 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.
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
3.8
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This analysis was given by adhemar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHAINLINK - LINK/USD price is 24.22 USD. The price has increased by +0.50% since the last closing with the lowest point at 23.02 USD and the highest point at 24.40 USD. The deviation from the price is +5.21% for the low point and -0.74% for the high point.23.02
24.40
24.22
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
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
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
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this CHAINLINK - LINK/USD chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 21.73 | 22.61 | 24.04 | 24.22 | 25.22 | 26.83 |
| Change (%) | -10.28% | -6.65% | -0.74% | - | +4.13% | +10.78% |
| Change | -2.49 | -1.61 | -0.18 | - | +1.00 | +2.61 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.13 | 21.89 | 22.99 | 24.75 | 25.85 | 27.61 | 28.71 |
| Camarilla | 23.31 | 23.58 | 23.84 | 24.10 | 24.36 | 24.62 | 24.89 |
| Woodie | 19.81 | 21.73 | 22.67 | 24.59 | 25.53 | 27.45 | 28.39 |
| Fibonacci | 21.89 | 22.98 | 23.65 | 24.75 | 25.84 | 26.51 | 27.61 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.86 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | -2.72 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 23.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.32 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 25.27 | |
| Zig ZAG (10): | 23.97 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 61.75 | |
| TEMA (21): | 23.76 | |
| Williams %R (14): | -26.09 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | 0.7900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 3.82 |
| MA7: | 21.98 | |
| MA20: | 18.21 | |
| MA50: | 14.53 | |
| MA100: | 12.80 | |
| MAexp7: | 23.97 | |
| MAexp20: | 24.06 | |
| MAexp50: | 23.93 | |
| MAexp100: | 22.96 | |
| Price / MA7: | +10.19% | |
| Price / MA20: | +33.00% | |
| Price / MA50: | +66.69% | |
| Price / MA100: | +89.22% | |
| Price / MAexp7: | +1.04% | |
| Price / MAexp20: | +0.67% | |
| Price / MAexp50: | +1.21% | |
| Price / MAexp100: | +5.49% |
Quotes :
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Real time data
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