CHAINLINK - LINK/USD - 1H - Technical analysis published on 12/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 29.44 USD
My targets
31.80 USD (+3.64%)
36.72 USD (+19.70%)
My analysis
CHAINLINK - LINK/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 29.44 USD. The next resistance located at 31.80 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 36.72 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem 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
7.7
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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 rating is 30.68 USD. The price has increased by +5.29% since the last closing and was traded between 28.27 USD and 30.93 USD over the period. The price is currently at +8.52% from its lowest and -0.81% from its highest.28.27
30.93
30.68
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on CHAINLINK - LINK/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this CHAINLINK - LINK/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
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
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 25.29 | 26.82 | 29.44 | 30.68 |
| Change (%) | -17.57% | -12.58% | -4.04% | - |
| Change | -5.39 | -3.86 | -1.24 | - |
| Level | Intermediate | Major | 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 | 20.02 | 21.97 | 25.55 | 27.50 | 31.08 | 33.03 | 36.61 |
| Camarilla | 27.62 | 28.13 | 28.63 | 29.14 | 29.65 | 30.15 | 30.66 |
| Woodie | 20.85 | 22.38 | 26.38 | 27.91 | 31.91 | 33.44 | 37.44 |
| Fibonacci | 21.97 | 24.08 | 25.38 | 27.50 | 29.61 | 30.91 | 33.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.46 | 14.96 | 19.88 | 23.38 | 28.30 | 31.80 | 36.72 |
| Camarilla | 22.50 | 23.27 | 24.04 | 24.81 | 25.58 | 26.35 | 27.13 |
| Woodie | 12.18 | 15.32 | 20.60 | 23.74 | 29.02 | 32.16 | 37.44 |
| Fibonacci | 14.96 | 18.17 | 20.16 | 23.38 | 26.59 | 28.58 | 31.80 |
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): | 65.16 | |
| MACD (12,26,9): | 0.8400 | |
| Directional Movement: | 12.43 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 29.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.25 | |
| Elder Ray (13): | 0.49 | |
| Super Trend (3,10): | 26.67 | |
| Zig ZAG (10): | 28.95 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 72.79 | |
| TEMA (21): | 29.16 | |
| Williams %R (14): | -20.75 | |
| Chande Momentum Oscillator (20): | 0.55 | |
| Repulse (5,40,3): | 2.4700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5200 | |
| Courbe Coppock: | 4.08 |
| MA7: | 25.43 | |
| MA20: | 22.27 | |
| MA50: | 16.73 | |
| MA100: | 13.96 | |
| MAexp7: | 28.85 | |
| MAexp20: | 28.04 | |
| MAexp50: | 26.47 | |
| MAexp100: | 25.44 | |
| Price / MA7: | +20.64% | |
| Price / MA20: | +37.76% | |
| Price / MA50: | +83.38% | |
| Price / MA100: | +119.77% | |
| Price / MAexp7: | +6.34% | |
| Price / MAexp20: | +9.42% | |
| Price / MAexp50: | +15.90% | |
| Price / MAexp100: | +20.60% |
Quotes :
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Real time data
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