CHAINLINK - LINK/USD - 1H - Technical analysis published on 12/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 27.49 USD
My targets
29.44 USD (+1.45%)
30.93 USD (+6.58%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 27.49 USD remains possible. It is advisable to trade CHAINLINK - LINK/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 27.49 USD. The next bullish objective for buyers is set at 29.44 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 30.93 USD. PS: if there is a bearish break in the support located at 27.49 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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
2.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHAINLINK - LINK/USD rating 29.02 USD. On the day, this instrument lost -0.34% and was between 28.53 USD and 29.85 USD. This implies that the price is at +1.72% from its lowest and at -2.78% from its highest.28.53
29.85
29.02
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
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. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
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
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 24.25 | 26.09 | 27.49 | 29.02 | 29.44 | 30.93 |
| Change (%) | -16.44% | -10.10% | -5.27% | - | +1.45% | +6.58% |
| Change | -4.77 | -2.93 | -1.53 | - | +0.42 | +1.91 |
| Level | Minor | Intermediate | Major | - | Minor | 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 | 26.23 | 27.48 | 28.30 | 29.55 | 30.37 | 31.62 | 32.44 |
| Camarilla | 28.55 | 28.74 | 28.93 | 29.12 | 29.31 | 29.50 | 29.69 |
| Woodie | 26.02 | 27.37 | 28.09 | 29.44 | 30.16 | 31.51 | 32.23 |
| Fibonacci | 27.48 | 28.27 | 28.76 | 29.55 | 30.34 | 30.83 | 31.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.99 | 15.34 | 22.23 | 26.58 | 33.47 | 37.82 | 44.71 |
| Camarilla | 26.03 | 27.06 | 28.09 | 29.12 | 30.15 | 31.18 | 32.21 |
| Woodie | 12.26 | 15.98 | 23.50 | 27.22 | 34.74 | 38.46 | 45.98 |
| Fibonacci | 15.34 | 19.63 | 22.29 | 26.58 | 30.87 | 33.53 | 37.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.52 | 6.79 | 12.90 | 16.17 | 22.28 | 25.55 | 31.66 |
| Camarilla | 16.42 | 17.28 | 18.14 | 19.00 | 19.86 | 20.72 | 21.58 |
| Woodie | 4.93 | 7.50 | 14.31 | 16.88 | 23.69 | 26.26 | 33.07 |
| Fibonacci | 6.79 | 10.38 | 12.59 | 16.17 | 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): | 50.60 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 2.66 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 29.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.83 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 28.21 | |
| Zig ZAG (10): | 29.42 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 51.90 | |
| TEMA (21): | 29.26 | |
| Williams %R (14): | -36.57 | |
| Chande Momentum Oscillator (20): | 0.18 | |
| Repulse (5,40,3): | -0.5400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 2.73 |
| MA7: | 26.45 | |
| MA20: | 23.44 | |
| MA50: | 17.46 | |
| MA100: | 14.35 | |
| MAexp7: | 29.34 | |
| MAexp20: | 29.35 | |
| MAexp50: | 28.95 | |
| MAexp100: | 27.91 | |
| Price / MA7: | +9.72% | |
| Price / MA20: | +23.81% | |
| Price / MA50: | +66.21% | |
| Price / MA100: | +102.23% | |
| Price / MAexp7: | -1.09% | |
| Price / MAexp20: | -1.12% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +3.98% |
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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